Wednesday, July 27, 2016

BCP postpones results presentation – Jornal de Negócios – Portugal

The BCP has postponed for two days the presentation of first-half results, announced on Wednesday the bank led by Nuno Amado.

In a statement sent to the CMVM minutes before the opening of markets, the institution justified the postponement to Friday, July 29, at 21.00, “in order to make it coincide with the publication of the results of stress tests coordinated the European Banking Authority (EBA), and carried out in liaison with the ECB. “

” As occurred in 2014 stress test, thus ensures a communication to the market an integrated view of the situation Group, “the bank.

the results of the stress tests may require new capital reinforcements from the financial sector. Although BCP not be among the 51 financial institutions whose data will be published by the EBA on Friday, should have information on the bank’s situation. The organization led by Nuno Amado should therefore take advantage of the presentation of the results to account for the ECB’s analysis of the BCP strength levels. EBA analyzed more than 100 European financial institutions, and only disclose the data of about 50 banks. The remaining entities may thus disclose information about their situation.

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