Offers to purchase the New Bank are very low – TVI24

The offers that the government received for purchase of New Bank are up to almost symbolic moment and are far from the 4.9 billion euros that the Fund Resolution injected, which can indeed be almost all lost. The news is advanced by the weekly Express , which also says that the values ​​offered by the New Bank are closer to 40 million euros that the state fitted with the sale of BPN .

Express says that the state will hardly recover the money put in the bank after the resolution will be subject to the transaction, and losses are still increasing. The goal is even lose no more.

None of the offers that the government received, and after analyzing returned to the Bank of Portugal, agrees to buy the risk to pay about two billion euros of bonds senior transferred to the bad bank, if the court determines.

Express also points out that the state loan of 3.9 billion euros for the resolution fund should be transformed into a loan very long term, several decades, which will be paid with contributions from banks.

Express news yet on Saturday that the losses BPN may exceed nine billion. Eight years after the nationalization and six years after the privatization, the shock wave of BPN in the pockets of taxpayers is not over yet, says the newspaper, for whom the Parvalorem , which got the credit of the bank, . still have many losses by assuming

So far, the state has assumed losses of 5 billion: 1.8 billion in the first fiscal impact in 2010 and the remaining 3.2 billion accumulated between 2011 and 2015, according to calculations of the Court of Auditors. But may lack still pay a significant amount and may exceed 4 billion

The three vehicles created to manage the bank’s assets -. Parvalorem, Parups and Subsidiaries – have at this time, a greater liability the active, negative equity, representing a loss to take the state. The largest share belongs to Parvalorem, with 3.7 billion, but if you can not recover any of the loans in its portfolio, the hole could reach 4.3 billion. In the end, the bill BPN can exceed 9 billion, says the weekly.