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The Banco de Portugal (English: Bank of Portugal) is the Portuguese member of the Eurosystem and has been the monetary authority for Portugal from 1846 to 1998, issuing the Portuguese escudo. Since 2014, it has also been Portugal's national competent authority within European Banking Supervision. [3] The bank was founded by royal charter in ...
Defunct banks. Banco Espírito Santo : bailed-out by the Portuguese state in 2014 and re-organised into Novobanco. Banco Português do Atlântico. Banco Português de Negócios : sold to the Angolese Bank Banco BIC in 2012. Banco Privado Português. Banif Financial Group : bailed-out by the Portuguese state in 2015 and sold to Banco Santander.
3 November 1949 (age 74) Oliveira de Azeméis, Portugal. Alma mater. University of Porto. Occupation. Economist. Carlos da Silva Costa (born November 3, 1949, in Oliveira de Azeméis) is a Portuguese economist who served as Governor of the Bank of Portugal from June 7, 2010 [1] to July 20, 2020, when he was succeeded by Mário Centeno .
Alves Reis was a child of a humble family; his father was a financially troubled undertaker who ended up being declared insolvent.Reis wanted to study engineering.He started his degree but quit in the first year to marry Maria Luísa Jacobetti de Azevedo, sister of Octávio Jacobetti de Azevedo and daughter of de Azevedo and Beatriz, in August 1916.
Portugal's central bank is the Banco de Portugal, which is an integral part of the European System of Central Banks. The largest Portuguese banks are Banco Comercial Português and the state-owned Caixa Geral de Depósitos. [139] Portuguese banks hold strategic stakes in other sectors of the economy, including the insurance sector.
Toggle Portugal subsection. 42.1 Central bank. 42.2 Major banks. 43 Romania. ... Banco Angolano de Negócios e Comércio; Banco BAI Europa; Banco Best; Banco BIC ...
The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.
The Banco de Portugal sued Waterlow & Sons in the High Court in London because of counterfeiting. In one of the most complex trials in legal history, the case was finally settled in favour of the Bank in 1932. [4] William Waterlow retired from Waterlow's and was subsequently elected as the 602nd Lord Mayor of London. [5] [6]