BCP supports fusion with Montepio



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BCP is available for a merger with Banco Montepio if intervention is required. According to Expresso, this availability has already been communicated to the Government, in a meeting between BCP management and João Leão. The minister held bilateral meetings with various bankers to discuss the credit default, but, as the Express confirmed with various sources, the Montepio issue always came up. At a time when the news of a restructuring plan for Banco Montepio has been made known, with the dismissal of workers, which can reach several hundred, these concerns of bankers and finances take on new relevance.

BCP does not comment on this information and the Ministry of Finance, confirming the meetings, denies that they were held “to address the Montepio issue.” “In the meeting to which the Expresso will refer, the issue of credit default was discussed, a measure that, by the way, was today [quinta-feira] approved by the Council of Ministers ”. Therefore, João Leão’s office left unanswered all the other questions asked by Expresso, namely the availability of other banks (besides BCP) to participate in a solution for Montepio, the degree of concern with which Finanzas looks this dossier. or how the Government will manage in a scenario in which the Associação Mutualista Montepio Geral, the bank’s majority shareholder, has financial balance problems that compromise the responsibility of its partners for saving.

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