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BCP guarantees that it has not been contacted by the Ministry of Finance to buy or merge with Banco Montepio. Miguel Maya, president of the bank, quoted by Bloomberg, who pointed to organic growth as the bank’s strategy, however, did not rule out another type of approach in the future, in case “operations arise that warrant a rigorous analysis.” For now, Miguel Maya reinforces that “protecting the bank’s balance is the absolute priority” and says that Finanzas has not contacted him because of Montepio.
This was the reaction of Miguel Maya, on the sidelines of the tourist summit, to the news of the Expresso that he realized that the BCP would be available for a merger with Banco Montepio in case an intervention was necessary.
In another dossier, that of the Novo Banco, Miguel Maya admitted having financed the Resolution Fund – to cover the money from the Novo Banco that the State would stop lending – “under market conditions. The president of BCP says that “if there is availability to look for another model [de contribuições], maybe BCP can also consider being available to make this financing, “he said, noting, however, that the BCP” will never “make” a financing if it is not in market conditions, “said the president of the institution, quoted by Lusa. .
But on this financing of the Resolution Fund by the banks – so that the State does not have to enter more money in the form of a loan, since this is one of the points in negotiation regarding the State Budget for 2021 – the president of the BCP, Miguel Maya, said that the issue must be analyzed with “the utmost care and rigor,” noting that he has no decision on the matter.
Miguel Maya conveyed this position on the sidelines of the V Portugal Tourism Summit, after being asked about the possibility of finding alternative sources of financing for the Resolution Fund other than public loans. Miguel Maya took the opportunity to reinforce his position, even so, that the current model of contributions to the Resolution Fund “is not sustainable” and “creates competitive disadvantages” for banks that generate employment and prosperity in Portugal “.
As a manager, I have an obligation to analyze all transactions that can be placed on the market. Miguel maya
President of BCP mentioned by Eco
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