Berberan José Ramalho is deputy governor of the Bank of Portugal and leader of the Resolution Fund, an organization that works with the banking regulator. “Many of the things I say are already known this house,” he began by saying. Actually they were. But the head of the Bank of Portugal brought some clarification on the issue in a hearing that lasted more than three hours.
To begin with, the deputy governor summarized three reasons for the Banif resolution costs were “very high”, as he admitted himself. Brussels, hurried sale and saving deposits were the reasons given.
However, even after rejecting the Banif assets that were transferred to the Octant, Santander Totta can come to buy them, made clear José Berberan Ramalho.
Some of the assets that the bank led by António Vieira Monteiro were not acquired real estate. One example is a stake in the fund Banif Property, which makes the Totta is not owner of its own branches which operate in the former Banif agencies.
Another issue has to do with the commission of inquiry who secured the European Central Bank confidentiality for documents that are received from Frankfurt.
However, the commission will try to listen Vítor Constâncio, despite the refusal itself to respond to Members of the parliamentary inquiry. The PSD speaks of “superb” the former governor and want clarification.
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