Saturday, May 21, 2016

Costa: Case Recapitalization still no “final decision” – Jornal de Negócios – Portugal

The Prime Minister, António Costa, said today that there is still no “final decision” on a possible injection of four billion euros in Caixa Geral de Depósitos (CGD), referring any comment to the completion of the process.

” no, what the Express say is that there is a restructuring program which is being prepared by the board of directors [CGD] that is being made and is being discussed with the Government. When a final decision on the matter we treat, “he told reporters in Santo Tirso, district of Oporto, on the sidelines of the inauguration of two museums of the city.

the weekly Expresso reports today that the Government accepts inject four billion in CGD .

according to the newspaper, Antonio Domingues put as a condition to accept the leadership of CGD bank recapitalization in the amount of up to the four billion and António Costa would have said yes.

strengthening capital of CGD in this amount is on the table exceeds the real needs of the bank immediately, also says the Express.

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