News

Faria de Oliveira: banks may need capital in the medium term

Page created: Thursday, 21 September 2017 10:49 GMT

Thematic
Tags:
APB   Banking Sector  Faria de Oliveira  NPL  Portuguese Banks

he Portuguese banking will need new capital increases. Not on the short run, but on a medium term, Faria de Oliveira tells ECO in the Investor Relations & Governance Awards (IRGA) in Lisbon, promoted by Deloitte. The president of APB (Portuguese Banking Association) stated these reinforcements will help accelerate the process of reducing the amount of non-performing loans (NPL), which still weight in on bank’s profitability, but will also help answering the capital requirements imposed by regulators. As for the platform created to solve the NPL issue, Faria de Oliveira, the representative from Portuguese financial institutions, stated the announcement of the solution “will soon be made”.