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The new Banco de Empresa Montepio (BEM) could remove from the balance sheet of the parent company large compliant customers whose turnover was more than 20 million euros, which corresponds to profitable loans in a portfolio of more than 2 , 3 billion euros, according to Público, this Monday, May 20.
Although they must be customers themselves to request this transfer to BEM, presented earlier this month as heir of Montepio Investimentos, this plan leaves out the passage of assets. and impairment, which would contribute to a devaluation. Montepio Bank, the main asset of Associação Mutualista (AMMG).
"In practice, the level of coverage of the debts assumed by the mutual fund in relation to its 630,000 associates ends up being affected," the same newspaper says of this scenario, in an article that also highlights the a privatization is under way "of the right bank, with the support of the government (which is under the responsibility of the AMMG) and the Bank of Portugal. "
The National Institute of Industrial Property has not yet authorized the registration of the BEM mark, which was requested in January of this year. Carlos Tavares, former president of the Securities Market Commission (CMVM), currently president of Banco Montepio, is responsible for the new institution, although this accumulation depends on the approval of the central bank, chaired by Carlos Costa .
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