Government meets the victims of Banif and CMVM



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Representatives of the Government, the Banif Accident Association and the Securities Market Commission (CMVM) will meet Thursday at Lisbon

"The meeting took place after Alboa [Associação de Lesados do Banif] publicly criticized the CMVM for saying, through the statements of its president, Gabriela Figueiredo Dias, that she had not found no sign of "improper sale" [venda fraudulenta] in the marketing of Banif's financial products (when the latter was already mainly intervened by the state), "said the association in a statement.

ALBOA also accused the CMVM of: "having failed to respond to a meeting request" which would seek to explore possible solutions to alleviate the losses of its members.

"ALBOA subsequently […] announced that she would request the establishment of a Rec

According to the association, the meeting, which will be held at the headquarters of the CMVM, will be assisted by the Prime Minister's adviser, Mariana Melo Egidio and a delegation of the management of the association, and the representation of the CMVM is not known.

"In addition to understandable clarifications to provide and analyze, ALBOA will finally have the opportunity to deliver the documents to this CMVM.

On June 27, the president of the CMVM told parliament that there had been aggressive sales to Banif, but that no evidence of widespread irregular sale of financial products by the bank was reported. has been found.

"The possible conclusions, given the temporal distance and inability to locate potentially relevant data and documents, confirm the existence of aggressive sales, Gabriela Dias at the Committee on Budget and Finance at the time.

On June 25, the Bank (Banif), following the revocation by the European Central Bank (ECB) of the authorization to engage in the activity of the credit institutions.

Since the resolution of Banif (end of 2015), the victims of the bank – represented in ALBOA – request a solution that compensates them for losses suffered, similar to those found for the wounded in the commercial paper sold by BES

evidence of fraudulent sales ("abusive selling") to Banif, especially when it was already largely owned by the state,

In December 2014, Banif made the "sale" of the company. object of a resolution, by decision of the gou and from the Bank of Portugal, and since then, thousands of customers have announced that they felt wronged by the bank.

19659004] ALBOA has repeatedly stated that among the victims of Banif there are many low-skilled clients who, persuaded by the bank's commercials, have transferred savings deposits to bonds and give as an example "the Azores, where the witnesses say that

Among the clients of Banif affected by the situation and the resolution of the bank, there are 3,500 bondholders, most of them from the autonomous regions of Madeira and the Azores, but also from the communities Portuguese of South Africa, Venezuela and the United States, who lost 263 million euros.

In addition, there are 4000 Rentipar bondholders ("holding" by which the daughters of the founder of Banif, Horácio Roque, held their stake), which invested 65 million euros, and another 40,000 shareholders, of which 25 Following the Banif resolution, part of its activity was acquired by Santander Totta for 150 million euros, and the Oitante vehicle company was also created, where it was transferred the banking business that the buyer did not acquire

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