It is one of the main results achieved by the administration of Eduardo da Cunha Stock ahead of New Bank (NB). After the significant outflow of deposits by the end of August, September marked the beginning of recovery of deposits. Were € 4.2 billion by the end of 2014, to which they add another € 2 billion in the first five months of this year, you know the Express.
A total of well over € 6 recovered billion of deposits, bringing the NB to overcome for the first time, the BES on a comparable basis, this key indicator. That is, comparing May this year to May 2014, NB has already more customer deposits than the BES had at the time, when considering only the universe that was in NB after the resolution.
About 40% of the funds that came out of BES / NB the ‘hot summer’ last year ended up to CGD or savings certificates. The lack of confidence was the critical issue for customers, who sought refuge in public bank and government securities.
Read more in the weekend edition.
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