Tuesday, December 22, 2015

Prosecutor is examining the situation Banif – publico

                 

                         
                     
                         

                 

 
 

The prosecutors said on Tuesday it is considering “the elements that have come to public related to the situation of Banif”, in a reply sent to the agency Lusa.

According to the same source, the Attorney General’s Office “has not received so far any specific interest on the issue.”

The Government and the Bank of Portugal opted on Sunday to sell Banif Santander Totta, under the measure of resolution applied to the bank, whose majority holding belonged to the Portuguese State, in order to prevent its liquidation.

The operation “involves public support estimated at 2255 million, which are intended to cover future contingencies, of which 489 million euros for the resolution fund and 1 766 million directly from the state, “said the banking supervisor, ensuring that this solution” is the one that best protects the stability of the Portuguese financial system ” .

The government justified the Banif rescue the option to “overriding reasons in the public interest as it not only aims to prevent the liquidation of the bank, which would entail serious social consequences, such as the dismissal of their employees and the imposition of losses to their depositors. “

The rescue Banif will have consequences for taxpayers, assuming an increase in the budget deficit of one percentage point this year, but should also be implications in political terms, It is likely to create a parliamentary commission of inquiry, to which all parties have shown availability.

                     
                 

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