In a statement, the Ministry of Finance ensures that the sale will ensure the maintenance of the current structure of the national banking market. He says the purchase by the French group is an important sign of trust in investors in the country and in the Portuguese economy.
Government source told SIC that this is “A great victory for Portugal. One of the largest European banks, which has no synergies in Portugal, pays 1.5xo Book Value from a Portuguese bank. We maintain the bank market structure and have a very focused player in credit to companies.”
In a statement sent to the newsrooms, the Ministry of Finance, led by Joaquim Miranda Sarmento, explains that “This operation concludes a long process, which began with the resolution of BES and subsequent alienation, in 2017, from Novo Banco to Lone Star, contributing to safeguard the stability of the Portuguese financial system.”
“BPCE’s purchase represents to Portugal a very important sign of the trust of international investors in our country and in the national economy. BPCE is a bank of high credibility, solidity and performance. BPCE’s proposal will allow the creation of value and support to the national economy and Portuguese companies.”
This operation allows the ministry, also“A greater diversification of investors and shareholders of the banks operating in Portugal, thus avoiding unnecessary geographical concentration, as the government warned and was against it. “
Also guarantees the “Maintenance of the current structure of the national banking market, without problems resulting from a possible concentration process, namely a restructuring, and safeguard the competition levels in the Portuguese banking system.”
BPCE is the second largest French bank and one of the largest in Europe. This sale, associated with the distribution of dividends of the new bank that occurred in 2025, will allow the Portuguese State “The recovery of almost 2 billion euros from the injected public funds in the institution.”
