Governor of the Bank of Portugal only declared 1166 euros in bank accounts

The revelation is contained in the statement that Álvaro Santos Pereira delivered to the Transparency Entity in January.

The governor of the Bank of Portugal, Álvaro Santos Pereira, declared that he had just 1166 euros in current bank accountsaccording to the income and assets declaration submitted to the Transparency Entity (EpT) in January 2026.

The amount is distributed across three different accounts: 765 euros, 231 euros and 170 euros. Despite the reduced amount of liquidity, the person responsible earns a monthly salary of 19,915 euros since taking office on October 5, 2025.

In the document, Santos Pereira did not indicate savings in time deposits, financial investments or securities portfolios. Still, he declared that he was owner of a T3 house in the Algarve, with a heritage value of more than 433 thousand euros, says the .

The governor also revealed that he had invested in shares in companies such as Nestlé, The Navigator Company, Galp Energia and Jerónimo Martins, although without specifying the number of securities or the amount invested. According to a clarification from Banco de Portugal, these acquisitions, carried out between December 2025 and January 2026, totaled around 25 thousand euros. However, following guidance from the European Central Bank’s ethics committee, which considered holding shares incompatible with the position, the governor sold the securities in April.

The sale generated a added value of approximately 3000 eurosan amount that Santos Pereira decided to donate to a socially responsible institution. The decision followed a recommendation from the ECB, which determined the sale by June 30th, after official notification on April 1st.

According to law No. 52/2019, holders of political positions and senior public positions are required to submit detailed declarations of income and assets within 60 days of taking office. The required elements include annual income, real estate, vehicles, financial holdings and deposits.