Bank of Portugal Confirms Novo Banco Has Access to ECB Financing
2014-08-13 07:44:58.52 GMT
By Anabela Reis
Aug. 13 (Bloomberg) -- Novo Banco is “adequately
capitalized, having counterparty status for monetary policy
operations and, therefore, access to Eurosystem liquidity in
normal conditions like other national banks,” central bank
says.
* ECB credit to Banco Espirito Santo was transferred to Novo
Banco, Bank of Portugal says
* Bank of Portugal comments in e-mailed response to questions
* NOTE: ECB’s Governing Council on Aug. 1 decided to suspend
Banco Espirito Santo SA’s status as counterparty from Aug.
4, according to documents posted on Bank of Portugal’s
website
* NOTE: Aug. 4, Portugal Announces $6.6 Billion Banco Espirito
Santo Rescue NSN N9RYRJ6S972R <GO>
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Anabela Reis in lisbon at +351-21-340-4650 or
areis1@bloomberg.net
2014-08-13 07:44:58.52 GMT
By Anabela Reis
Aug. 13 (Bloomberg) -- Novo Banco is “adequately
capitalized, having counterparty status for monetary policy
operations and, therefore, access to Eurosystem liquidity in
normal conditions like other national banks,” central bank
says.
* ECB credit to Banco Espirito Santo was transferred to Novo
Banco, Bank of Portugal says
* Bank of Portugal comments in e-mailed response to questions
* NOTE: ECB’s Governing Council on Aug. 1 decided to suspend
Banco Espirito Santo SA’s status as counterparty from Aug.
4, according to documents posted on Bank of Portugal’s
website
* NOTE: Aug. 4, Portugal Announces $6.6 Billion Banco Espirito
Santo Rescue NSN N9RYRJ6S972R <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Anabela Reis in lisbon at +351-21-340-4650 or
areis1@bloomberg.net