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Press Release of Banco de Portugal on Banif

Banco de Portugal is working alongside the Ministry of Finance in monitoring Banif's situation, safeguarding deposits and the stability of the financial system in accordance with the responsibilities of the central bank.

As has been disclosed by the Portuguese and European authorities, and by Banif's Board of Directors, Banif's restructuring plan is under review by the European Commission, in parallel with an international sale process for the bank, led by the Board of Directors.

Banco de Portugal is acting under its powers and responsibilities as Authority within the European Single Supervisory Mechanism.

Lisbon, 15 December 2015