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Advisory Board of the Banco de Portugal

The Advisory Board is chaired by the Governor, and is composed of the Vice-Governors, the former Governors, the Chairman of the Board of Auditors of the Bank, four members of recognised standing and professional experience in economic-financial and business matters, the Chairman of the Portuguese Banking Association, the Chairman of the Portuguese Treasury and Government Debt Management Agency and representatives of the Autonomous Regions of the Azores and Madeira appointed by the respective autonomous management bodies.

The Advisory Board issues non-binding opinions on the Annual Report of Banco de Portugal, the performance of the Bank arising from its tasks, and on subjects submitted to it by the Governor or by the Board of Directors.

Members of the Advisory Board 


Mário Centeno


Luís Máximo dos Santos 


Former Governors 

Carlos da Silva Costa

Vítor Manuel Ribeiro Constâncio

António José Fernandes de Sousa

Chairman of the Board of Auditors 

Nuno Gonçalves Gracias Fernandes

Four individuals of recognised competence in the areas of finance, economics and business

Francisco Anacleto Louçã

Francisco Luís Murteira Nabo

João Luís Ramalho de Carvalho Talone 

Luís Filipe Nunes Coimbra Nazaré

Chairman of the Portuguese Banking Association

Fernando Faria de Oliveira

Chairman of the Portuguese Treasury and Debt Management Agency

Cristina Casalinho

Representatives of the Autonomous Regions

Roberto de Sousa Rocha Amaral (Autonomous Region of the Azores)

Pedro Bettencourt Calado (Autonomous Region of Madeira)