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Board of Directors of the Banco de Portugal

The Board of Directors of the Banco de Portugal is comprised of the Governor, who chairs, one or two Vice-Governors, and three to five Directors. The appointment of members of the Board of Directors shall ensure a minimum representation of 40% of each gender.

The members of the Board of Directors of the Banco de Portugal are chosen from among persons of recognised standing, sense of public interest, professional experience, management skills, as well as technical knowledge and competence relevant to the performance of their duties.

The Governor and the other members of the Board of Directors are appointed by means of a resolution of the Council of Ministers, on a proposal from the member of Government responsible for Finance and after a reasoned opinion from the competent parliamentary committee. They hold a term of office of five years, renewable once for an equal term.

The Governor and the other members of the Board of Directors are independent in accordance with the Statute of the European System of Central Banks and of the European Central Bank (ESCB/ECB) and shall not seek or take instructions from Community institutions, the State sovereign bodies or any other institutions.

The members of the Board of Directors are immovable and may only be relieved from office under the circumstances provided for in Article 14(2) of the ESCB/ECB Statute. The relief from office occurs by means of a resolution of the Council of Ministers, on proposal from the Minister of Finance. The members of the Board of Directors vacate office upon expiry of their term of office, or due to permanent disability, resignation or legal incompatibility.

The Board of Directors is responsible for all acts required to accomplish the purposes assigned to the Bank and which do not fall within the exclusive competence of other statutory bodies. On a proposal from the Governor, the Board of Directors assigns its members responsibilities over one or more departments.

Amongst other aspects, it is incumbent on the Governor to carry out the tasks of member of the Governing Council and of the General Council of the ECB, pursuant to the provisions laid down in the Treaty on the Functioning of the European Union and the ESCB/ECB Stature, in addition to representing the Bank and acting on its behalf before foreign or international institutions.


Governador Mário Centeno

Mário Centeno

Governor. PhD in Economics at Harvard University.

He was appointed Governor on July 2020.

 

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Luís Máximo dos Santos

Vice-Governor. He graduated and has a Master’s degree in Law from the University of Lisbon School of Law.

He was appointed Vice-Governor in September 2017.

 

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Clara Raposo

Vice-Governor. She holds a PhD in Finance from London Business School – University of London, a Master’s Degree in Economics from Westfield College – Queen Mary University of London and a degree in Economics from the Nova School of Business and Economics – Universidade Nova de Lisboa. 

She was appointed Vice-Governor in November 2022.

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Hélder Rosalino

Director. He graduated and has a Master’s degree in Management from ISCTE of the Technical University of Lisbon. 

He was appointed Member of the Board of Directors in September 2014.

 

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Helena Adegas

Director. She has an Economics Degree from the Universidade Católica Portuguesa, two post-graduate degrees in European Studies and Bank Management from the same university, and an MBA from INSEAD.

She was appointed Member of the Board of Directors in November 2022.

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Rui Pinto

Director. He holds a Degree in Business Administration and Management from the Lisbon School of Business and Economics – Universidade Católica Portuguesa and is a Chartered Financial Analyst. He attended the Global Senior Management Program at the IE Business School and the University of Chicago Booth School of Business. 

He was appointed Member of the Board of Directors in November 2022.

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