ECB authorizes João Pedro Oliveira e Costa as CEO of BPI

After being authorized by the ECB, CaixaBank unanimously approved this Monday the composition of BPI's governing bodies for the 2020-2022 term. João Pedro Oliveira e Costa officially succeeds Pablo Forero.

João Pedro Oliveira e Costa is officially the successor of Pablo Forero in the leadership of BPI, after the European Central Bank (ECB) authorized the banker to take over the reins of the bank held by CaixaBank.

In a statement released by the Portuguese Securities Market Commission (CMVM), BPI reported that CaixaBank approved by “unanimous decision” this Monday the appointment of the members of BPI's governing bodies for the 2020-2022 term, after having authorized by the ECB on 27 November.

Thus, João Pedro Oliveira e Costa will be the chairman of the board of directors and will have a team of five people, composed by António Farinha Morais, Francisco Manuel Barbeira, Ignacio Alvarez-Rendueles and Pedro Barreto.

Fernando Ulrich remains as chairman of BPI.


Evaluation of BPI's CEO is already at the European Central Bank

Jornal Económico knows that the process is already in the European Central Bank, which is the final approval phase and a sign that João Pedro Oliveira e Costa will be confirmed as CEO soon.

BES: Banco de Portugal and the Public Prosecutor's Office are appealing for KPMG's acquittal

In response to Lusa, Banco de Portugal (BdP) states that it filed on Thursday “appeal to the Court of Appeal regarding the sentence handed down by the Competition, Regulation and Supervision Court in case No. 80 / 19.5YUSTR, which acquitted KPMG Portugal and five of its auditors of the condemnatory decision issued by Banco de Portugal in the administrative offense no. 100/14 / CO ”.

Counterfeit banknotes withdrawn from circulation by Banco de Portugal fall 26% in 2020

The largest number of counterfeit banknotes was 20 euros (6.292) and 50 euros (3.034), with 1.823 10 euro banknotes, 443 100 euro banknotes and 324 five euro banknotes.

Natixis wants to transfer more than 200 jobs to Porto

The Paris-based bank presented the plan to the unions earlier this week and that affected staff will be offered voluntary leave packages or new jobs.