Banco Português de Investimento

Banco Português de Investimento S.A.

Type	Sociedade Anónima
Traded as	Euronext: BPI
Industry	Financial services
Founded	1981
Headquarters	Porto, Portugal
Key people	Fernando Ulrich (CEO), Artur Santos Silva (Chairman)
Products	Retail and investment banking, insurance, asset management, private equity
Revenue	€1.099 billion (2010)[1]
Profit	€184.8 million (2010)[1]
AUM	€18.04 billion (end 2010)[1]
Total assets	€45.66 billion (end 2010)[1]
Total equity	€1.964 billion (end 2010)[1]
Employees	9,490 (end 2010)[1]
Website	www.bancobpi.pt

Banco Português de Investimento (BPI, English: Portuguese Investment Bank) is a major privately owned bank in Portugal. The bank's shares are listed in the Euronext Lisbon's PSI-20 stock index. It runs the banking business with companies, institutional and private clients. As Sociedade Portuguesa de Investimentos it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of € 112.9 billion (in 2009). Chairman and CEO ist Fernando Ulrich. The bank is headquartered in Porto. PSI-20

The commercial banking group Banco BPI has more than 1.4 million customers, individuals, businesses and institutions. Through its multi-channel distribution network with 674 branches, 30 investment centers and branches, the bank specializes in home loans through a network of outside companies. The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.

BPI branch at Praça Duque de Saldanha, Lisbon

The largest shareholders of BPI are (as of April 2012): 49 percent of the shares are held by the Catalan bank CaixaBank after the acquisition of 18,9 percent of shares held by the Brazilian group Itaú Unibanco^[2], the Angolan investor Isabel dos Santos holds shares of 9.99 percent and the German Allianz holds 8.8 percent. ^[3]

On 25 October 2007, BPI offered a merger proposal with Millennium BCP, the largest private bank of Portugal. However, the board of BCP rejected the proposal.

References

1. ^ ^{a b c d e f} "Annual Report 2010". Banco Português de Investimento. http://bpi.bancobpi.pt/storage/download/ficheiro.54C95FF4-1295-42C6-A4F3-BBC3C15A35F2.1.pt.asp?id=03AC3009-DA27-4F81-AA3C-24D906AC568F. Retrieved 24 July 2011. 
2. ^ "Press release on the acquisition of Itau shares by CaixaBank". BPI. http://bpi.bancobpi.pt/storage/download/ficheiro.E2C9E097-1AA3-42A3-B7F9-9F2B158C48DB.1.pt.asp?id=76CE7DCC-0C70-4154-8AD4-94AF6D68EDBB. Retrieved 21 April 2012. 
3. ^ "Shareholders Structure". BPI. http://bpi.bancobpi.pt/index.asp?riIdArea=AreaAccionistas&riChgLng=1&riLang=en&riId=AAccionista&riIdTopo=. Retrieved 21 April 2012. 

External links

• Official website

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