Miguel Maya on Novobanco: “BCP analyses all operations that go to the market and that can create value for shareholders”

During the presentation of the annual accounts, the CEO of BCP was asked about the fact that he had a team studying Novobanco. In his response, he maintained his previous statement that they are on the path of organic growth. Having said that, he admitted that “it is our obligation to analyze all operations that come to the market. We therefore analyze all operations that go to the market that can create value for our shareholders”.

Regarding the fact that Novobanco is going public, as announced by the bank's CEO, Mark Bourke, Miguel Maya said that “it is better to be accompanied than alone on the stock exchange”, as BCP is the only bank on the PSI.

Regarding the value of the five billion euros attributed to Novobanco, the CEO of BCP was ironic, saying that he is happy because, if so, “how much will BCP be worth?”

Regarding the systemic risk warnings left by the Governor of the Bank of Portugal, when he said that a purchase of Novobanco by Caixa Geral de Depósitos could bring systemic consequences for the financial system, Miguel Maya said that he trusts the Governor's knowledge to say this.

The administration led by Nuno Amado (Chairman) and Miguel Maya (CEO) ends its term at the end of this year. Asked about continuity, particularly because the bank has a strategic plan for a horizon from 2025 to 2028, Nuno Amado said that “there will be continuity”.