Bloomberg News

Banco BPI Says It Will Study All Options for Increasing Capital

October 27, 2011

Oct. 27 (Bloomberg) -- Banco BPI SA, a Portuguese bank, said it will study different options to meet new capital requirements, including the possibility of using a 12 billion- euro recapitalization facility for Portuguese lenders that’s part of the country’s financial assistance program.

The increase in capital needed in BPI’s case is 1.7 billion euros, based on preliminary figures provided by the European Banking Authority, Oporto, northern Portugal-based BPI said today in a regulatory filing.

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net


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