Bloomberg News

BCP to Study Options Including Using Recapitalization Facility

October 27, 2011

Oct. 27 (Bloomberg) -- Banco Comercial Portugues SA 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 Portuguese bank will continue to carry out plans to increase its capital ratios including deleveraging and “the restructuring of its international portfolio,” the Oporto, northern Portugal-based lender said today in a regulatory filing. Banco Comercial said its capital requirement is about 1.75 billion euros after measures carried out since June 30 are taken into account.

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


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