Bloomberg News

Espirito Santo Financial Sees Capital Needs at 1.5 Billion Euros

October 27, 2011

Oct. 27 (Bloomberg) -- Espirito Santo Financial Group SA said it would need 1.49 billion euros to meet new capital requirements, according to the European Banking Authority’s methodology.

The company has already presented capitalization plans to the Bank of Portugal, Espirito Santo Financial said today in a regulatory filing.

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


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