Bloomberg News

Banif to Resort to State Aid to Bolster Capital, Negocios Says

March 23, 2012

Banif SGPS SA (BNF), a Portuguese lender, is likely to resort to a portion of aid set aside by the government for non-state banks, Jornal de Negocios reported, citing the bank’s chief executive officer, Jorge Tome.

Banif will have to bolster its capital, and it’s natural that the bank resort to the state’s capitalization line in that process, Tome said, according to the Portuguese newspaper.

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To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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