Bloomberg News

Bank of Portugal to Pay 19 Million-Euro Dividend to State

May 02, 2012

The Bank of Portugal will pay the state a dividend of 18.7 million euros ($24.6 million) on its 2011 earnings, according to the central bank’s annual report.

The Lisbon-based Bank of Portugal also estimates it will pay about 201 million euros in tax. Net income fell to 31 million euros from 210 million euros in 2010 as the central bank increased provisions for credit risk.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net


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