Portuguese Investment Bank better known as BPI (in pt: Banco Português de Investimento) is a Portuguese private investmentbank, currently owned by finance multinational CaixaBank. Founded in 1981, it runs the banking business with companies, institutional and private clients. It is the third largest private Portuguese financial group with assets of €112.9 billion (in 2009). Chairman and CEO is Fernando Ulrich. The bank is headquartered in Porto.
The commercial banking group Banco BPI has more than 1.4 million customers, individuals, businesses and institutions. Through its multi-channel distribution network with 674 branches, 30 investment centers and branches, the bank specializes in home loans through a network of outside companies. The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.
On 25 October 2007, BPI offered a merger proposal with Millennium BCP, the largest private bank of Portugal. However, the board of BCP rejected the proposal.
Until 2017 the bank's shares were listed in the Euronext Lisbon's PSI-20stock index. CaixaBank raised its stake from 45% to 84.5% in 2017, took the bank private, and then acquired all the remaining shares the following year. As of December 2018[update], 100 percent of the shares are held by the Spanish bank CaixaBank.[2]
Logoedit
The logo represents an orange blossom. Oranges are a symbol of the Portuguese economic expansion, as some countries had contact with the Portuguese traders involving the fruit; in some languages such as Arabic, Ladin, Albanian, Turkish and Romanian, the word orange is similar to the word Portugal. When it was launched, it was the most expensive logo design of a Portuguese company.[citation needed]
Referencesedit
^ abcdef"Annual Report 2015". Banco Português de Investimento. Retrieved 13 June 2016.
^"Shareholders Structure". BPI. Retrieved 21 April 2012.
banco, português, investimento, portuguese, investment, bank, better, known, portuguese, private, investment, bank, currently, owned, finance, multinational, caixabank, founded, 1981, runs, banking, business, with, companies, institutional, private, clients, t. Portuguese Investment Bank better known as BPI in pt Banco Portugues de Investimento is a Portuguese private investment bank currently owned by finance multinational CaixaBank Founded in 1981 it runs the banking business with companies institutional and private clients It is the third largest private Portuguese financial group with assets of 112 9 billion in 2009 Chairman and CEO is Fernando Ulrich The bank is headquartered in Porto Banco Portugues de Investimento S A Company typeSociedade AnonimaIndustryFinancial servicesFounded6 October 1981HeadquartersPorto PortugalKey peopleFernando Ulrich CEO Artur Santos Silva Chairman ProductsRetail and investment banking insurance asset management private equityRevenue 1 181 billion 2015 1 Net income 236 4 million 2015 1 AUM 17 91 billion end 2015 1 Total assets 40 67 billion end 2015 1 Total equity 2 835 billion end 2015 1 Number of employees8 529 end 2015 1 ParentCaixaBankWebsitewww bancobpi pt BPI branch at Praca Duque de Saldanha Lisbon The commercial banking group Banco BPI has more than 1 4 million customers individuals businesses and institutions Through its multi channel distribution network with 674 branches 30 investment centers and branches the bank specializes in home loans through a network of outside companies The bank is primarily active in Portugal and Spain Angola and Mozambique In Angola BPI is the market leader in corporate banking and its activity reached a 25 market share on its 50 1 stake in Banco de Fomento Angola BFA with 750 000 customers as at December 2010 In Mozambique the BPI maintains a 30 percent stake in the bank BCI Fomento On 25 October 2007 BPI offered a merger proposal with Millennium BCP the largest private bank of Portugal However the board of BCP rejected the proposal Until 2017 the bank s shares were listed in the Euronext Lisbon s PSI 20 stock index CaixaBank raised its stake from 45 to 84 5 in 2017 took the bank private and then acquired all the remaining shares the following year As of December 2018 update 100 percent of the shares are held by the Spanish bank CaixaBank 2 Logo editThe logo represents an orange blossom Oranges are a symbol of the Portuguese economic expansion as some countries had contact with the Portuguese traders involving the fruit in some languages such as Arabic Ladin Albanian Turkish and Romanian the word orange is similar to the word Portugal When it was launched it was the most expensive logo design of a Portuguese company citation needed References edit a b c d e f Annual Report 2015 Banco Portugues de Investimento Retrieved 13 June 2016 Shareholders Structure BPI Retrieved 21 April 2012 External links edit nbsp Banks portal Official website Retrieved from https en wikipedia org w index php title Banco Portugues de Investimento amp oldid 1206556296, wikipedia, wiki, book, books, library,
