Banco Português de Investimento (BPI, ) is a major privately owned

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

owned by Spanish bank

CaixaBank CaixaBank, S.A. (), formerly Criteria CaixaCorp, is a Spanish multinational financial services company. CaixaBank is based in Valencia, with operative offices in Madrid and Barcelona, Spain. It is Spain's third-largest lender by market value, ...

. It runs the banking business with companies, institutional and private clients. As ''Sociedade Portuguesa de Investimentos'' it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of €112.9 billion (in 2009). Chairman and CEO is

Fernando Ulrich Fernando Maria Costa Duarte Ulrich (born 26 April 1952 in Lisbon) is a Portuguese economist and banking administrator. He has been the chief executive officer of Banco Português de Investimento (BPI) since 2004. Early life and background The Ul ...

. The bank is headquartered in

Porto Porto or Oporto () is the second-largest city in Portugal, the capital of the Porto District, and one of the Iberian Peninsula's major urban areas. Porto city proper, which is the entire municipality of Porto, is small compared to its metropol ...

. 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 , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

Angola , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ...

and

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...

. 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 Portuguese Commercial Bank ( pt, Banco Comercial Português, BCP) is a Portuguese bank that was founded in 1985 and is the largest private bank in the country. BCP is a member of the Euronext 100 stock index and its current chief executive officer ...

, 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 Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exc ...

PSI-20 The PSI-20 (an acronym of Portuguese Stock Index) is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market cap ...

stock index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the pr ...

. 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. , 100 percent of the shares are held by the Spanish bank

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References

External links

* {{DEFAULTSORT:Banco Portugues de Investimento Banks of Portugal Banks established in 1981 Companies based in Porto CaixaBank