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NNA - Hermel top Lebanese ecotourism region
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Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-8
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Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-7
Element of the strike picketing outside the headquarters of the Logistics Fuel Company (CLC) in Aveiras de Cima, during ...
Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-6
Elements of the strike picketing outside the headquarters of the Logistics Fuel Company (CLC) in Aveiras de Cima, during ...
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Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-5
Presidente of the national drivers union Francisco São Bento (L) talks with elements of the strike picketing outside the headquarters...
Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-4
Presidente of the national drivers union Francisco São Bento talks to the journalists outside the headquarters of the Logistics Fuel...
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Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-3
Presidente of the national drivers union Francisco São Bento outside the headquarters of the Logistics Fuel Company (CLC) in Aveiras...
Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-2
Coordinator of the strike picketing Antonio Medeiros (L) talks to the journalists outside the headquarters of the Logistics Fuel...
Lusa - Business News - Fifth day on strike of dangerous goods drivers in Portugal-1
Coordinator of the strike picketing Antonio Medeiros (L) outside the headquarters of the Logistics Fuel Company (CLC) in Aveiras de...
Lusa - Business News - CORRECTION: Lorry drivers' union 'ready to suspend strike' for talks
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Lusa - Business News - Portugal: Powder found in Swiss plane at Lisbon airport 'no danger to health'
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Lusa - Business News - Cabo Verde: Government plans Russia mission to sign deals on tourism, investment
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Lusa - Business News - Mozambique: New power transmission line to connect Mozambique with Malawi
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Lusa - Business News - Mozambique: State owned oil company insolvent - chairman
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Lusa - Business News - Sao Tome: Portugal to finance €3M education programme
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CNA - المتحدث الرسمي يخبر وفد بلدة مورفو بأن الرئيس يهدف إلى التوصل إلى اتفاق مشرف
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قال المتحدث الرسمي باسم الحكومة برودروموس برودرومو أن هدف الرئيس نيكوس أناستاسيادس هو التوصل إلى اتفاق مشرف وإلى تسوية عملية وقابلة...
Lusa - Business News - Portugal: Notary workers union calls off proposed strike
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Lusa - Business News - Mozambique: Sale of Occidental operations toTotal to strengthen LNG project
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Lusa - Business News - Portugal: Drivers' Union suspends strike temporarily
Lisbon, Aug. 16, 2019 (Lusa) – Portugal’s National Union of Dangerous Goods Drivers (SNMMP), on Friday afternoon, announced a temporary...
CNA - وفد من بلدية مورفو يسلم رسالة إلى رئيس البرلمان بالوكالة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
استقبل رئيس البرلمان بالوكالة آدموس أدامو وفداَ من بلدية مورفو برئاسة فيكتوراس حاجي افرام رئيس البلدية، الذي سلمه رسالة تعبر عن...
Lusa - Business News - Mozambique: Government to compensate denouncers of precious stone smugglers
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Lusa - Business News - Cabo Verde: Internet banking up 21% boosted by mobile phone top-ups
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Lusa - Business News - Cabo Verde: New maritime transport concession starts off with 13 trips
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CNA - Eurostat: Cyprus recorded a trade deficit of €2.4bn in the first six months of 2019
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Lusa - Business News - Portugal: Dangerous goods drivers to continue struggle - Leader
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CNA - Total assets of investment funds up by 4% in the 2nd quarter
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Lusa - Business News - Portugal: PSI20 opens 0.37% up at 4,735.35 points
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Lusa - Business News - Portugal: Fifth day of truckers' strike begins with one less union in protest
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Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Aug. 16, 2019 (Lusa) – As yet another trucker union settles with the bosses the wild cat is more...
Lusa - Business News - Portugal: BCP bank shares fall due to macroeconomic uncertainties - CEO




Lisbon, Aug. 13, 2019 (Lusa) – Portugal’s Millennium BCP’s CEO said he attributes the recent devaluation of the bank's shares to aggravating macroeconomic uncertainties and to the prospect of maintaining negative interest rates but that he is convinced that the strategic plan will be implemented by 2021.
He said that he is convinced that the main goals of the strategic plan (2018-2021) that they presented to the market will be fully met, notwithstanding the greater complexity of the macroeconomic environment, as the delivery capacity of the bank's teams and the strengthening of the commercial dynamics that they have been presenting to the market, quarter after quarter, will offset the loss of revenue resulting from the pressures on net interest income, said Miguel Maya in a written response to questions from Lusa.
Despite admitting - without specifying - some "adjustments" to aspects of the strategic plan, the Maya said that the goals set are to be met.
Recalling that Millennium BCP's way of being in recent years involves defining a plan, implementing the plan, adjusting initiatives and fulfilling the plan, Maya said that the evolution in the coming quarters will allow them to prove the value of Millennium BCP that the markets will, in due course, make an appreciation less marked by the macroeconomic uncertainties of the present.
Regarding the factors that may be at the root of the devaluation of the bank's securities, which on Monday negotiated below 20 cents for the first time in almost two years, Maya said that the action of Millennium BCP has reacted very intensely to the change in the perception of the markets about the implications for the banking sector of a macroeconomic environment.
An environment, he said, characterised by high unpredictability and marked by the cooling of world economic growth, strong global trade tensions, the greater probability of a 'hard Brexit' and the political crisis in Italy.
Miguel Maya said he believes that the worsening of macroeconomic uncertainties and the prospect of maintaining negative interest rates for an even broader period have altered the markets' sentiment regarding the profitability of the financial sector in general and Millennium BCP in particular, which is the only bank listed in Portugal to focus on corrections.
The correction seen over the past few weeks, he said, has led Millennium BCP to align with the evolution and valuation of the main Spanish and European banks.
PD/IMYN // ADB.
Lusa


Agency : LUSA

Date : 2019-08-14 10:00:30







 

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