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BCP's chairman says that the bank is now in a position to have more dispersed capital, and less in the hands of large investors, when there is news that the Chinese Fosun is considering selling its remaining 20% stake in the bank.
© Lusa
Economia BCP
Today, at the press conference to present the results of the first quarter (profits of 234.3 million euros), Miguel Maya said again that BCP intends to pay 50% of profits in dividends after the transition year that was 2023, in which BCP will pay 30% of profits in dividends, and considered that paying adequate dividends is essential for the bank to attract investors.
"A bank needs investors, that is very clear. Investors need to be remunerated to invest in a bank," he said in response to journalists.
The manager said that there was a period that was more difficult for the bank, with shorter capital ratios and in which it even needed to strengthen capital, in which it was very important to have "larger investors", such as Fosun and Sonangol.
Now, he said, the "bank's situation has nothing to do with those times" and BCP has "all the conditions to have a greater 'free float' [dispersed capital] as most European banks do".
BCP has 60% of its capital dispersed, he said, and there are large European banks that have 90%, considering that having more dispersed capital "is the norm, it is a natural path for the bank, which has solidity".
Fosun sold 5.6% of BCP's capital in early January, reducing its position, and there is news that both Fosun and Sonangol want to leave the capital structure.
According to the latest public information, the Fosun group has 20.03% of the capital, the Angolan oil company Sonangol 19.49% and the EDP Group 2.06%.
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