Banco BPI
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Company type | Subsidiary |
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| Defunct | Script error: No such module "WikidataIB". |
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| Headquarters | Porto, Portugal |
Key people | Fernando Ulrich (CEO), Artur Santos Silva (Chairman) |
| Products | Retail and investment banking, insurance, asset management, private equity |
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| AUM | €17.91 billion (end 2015)[1] |
| Total assets | Script error: No such module "WikidataIB". |
| Total equity | €2.835 billion (end 2015)[1] |
Number of employees | Script error: No such module "WikidataIB". |
| Parent | CaixaBank (100%) |
| Website | www.bancobpi.pt |
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Banco BPI, formelly Banco Português de Investimento (Script error: No such module "IPA"., "Portuguese Investment Bank"), 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.
The commercial banking group Banco BPI has more than 1.8 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
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.[<span title="Script error: No such module "decodeEncode".">citation needed]
See also
References
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- ^ a b c d e f Page Module:Citation/CS1/styles.css has no content."Annual Report 2015". Banco Português de Investimento. Retrieved 13 June 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Shareholders Structure". BPI. Retrieved 21 April 2012.
External links
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