Banco BPI, S.A.
Publicly held company Head Office: Rua Tenente Valadim, no. 284, Porto, Portugal Share capital: € 1 293 063 324.98 Registered in Oporto C.R.C. and corporate body no. 501 214 534
INFORMATION
Translation of a Statement Released by Banco BPI on 19 April
"With reference to the statement issued today [on April, 19] by Santoro Finance, Banco BPI clarifies the following:
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- Banco BPI does not recognize the version of the facts presented.
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- Banco BPI fully maintains what it has communicated to the market in the press releases published on 10 and 17 April 2016.
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- In particular, Banco BPI reaffirms that it has been informed by Santoro Finance and CaixaBank, on 10 April, that on that day, the negotiations involving those entities to "find a solution to Banco BPI's breach of the large exposures limit" were "closed with success". Banco BPI also reaffirms that, as announced to the market on 17 April, when Santoro Finance requested changes to the contractual documents which translated the outcome of the negotiations that had been closed on 10 April, Santoro Finance disrespected what it had agreed regarding obligations that concerned only Santoro itself.
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- BPI clarifies that the statement, contained in Santoro's press release, that a meeting was scheduled with the BNA, which was not realized "for alleged unavailability of BPI's representatives" does not correspond to the truth. Indeed, such a meeting was never requested by BNA and therefore was never scheduled. The Bank states, in this respect, that it has always been and will always be available to respond to the requests of BNA, an institution with which it has always maintained and continues to maintain a full cooperating relationship.
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- Banco BPI takes note of Santoro's intention to "conduct this process in a way that addresses the interests of all involved parties, while respecting the principles of integrity and transparency".
Lisbon, 19 April 2016 Banco BPI, S.A."
Porto, 21 April 2016 Banco BPI, S.A.