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BANIFBanco Internacional do Funchal (Portuguese bank)
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25 billion of state aid to cover the funding gap in the resolution of Portuguese bank Banco Internacional do Funchal S.
Portuguese lender Banco Internacional do Funchal is to be split into a good and bad bank.
Banco Internacional do Funchal, Banif, had trouble repaying an injection of EUR1.
24 September 2013 - Portugala[euro](tm)s Banif Banco Internacional do Funchal SA (ELI:BANIF) will start next month a process to dispose of its unit in Brazil with the aim of completing a sale by the end of 2013, according to a spokesman cited by Reuters on Tuesday.
The IDRs and SRF of lender Caixa Economica Montepio Geral (Montepio) and Banif - Banco Internacional do Funchal have been affirmed at BB and B, respectively.
Starting professional activity in the banking sector in 1985, Machado Fernandes has worked with Bank of Lisbon & South Africa, Banif Banco Internacional do Funchal, SA in Portugal - and was instrumental in the integration of the Treasury and Financial Markets Departments.
1 billion granted by Portugal to Banco Internacional do Funchal S.
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