ESFG

(redirected from Espirito Santo Financial Group)
AcronymDefinition
ESFGEspirito Santo Financial Group
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References in periodicals archive ?
the disclosure of Espirito Santo Financial Group's (ESFG, BES's holding
JUAN VILLALONGA, former prexy of Spanish telco Telefonica ousted for alleged insider trading, has joined the board of Portugal's Banco Espirito Santo Financial Group. It holds 10% of telco Portugal Telecom (PT).
Espirito Santo Financial Group, which holds a 25 percent stake in BES, had previously named Vitor Bento as CEO of the bank and Joao Moreira Rato as chief financial officer.
17 February 2014 - Louxembourg-based financial services company Espirito Santo Financial Group (LON:EOS), or ESFG, said its wholly-owned subsidiary Espirito Santo Financiere SA had sold its 44.81% stake in French bank Banque Espirito Santo et de la Venetie (BESV) to Portuguese lender Banco Espirito Santo SA (ELI:BES).
Caixa Geral de Depositos (CGD), Millennium bcp (ELI:BCP), Banco Espirito Santo (ELI:BES), Banco BPI (ELI:BPI), Banco Santander Totta, Montepio, Banif (ELI:BNF), Banco Portugues de Negocios (BPN) and Espirito Santo Financial Group (LUX:ESTL), or ESFG, suffered a downwards revision of their senior debt and deposit ratings by one or two notches.
He currently serves as a board member of Espirito Santo Financial Group (www.esfg.com), Axiata (www.axiata.com) and is a director of Idea (www.idea.com).
"This project is an outgrowth of the Espirito Santo family's long faith in the spirit of free trade and commitment to serving the Americas," said Ricardo Espirito Santo Salgado, chairman and president of the board of directors of Espirito Santo Financial Group S.A.
Espirito Santo Financial Group, BES' biggest shareholder with 25 percent stake, had previously proposed Amilcar Morais Pires, currently the bank's chief financial officer, as the new executive chairman.
BES holds 10% of Saxo Bank, which is equally divided between the bank and its parent Espirito Santo Financial Group (LUX:ESTL), or ESFG.
The credit rating of Banif (ELI:BNF) decreased to BBB from BBB+ and that of Espirito Santo Financial Group (LUX:ESTL) fell to BBB+ from A-.