Banco Português de Investimento

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Banco Português de Investimento S.A.
Type Sociedade Anónima
Traded as EuronextBPI
Industry Financial services
Founded 1981
Headquarters Porto, Portugal
Key people Fernando Ulrich (CEO), Artur Santos Silva (Chairman)
Products Retail and investment banking, insurance, asset management, private equity
Revenue €1.099 billion (2010)1
Profit €184.8 million (2010)1
AUM €18.04 billion (end 2010)1
Total assets €45.66 billion (end 2010)1
Total equity €1.964 billion (end 2010)1
Employees 9,490 (end 2010)1
Website www.bancobpi.pt

Banco Português de Investimento (BPI), English: Portuguese Investment Bank) is a major privately owned bank in Portugal. The bank's shares are listed in the Euronext Lisbon's PSI-20 stock index. It runs the banking business with companies, institutional and private clients. As Sociedade Portuguesa de Investimentos it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of € 112.9 billion (in 2009). Chairman and CEO ist Fernando Ulrich. The bank is headquartered in Porto. PSI-20

The commercial banking group Banco BPI has more than 1.4 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.

BPI branch at Praça Duque de Saldanha, Lisbon

The largest shareholders of BPI are (as of August 2012): 46,22 percent of the shares are held by the Catalan bank CaixaBank after the acquisition of 18,9 percent of shares held by the Brazilian group Itaú Unibanco,2 the Angolan investor Isabel dos Santos holds shares of 19,4 percent and the German Allianz holds 8,8 percent.3

The logo represents an orange blossom. Oranges a symbol of the Portuguese economic expansion, since some countries have got to know oranges in contact with the Portuguese traders, hence the choice of the logo for the identity of the bank; in some languages the word orange is a variation of the word Portugal. When it was launched, it was the most expensive logo of a Portuguese company.

References

  1. ^ a b c d e f "Annual Report 2010". Banco Português de Investimento. Retrieved 24 July 2011. 
  2. ^ "Press release on the acquisition of Itau shares by CaixaBank". BPI. Retrieved 21 April 2012. 
  3. ^ "Shareholders Structure". BPI. Retrieved 21 April 2012. 

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