Portuguese Banking: Carving out a new role
Banco Comercial Português is the largest private-sector bank in its home market. Until the euro came on stream that meant it took the initiative and other banks responded. “People expected us to come out on top,” says Fernando Adão da Fonseca, chief strategist and head of the euro team. It’s nostalgic acknowledgement that a leading position in Portuguese banking is not decisive nowadays.
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