Banks face second wave of mergers

Banks face second wave of mergers

Headline: Banks face second wave of mergers Source: Euromoney Date: June 2000 Author: Jules Stewart Last year five private-sector banking groups dominated the Portuguese market. The number has now been whittled down to four. And next year? Jules Stewart reports António de Sousa “All we can say with certainty is that the next […]

Headline: Banks face second wave of mergers
Source: Euromoney
Date: June 2000
Author: Jules Stewart

Last year five private-sector banking groups dominated the Portuguese market. The number has now been whittled down to four. And next year? Jules Stewart reports

António de Sousa

“All we can say with certainty is that the next round of consolidation will be the one you weren’t betting on,” says António de Sousa, chairman of state-owned savings bank Caixa Geral do Depósitos (CGD). De Sousa says that in his previous role as governor of the Bank of Portugal he was often asked what he envisaged as the pattern for future bank mergers.

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Banks face second wave of mergers

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