BCP’s share price has underperformed the European bank sector by 60% since January 1999. What are you doing to address this problem? The share price is under pressure. This is partly due to the economic downturn in Portugal. BCP also has some exposure to the insurance sector and this is another factor. During this past year when the share price was depressed, the key issue was the bank’s capital ratios. To some extent this was a self-fulfilling prophesy because capital was depressing the share price which in turn put added capital pressure on the bank.
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