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Meet The Law - Banking & Finance

Super Deposits - Alert no. 7/2011 and no. 8/2011 from the Bank of Portugal

27/10/2011

With alerts no. 7/2011 from the 25th of October ("Aviso n.º 7/2011") and 8/2011 of 25th of October ("Aviso n.º 8/2011") the Bank of Portugal introduced rules that penalize the banks' own capital when they offer the so-called "super deposits" – i.e. deposits considered to have a high interest rate.

Please check the PDF for more detailed information (Portuguese version only).

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Meet The Law - Banking & Finance
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Picture of Francisco Xavier de Almeida
Francisco Almeida
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Lisbon