• Most Popular
  • Most Shared

Millennium bcp sees no need for assets sale-CEO

Fri Nov 6, 2009 5:48am EST

Stocks

   

WARSAW, Nov 6 (Reuters) - Portugal's Millennium bcp (BCP.LS) sees no need to sell any of its assets and does not expect a 1 billion zlotys ($348.2 million) rights issue by its Polish arm to affect the group's capital position, its chief executive said.

Financials

"We have quite well balanced portfolio, we are happy with what we have," Carlos Santos Ferreira said on Friday.

Millennium bcp has 65 percent of Polish lender Millennium Bank BIGW.WA. ($1=2.872 Zloty) (Reporting by Piotr Bujnicki, writing by Chris Borowski)

Financials


More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

» More Top News
Traders work in the pits at the The New York Mercantile Exchange, November 7, 2007. REUTERS/Brendan McDermid

Calling the market

A spectacular credit bust, two devastating stock market crashes ... the smart call this decade was to play it safe.  Full Article 

Global Markets
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary