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Banco Português de Investimento

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Banco Português de Investimento S.A.
Company typeSociedade Anónima
Euronext: BPI
IndustryFinancial services
Founded1981
HeadquartersPorto, Portugal
Key people
Fernando Ulrich (CEO), Artur Santos Silva (Chairman)
ProductsRetail and investment banking, insurance, asset management, private equity
Revenue€1.181 billion (2015)[1]
€236.4 million (2015)[1]
AUM€17.91 billion (end 2015)[1]
Total assets€40.67 billion (end 2015)[1]
Total equity€2.835 billion (end 2015)[1]
Number of employees
8,529 (end 2015)[1]
ParentLa Caixa
Websitewww.bancobpi.pt

Banco Português de Investimento (BPI, Portuguese Investment Bank) is a major privately owned bank in Portugal owned by Spanish bank Caixabank. The bank's shares are listed in the Euronext Lisbon's PSI-20 stock index. It runs the banking business with companies, institutional and private clients. As Sociedade Portuguesa de Investimentos it was founded in 1981 by Artur Santos Silva. It is the third largest private Portuguese financial group with assets of €112.9 billion (in 2009). Chairman and CEO is Fernando Ulrich. The bank is headquartered in Porto. PSI-20

The commercial banking group Banco BPI has more than 1.4 million customers, individuals, businesses and institutions. Through its multi-channel distribution network with 674 branches, 30 investment centers and branches, the bank specializes in home loans through a network of outside companies. The bank is primarily active in Portugal and Spain, Angola and Mozambique. In Angola, BPI is the market leader in corporate banking and its activity reached a 25% market share on its 50.1% stake in Banco de Fomento Angola (BFA) with 750,000 customers (as at December 2010). In Mozambique, the BPI maintains a 30 percent stake in the bank BCI Fomento.

On 25 October 2007, BPI offered a merger proposal with Millennium BCP, the largest private bank of Portugal. However, the board of BCP rejected the proposal.

BPI branch at Praça Duque de Saldanha, Lisbon

The largest shareholders of BPI are (as of August 2017): 84,51 percent of the shares are held by the Spanish bank CaixaBank after the acquisition of 18,9 percent of shares held by the Brazilian group Itaú Unibanco,[2] and the German Allianz holds 8,43 percent.[3]

The logo represents an orange blossom. Oranges are a symbol of the Portuguese economic expansion, since some countries have got to know oranges in contact with the Portuguese traders, hence the choice of the logo for the identity of the bank; in some languages the word orange is a variation of the word Portugal. When it was launched, it was the most expensive logo of a Portuguese company.

References

  1. ^ a b c d e f "Annual Report 2015". Banco Português de Investimento. Retrieved 13 June 2016.
  2. ^ "Press release on the acquisition of Itau shares by CaixaBank". BPI. Retrieved 21 April 2012.
  3. ^ "Shareholders Structure". BPI. Retrieved 21 April 2012.
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