Carlos Costa (banker)

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Carlos Costa
Carlos Costa, Governor, Banco de Portugal
Governor of the Bank of Portugal
Assumed office
7 June 2010
Preceded by Vítor Constâncio
Personal details
Born (1949-11-03) 3 November 1949 (age 66)
Oliveira de Azeméis, Portugal
Nationality Portuguese
Alma mater University of Porto
Occupation Economist

Carlos da Silva Costa (born November 3, 1949 in Oliveira de Azeméis) is a Portuguese economist and the current governor of the Bank of Portugal since June 7, 2010.[1]


Carlos Costa started his career in 1973 as a lecturer in economics at the University of Porto and graduated there.[2] Following his graduation he continued his studies at Sorbonne[3] and then in 1981 went to the former Banco Português do Atlântico, now Banco Comercial Português (BCP), research department. As a member of the EU’s economic policy committee from 1986 to 1992, he was engaged in European integration before becoming chief of staff of the Portuguese European commissioner from 1993 to 1999.

In 2006 he became vice president of the European Investment Bank[4] and responsible for banks' funding financing operations in Spain, Portugal, Belgium and Luxembourg, as well as in Asia and South America. Prior to that, he had positions on the board of directors at Caixa Geral de Aposentações, a bank for pension funds, Banco Nacional Ultramarino and Itaú Unibanco holdings.

On 22 April 2010 Costa was nominated for a five-year-term by the Portuguese government, recommended by the Finance minister Teixeira dos Santos. He replaced Vítor Constâncio, who became vice president of the European Central Bank on June 1, 2010.


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