Corporate and Investment Banking in Portugal
Corporate banking in Portugal in the mid-1980s was related to the regular commercial banking needs of small and medium enterprises (SME), mainly from the manufacturing and services sectors. The offer portfolio was mainly composed of products and services for short-term financial loans (based on working capital needs, such as overdrafts or hot money for very short-term loans) and commercial loans (based on trade financing needs, such as factoring and confirming, or similar instruments). The main players in the Portuguese market were banks with a wide tradition in short-term loans such as Banco Espírito Santo and Banco Português do Atlântico (later merged with Millennium bcp), Banco do Fomento Exterior (acquired by BPI, Banco Português de Investimentos) as a main specialist in industrial promotion based on mid- and long-term loans for capacity increases, and Banco Nacional Ultramarino (later merged with Caixa Geral de Depósitos) with a huge tradition in trade finance loan instruments due to the trade of goods between Portugal and overseas territories during colonial times.
KeywordsVenture Capital European Central Bank Private Equity Investment Banking Venture Capital Fund
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