Banco BIC Português, SA
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Portugal are obliged to participate in Portuguese deposit guarantee scheme.
In the case of Banco BIC Português, SA failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
Further Information: Deposit Guarantee Scheme in Portugal
ECB Minimum Reserves Requirements (MRR)
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
In 2013 total assets of Banco BIC Português, SA were 5 445.48 mln EUR. Growth compared to the previous period (2012) was 37.91%. The evolution of the total assets of Banco BIC Português, SA is shown at Chart 1 below.
Recent changes in total assets of Banco BIC Português, SA and its main components are shown in Table 1.
Recent changes in total liabilities of Banco BIC Português, SA and its main components are shown in Table 2.
Profit and Loss
Recent changes in gross profit of Banco BIC Português, SA and its main components are shown in Table 3.
In 2013 net income of Banco BIC Português, SA was 2.50 mln EUR. Decline compared to the previous period (2012) was -131.40%. The evolution of the net income of Banco BIC Português, SA is shown at Chart 2 below.
Related Information on Portugal