Building the Sovereign Bank: The Vision of BPF’s CEO, in an Interview with ECO

In the interview, published today in the "Portrait” section, Gonçalo Regalado emphasized the strategic vision of positioning BPF as the Sovereign Bank of Portugal, focusing on companies and entrepreneurs: agile, close, efficient, delivering impactful results with immediate economic effects.

"The focus is on companies and entrepreneurs. We work for them. From morning to night. The entrepreneur is the Holy Grail of the Bank; they come first," he stated.

Highlighting the role of the Sovereign Bank of Portugal as a driver of investment serving the country and the economy, he revealed that €2.75 billion in guarantees had been produced up to August.

He added, "If the Portuguese Development Bank produces, as we expect, in partnership with commercial banks, €4.7 billion in guarantees—excluding the Covid year, when €9.1 billion were produced—the Portuguese Development Bank will have its best year in the last 15."

"You need to be at service and present even when it is difficult because our private, personal, and family life does not always accommodate it."

"The main indicators by which the bank should be evaluated are investment, growth, development, exports, and employment."

"I feel great when I am with entrepreneurs."

"Because a sovereign bank cannot be a subservient bank," he warns. "The Development Bank cannot be subservient to commercial banks, investment and capital funds, Banco de Portugal or the Central Bank, nor to auditors, reviewers, or regulators."

Working with "the home team."

"Being president of the Development Bank is being president of the Nation’s Bank, being president of the Sovereign Bank of Portugal."

Read the full interview: eco.sapo.pt

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