Bank of Portugal to challenge court injunction on Novo Banco bonds

April 28, 2016 6:02 PM

14 0

LISBON, April 28 The Bank of Portugal will challenge a provisional injunction by a Lisbon court that suspends part of the central bank-ordered transfer of bonds from state-rescued Novo Banco back to "bad bank' Banco Espirito Santo (BES).

"There has been no definitive decision by the court," the central bank said in a statement on Thursday, adding that the injunction does not affect Novo Banco assets.

Also read: Hungarian central bank to give banks more time to build capital buffers

Read more

To category page