Bank of portugal says following Banif bank situation

December 15, 2015 12:19 PM

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LISBON Dec 15 The Bank of Portugal said on Tuesday it is following the financial situation of Banif, adding that it guarantees the stability of the financial system and Banif bank deposits.

The Bank of Portugal added in a statement that Banif is carrying out a restructuring plan and is progressing with the sale of the state's 60.5 percent stake in the bank.

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