Caixa Geral de Depósitos, Portuguese bank SA in Funchal, Madeira, Europe.
Portugal's central bank has sought to steady investors' nerves by stating that Banco Espirito Santo does not need extra funds. Banco Espirito Santo itself has said it has sufficient finances to deal with its parent company's debt problems. Worries about the financial strength of the bank's parent company hit global stock markets on Thursday. The central bank said investors had "no reason to doubt" the security of funds, and savers had "no need to be worried". Restructuring plan On Thursday, shares in both Banco Espirito Santo (BES) and Espirito Santo Financial Group - which holds a 25% stake in BES - fell sharply on worries about the financial health of the Espirito Santo group.
Size: 4878px × 3252px
Location: MADEIRA PORTUGAL
Photo credit: © MediaWorldImages / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: banco, bank, banking, banks, biggest, branch, building, buildings, caixa, central, centro, cgd, cgds, city-centre, comercial, commercial, corporation, credit, de, deposits, depósitos, espirito, eu, finance, financial, foreign, forum, funchal, general, geral, institution, institutions, international, madeira, operations, portugal, portugals, portuguese, public, rank, resources, santo, sector, services, state-controlled, state-owned, street, streets, streetscape, structure, taxi
