Banco Comercial Português SA (BCP) Chief Executive Miguel Maya is giving priority to backing trade with China, O Jornal Económico reports.
The Portuguese newspaper, citing the BCP plan for growth in the next three years, says the main goals of the bank include supporting businesses in various regions in their trade relations with China.
The report says the major shareholder in BCP is Chinese conglomerate Fosun International Ltd, and that the bank has operations in Portugal, Poland and Switzerland, in Portuguese-speaking Angola and Mozambique, and in Macau.
The report says the plan envisages for the bank a stronger market position and tighter risk control in Angola, and sustainable growth in Mozambique.
Fosun-appointed director João Nuno Palma will be in charge of the BCP subsidiary in Macau, O Jornal Económico says.
