Are moratoriums a time bomb? Only with the premature withdrawal of support for the economy, says BCP – Banca & Finanças


Miguel Maya, executive chairman of BCP, says he is optimistic about the evolution of the economy, but warns of the risk of withdrawing support for companies early. “We have to give the economy time to breathe”, defends the coach.

“I am very optimistic because I think the Portuguese entrepreneurial fabric has evolved over the last decade,” said Miguel Maya at the “Banca do Futuro” conference, organized by Negócios, this Tuesday.

Watch here the broadcast of the Great Meeting Banca do Futuro

Furthermore, the manager said, banks are now better prepared to respond to the current crisis than the previous crisis.

Even so, there are risks, namely if we “start taking off this support [às empresas] ahead of its time, “says Miguel Maya, stressing that he does not see moratoriums as a” time bomb “, but if we” withdraw support for the economy before companies “have liquidity.

On the other hand, Paulo Macedo, CEO of Caixa Geral de Depósitos, states that the issue of default “will depend on what will happen to companies” and if there will be a “sustainable exit” from this measure. In other words, whether there will be support for companies in the wake of default and an economic environment that allows these companies to tackle debt compliance, says the manager.

There is therefore “an active role on the part of businesses, the government and the banks themselves”, as the sector “wants to be part of this solution”, concludes Paulo Macedo.

Ad Expresso, the economy minister recently said that António Costa’s executive is already working on a plan to get out of the moratoriums, but points out great details.

The statements were made during the “Banca do Futuro” conference organized by Negócios this Tuesday. The event was attended by António Ramalho, CEO of Novo Banco, João Pedro Oliveira e Costa, CEO of BPI, Miguel Maya, president of the executive committee of BCP, Paulo Macedo, president of the executive committee of CGD, and Pedro Castro and Almeida, CEO of Santander Portugal.


Source link