Pedro Leitão, the CEO of Banco Montepio, has been leading the institution since January 9, 2020, and was reconfirmed for the triennium 2022-2025 on July 25, 2022. He holds multiple roles, including the presidency of the executive board and membership in the general council of the AEM (Associação de Empresas Emitentes de Valores Cotados em Mercado) and the fiscal council of Oeiras International School. This demonstrates his significant involvement in both the financial sector and educational institutions.
In an interview, pedro Leitão expressed his disappointment with the modest allocation of 5 million euros to Banco Montepio under a public guarantee measure. he highlighted that the numbers were “decepcionantes” (disappointing) and did not reflect the bank’s needs or contributions to the financial sector [2].
In another context, during a discussion related to the #Agenda2030, Pedro Leitão emphasized the bank’s commitment to sustainability and global goals, as seen in his participation in events like the MinutoCOP28 [3].
Regarding the bank’s financial health and future,Pedro Leitão announced that Banco Montepio will distribute dividends to its shareholders. The amount for 2023 will be higher than the previous year, reflecting the bank’s continued profitability. He also stated that the bank has completed its resizing process and sees no need to alter its solvency criteria [1].
Leitão acknowledged the growth of non-compliance (NPL) but assured that it does not represent a material risk as long as the economic and financial scenario remains stable. He noted that NPL levels are already low and the bank aims to keep them aligned with or slightly below the market average [1].Pedro Leitão underscored the importance of fiscal stability and public administration reform for the country’s economic strength. He called for understanding and cooperation among political parties to achieve these goals, emphasizing the need for efficient public organizations to successfully implement projects [1].
For more detailed details, you can refer to the following sources:
- 1]:[JornalEconómico[JornalEconómico[JornalEconómico[JornalEconómico
- 2]:[JornaldeNegócios[JornaldeNegócios[JornaldeNegócios[JornaldeNegócios
- 3]:[MinutoCOP28[MinutoCOP28[MinutoCOP28[MinutoCOP28
In a recent interview, Pedro Leitão, the CEO of Banco Montepio, shared insights on the bank’s leadership, financial health, sustainability commitments, and views on the country’s economic future. Here’s a detailed look at the discussion between the Senior Editor of world-today-news.com and Pedro leitão.
Leadership and roles
Table of Contents
World-Today-News Editor: Pedro,you’ve been at the helm of banco Montepio since January 2020. Could you provide an overview of your role and responsibilities there?
Pedro Leitão: Certainly. Since January 9, 2020, I’ve been leading Banco Montepio, which includes presiding over the executive board. Additionally, I am part of the general council of the AEM (Associação de Empresas Emitentes de Valores Cotados em Mercado) and the fiscal council of Oeiras international School, reflecting my significant involvement in both the financial sector and educational institutions.
Public Guarantee Measure Disappointment
World-Today-News Editor: You recently expressed disappointment with the public guarantee allocation for Banco Montepio. Could you elaborate on your outlook?
Pedro Leitão: The allocation of 5 million euros was quite modest and did not truly reflect our needs or the contributions we make to the financial sector. We find the numbers decepcionantes, as they do not account for our contributions and necessities.
Commitment to Sustainability
World-Today-News Editor: You’ve been vocal about sustainability and global goals, participating in events like MinutoCOP28. How does Banco Montepio incorporate these commitments into its operations?
Pedro Leitão: Our commitment to sustainability is deeply integrated into our operational strategies and decision-making processes. We actively participate in events like MinutoCOP28 to emphasize our dedication to global sustainability goals and environmental preservation.
Bank’s Financial Health and Future
World-Today-News Editor: What can you tell us about Banco Montepio’s financial health and future prospects?
Pedro Leitão: We will be distributing dividends to our shareholders for 2023, with the amount being higher than the previous year, indicating continuing profitability. We have also completed our resizing process and see no need to alter our solvency criteria.
non-compliance (NPL) Risk Management
World-Today-News Editor: There has been talk about the growth of non-compliance. How does Banco Montepio manage this risk?
Pedro Leitão: Non-compliance levels are low and not a material risk as long as economic and financial conditions remain stable. We aim to keep NPL levels aligned with or slightly below the market average.
Importance of Fiscal Stability
World-Today-News Editor: You emphasized the importance of fiscal stability and public administration reform for the country’s economic strength. Can you expand on this?
Pedro Leitão: Fiscal stability and effective public administration reforms are vital. We call for understanding and cooperation among political parties to achieve these goals. Efficient public organizations are crucial for successfully implementing projects that strengthen our economy.
Final Thoughts
World-Today-News Editor: Thank you, Pedro, for this insightful conversation on the future of Banco Montepio and the broader economic landscape.
Pedro Leitão: Thank you. I look forward to continued cooperation and progress.
For more detailed details, you can refer to the following sources:
