Banco Português de Negócios

Banco Português de Negocios, short BPN was a Portuguese private bank, which has been particularly active in the area of ​​investment banking. It had its headquarters in Porto. President of BNP was Francisco Bandeira.

The bank was involved in a scandal since 2005. It was about tax evasion and money laundering. Due to lack of liquidity, the bank was nationalized three years later under the auspices of the Portuguese Caixa Geral de Depósitos.

In March 2012, the Portuguese government has the BPN sold for 40 million euros to Banco BIC Português that as shareholders, the daughter of the president of Angola, Isabel dos Santos, as well as the richest man in Portugal, Américo Amorim.