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Portuguese Bank saves 10% on early payment agreement for

8 articles | Updated 55m ago | Created 5h ago
Portugal TRANSLATED

The Bank of Portugal has secured a savings agreement worth 2.2 million euros with the appointment and early retirement plan for Governor Mario Centeno as confirmed by President Âlvaro Santos Pereira on March 20th in Lisbon. According to reports from multiple sources including Prod-qt, Observador.pt, Jornaieconomico.sapo.pt, Sabado.pt, Sapo.pt, Impresa.pt, the financial benefit was achieved through an accelerated reform process that avoids future costs for public funds without impacting taxpayer contributions as stated by Pereira's office in a press release.

  1. 1
    The Banco de Portugal has reached an agreement with Mario Centeno to save approximately €2.2 million through early retirement.
  2. 2
    Governor Álvaro Santos Pereira confirmed that the savings amount is accurate and explicitly stated no taxpayer money will be used for this reform arrangement.
[Mar 20, 19:52] Banco de Portugal governor confirms €2.2 million savings with Mario Centeno agreement via Prod-qt-images.s3.amazonaws.com
[Mar 20, 17:42] Report states Banco de Portugal will save €2.2 millions of euros through the deal (Sabado.pt)