Advent Venture Partners; U.S. Bancorp (NYSE:USB); Andorra Banc Agricol Reig SA; Sociedade Comercial Orey Antunes SA (ENXTLS:ORE); Credit Andorra SA; Banca Privada d'Andorra; and Alana Partners are expected to present binding offers for Banco Inversis Net SA at the end on May 2013. All bidders have already come up with non-binding offers exceeding €100 million. All shortlisted bidders have to submit their detailed offers for Inversis by June 17.

Orey was shortlisted among 25 institutions to present a binding offer for the lender. Banco Espírito Santo, S.A. (ENXTLS:BES) remained out of the second stage of the process.The interested buyers will have access to a data room in order to know better the bank's earnings and financial statements. The data room will be open until June 7. Orey is advised by Societe Generale (EPA:GLE) and N+1.