BANIF BANCO INTERNACIONAL DO FUNCHAL SA The Portuguese state said late on Sunday it will rescue Banif (>> Banif Banco Internacional do Funchal SA) in a deal which also involves a sale of the Madeira-based bank's healthy assets to Spain's Santander SAN.MC for 150 million euros.
Centeno told a news briefing the Banif bailout would have an impact on this year's deficit worth over 1 percentage point of GDP, but Brussels should not count that aid when considering its 3 percent threshold for excessive deficits. The government has said it plans to bring the deficit to 3 percent this year.
(Reporting By Sergio Goncalves, writing by Andrei Khalip)
Stocks treated in this article : Banco Santander, S.A., Banif Banco Internacional do Funchal SA
