Lisbon, November 12, 2019 – Following on the press news release by Jornal ECO today, Bison Bank’s Board of Directors has immediately contacted its Shareholder who clearly stated that “Bison Bank is not up for sale”. The Bank’s Shareholder also stated that it maintains a permanent interaction with Bank of Portugal so that all required commitments are and will keep on being fulfilled at all times.
Since Bison Capital Financial Holdings (Hong Kong) Limited acquired the Bank in mid-2018, and considering the dormant status of the Bank at the time, the focus has been on the internal reorganization process and the risk framework establishment, in line with the Bank’s strategic plan.
Now, the Bank is in conditions to develop business based on the Euro-Asian bridge, in order to resume profitability within the next years. For that purpose, the Bank is very well capitalized.
Bison Bank is currently assessing the available legal means to react to such ungrounded news.
For more information, please contact:
Francisco Teixeira | Francisco.Teixeira@hkstrategies.com / 917 626 244