The Banco de Portugal confirmed that its governor, Álvaro Santos Pereira, has sold shares he purchased while in office. The divestment followed contact with the European Central Bank (Banco Central Europeu or BCE), which prohibits such holdings for officials in his position. The governor had previously acquired shares in companies including Galp and Jerónimo Martins.
Bank of Portugal governor divests shares held while in office
Monday, 27 April 2026AI summary
Context & Explainers
Álvaro Santos Pereira is a Portuguese economist who served as Minister of Economy from 2011 to 2013. He is a frequent public commentator on economic and public-policy issues and has used X and LinkedIn to call for radical changes to Portugal’s disaster preparedness after recent storms, so residents and policymakers often pay attention to his proposals.
5 sources
- Controversy at the Bank of Portugal: Governor bought shares while in officeTVI ·
- Banco de Portugal says governor sold Galp and Jerónimo Martins shares bought while in officecnnportugal.iol.pt ·
- Governor of the Bank of Portugal had to divest shares purchased while in officecmjornal.pt ·
- Banco de Portugal guarantees that the governor has already sold the shares he bought while in officertp.pt ·
- Bank of Portugal chief forced to sell shares after ECB reviewReuters ·
