Among the extraordinary factors are the impairment regarding Pharol SGPS/Oi (formerly PT SGPS), of €55.4 million, the revaluation of liabilities of €59.4 million, provisions for other assets and contingencies of negative €59.4 million and the cost of early retirements and indemnities of 7.6 million, the bank said.
“Customer deposits rose €2.3 billion in the first half of 2015 (€6.5 billion since September 2014), to a total of €28.9 billion and in the second quarter it reached the highest level ever in domestic activity”, the bank said in a statement.
On 3 August 2014, the Bank of Portugal took over the reins of BES after it had presented net half-yearly losses of €3.6 billion and split the institution into a bad bank with all the toxic assets and liabilities (a vehicle which is still called BES, and where the shareholders are corralled) and a good bank, although it is only transitory, called Novo Banco.