Banif (Portugal) to enter the PSI-20 Index in March
Banif (Portugal) is pleased to announce that it will be included in the benchmark index of the Portuguese stock exchange PSI-20 as from the 21st March 2011; an entry which has been expected by the market for some weeks.
The announcement was made in the annual review of the PSI-20, published on the 21st February, the first review since the introduction of the new rules established in 2010. This confirmed the new inclusion of Banif Bank as well as the resultant increase in the representativeness of the financial sector, as exhibited in the index.
"We are very pleased that Banif shall be entering the PSI-20", said the President of Banif when addressing the media to announce this important milestone for the Bank. Dr Joaquim Marques dos Santos highlighted the key positive effects that the inclusion in the benchmark index will provide. Being part of the PSI-20 Index gives more visibility to the Bank, which implies that Banif will be more avidly followed by international investors who will be looking at the Bank as an alternative investment opportunity.
The Portugal PSI-20 Index is a capitalisation weighted index of the top 20 stocks listed on the Lisbon Stock Exchange.