Carlos Costa (banker)
Encyclopedia
Carlos da Costa Silva is a Portuguese
economist
and the present governor of the Bank of Portugal since June 7, 2010.
On 22 April 2010, Costa was nominated for a five-year-term by the Portuguese government, recommended by Finance minister
, Fernando Teixeira dos Santos
. He replaces Vitor Constâncio
who became vice president at the European Central Bank
on June 1, 2010.
at the Porto University and graduated there. 1981 he went to the former Banco Português do Atlântico, now Banco Comercial Português
(BCP), research department. As a member of the EU’s economic policy committee from 1986 to 1992, he was engaged in European integration, before becoming chef de cabinet of the Portuguese European commissioner from 1993 to 1999.
From 2006 he became vice president of the European Investment Bank
and responsible for the banks funding financing operations in Spain
, Portugal, Belgium
and Luxembourg
, as well as in Asia
and South America
. Prior to that he had positions on the Board of directors
at Caixa Geral de Aposentações, a bank for Pension Fund
s, Banco Nacional Ultramarino
and at Itaú Unibanco holdings.
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and the present governor of the Bank of Portugal since June 7, 2010.
On 22 April 2010, Costa was nominated for a five-year-term by the Portuguese government, recommended by Finance minister
Ministry of Finance and Public Administration
The Ministry of Finance and Public Administration , MFAP, commonly referred to as the Ministry of Finance is a Portuguese government ministry....
, Fernando Teixeira dos Santos
Fernando Teixeira dos Santos
Fernando Teixeira dos Santos , GOIH is a Portuguese economist and professor. He was Minister of Finance in the Portuguese Government led by José Sócrates .-Career:...
. He replaces Vitor Constâncio
Vitor Constâncio
Vítor Manuel Ribeiro Constâncio, GCC, GCIH is a Portuguese economist and politician, Vice-President of the European Central Bank. Constâncio graduated in economics from the Universidade Técnica de Lisboa....
who became vice president at the European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...
on June 1, 2010.
Career
Carlos Costa started his career in 1973 as a lecturer in economicsEconomics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
at the Porto University and graduated there. 1981 he went to the former Banco Português do Atlântico, now Banco Comercial Português
Banco Comercial Português
Banco Comercial Português , is a Portuguese bank that was founded in 1985 and is the largest private bank in the country. BCP is a member of the Euronext 100 stock index and its current chief executive officer is Carlos Santos Ferreira. BCP is based in Porto, but its operations are headquartered...
(BCP), research department. As a member of the EU’s economic policy committee from 1986 to 1992, he was engaged in European integration, before becoming chef de cabinet of the Portuguese European commissioner from 1993 to 1999.
From 2006 he became vice president of the European Investment Bank
European Investment Bank
The European Investment Bank is the European Union's long-term lending institution established in 1958 under the Treaty of Rome. A policy-driven bank, the EIB supports the EU’s priority objectives, especially European integration and the development of economically weak regions...
and responsible for the banks funding financing operations in Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, Portugal, Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
and Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, as well as in Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
. Prior to that he had positions on the Board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
at Caixa Geral de Aposentações, a bank for Pension Fund
Pension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
s, Banco Nacional Ultramarino
Banco Nacional Ultramarino
Banco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in...
and at Itaú Unibanco holdings.