In a recent parliamentary hearing, Pedro Cabeços stated that the entity has embarked on a “diversification of the investor base.”
“There are investors who do not include Portugal in their investment decisions,” he noted, indicating that the IGCP has been holding meetings “to understand what needs to be done to generate interest.”
“We have met with over 100 investors in the past two years to promote Portuguese debt,” he highlighted.
The IGCP also aims to broaden the distribution channels for Savings and Treasury Certificates, currently limited to the CTT network and Big bank.
The president of the IGCP expressed the entity’s complete “availability” to offer these instruments through other banks. “Only Big bank accepted this task, the other banks did not,” he mentioned.
Pedro Cabeços also reported on IGCP’s efforts in technological modernization to prevent security breaches, such as the one that allowed a saver to access another’s account, and to ease the purchase process for these debt instruments.
Due to these efforts, the IGCP increased from 26,000 savers with updated data to 577,000 within three years.
