Carlos Cid Álvares will prioritise greater proximity with customers, digital operations and playing a key role in the authorities’ push for the modernisation of the SAR’s financial system, as he was reappointed for a new three-year term as CEO of Banco Nacional Ultramarino (BNU).

Local Portuguese-language newspaper Jornal Tribuna de Macau reported that Carlos Cid Álvares has been confirmed for a new term in the last general assembly of the bank’s parent company, Portugal’s state-owned banking group Caixa Geral de Depósitos.

Priority will go “greater proximity with customers so that BNU is the first choice for more individuals and companies, growth in investment in digital, responding to the challenges launched by the authorities, in terms of the financial system and increasing our connection with the community that wants to invest in Hengqin,” Cid Álvares told Macau News Agency.

In an interview with Macau Business and MBtv published last October, he said BNU would be looking into a future expansion of the bank’s presence in Hengqin, while expressing confidence in Macau’s post-pandemic recovery.

Also on his agenda is “to increase business between China and the Portuguese-speaking countries and promoting the diversification of the economy.” He is also keen on taking advantage of possible synergies with parent company Caixa Geral de Depósitos in different areas in terms of investment, risk control, quality and business among others, he added to MNA.

Carlos Cid Álvares has been the CEO of BNU since 2018. In March, he was elected as president of the Board of Directors of the local delegation of the Portugal-China Chamber of Commerce and Industry (CCILC).

Source: Macau Business