ANNUAL REPORT AND ACCOUNTS · Caixa Central de Crédito Agrícola Mútuo, CRL 31-01-2000 Portfólio Managers - Soc. Gestora de Patrimónios, SA 29-03-2001 Caixa Económica Montepio

SISTEMA DE INDEMNIZAÇÃO AOS INVESTIDORES
ANNUAL REPORT AND ACCOUNTS

31 December 2001


COMPOSITION OF THE BOARD AND EXECUTIVE COMMITTEE AND

THE SUPERVISORY COMMITTEE OF THE SISTEMA DE

INDEMNIZAÇÃO AOS INVESTIDORES

BOARD AND EXECUTIVE COMMITTEE

CHAIRMAN Luís Lopes Laranjo, Vice Chairman of the Board of the CMVM.

Appointed by the Board of the CMVM, according to article 15 number 2 of Decree Law 222/99, of June 22.

MEMBERS Herlander dos Santos Estrela, Member of the Board of the Banco de Portugal

Appointed by the Board of the Banco de Portugal according to article 15 number 3 of Decree Law 222/99, of June 22.

João Duque

Appointed by the Portuguese Minister of Finance according to article 15 number 3 of Decree Law 222/99, of June 22.

SUPERVISORY COMMITTEE

CHAIRMAN Álvaro Cordeiro Dâmaso

MEMBERS Amável Calhau, Ribeiro da Cunha e Associados, represented by Amável Alberto Freixo Calhau


Index

Report

1. Activity in 2001

1.1. Participants 1.2. Capacity to pay compensation 1.3. Pledged securities 1.4. Profit and loss Account 1.5. Own income

1.5.1. Current income 1.5.2. Fines imposed

1.6. Activation of the Scheme and payment of compensation 1.7. Memoranda of Understanding with schemes in other countries 1.8. Release

2. Future prospects

Financial Statements of 31 December 2001

• Balance Sheet • Profit and Loss Account • Annex to Balance Sheet and Profit and Loss Account

Schedule I – Statement of Financial Results Schedule II – Statement of Extraordinary Results

• Statement of Source and Application of Funds • Circulating Funds Statement • Cash Flow Statement

Statements of the Opinions of the Supervisory Committee

• Report


1. Activity in 2001 The principal activities of the Sistema de Indemnização aos Investidores (Scheme) in 2001, its first year of regular activity, involved the consolidation of management procedures, particularly as regards pledges and periodical information rendered to the Scheme by participants Apart from current management, the Scheme’s activity in 2001 was focused on the signing of memoranda of understanding with schemes from other member states of the European Union and the extension of the contents of the Scheme’s web site. 1.1. Participants On 31 December 2001 there were 84 companies participating in the Scheme. During the year 2001, six new companies joined the scheme, and twelve ceased their participation due to dissolution, merger with other companies or change of corporate purpose. At the end of the year, the participants in the Scheme were as follows:

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Participant Joined on Participant Joined on(continued)

AF Investimentos - Gestão de Patrimónios, SA 31-01-2000 Central - Banco de Investimento, SA 31-01-2000Banco Alves Ribeiro, SA 31-01-2000 Central Investimentos - Sociedade Corretora, SA 31-01-2000Banco Bilbao Vizcaya Argentaria (Portugal), SA 31-01-2000 Companhia Geral de Crédito Predial Português, SA 31-01-2000Banco BPI, SA 31-01-2000 Corretora Independente Portuguesa, CIP Brokers, SA 31-01-2000Banco Comercial dos Açores, SA 31-01-2000 DB Corretora - Sociedade Corretora Valores Mobiliários,SA 31-01-2000Banco Comercial Português, SA 31-01-2000 Deutsche Bank (Portugal), SA 31-01-2000Banco de Investimento Global, SA 31-01-2000 ESAF - Espirito Santo Gestão de Patrimónios, SA 31-01-2000Banco do Brasil, SA 31-01-2000 Espírito Santo Dealer - Sociedade Financeira de Corretagem,SA 31-01-2000Banco Efisa, SA 31-01-2000 Espírito Santo Financial Consultants, SA 31-01-2000Banco Espírito Santo de Investimento, SA 31-01-2000 Finanser - Sociedade Financeira de Corretagem, SA 31-01-2000Banco Espírito Santo, SA 31-01-2000 Fincor - Mediação Financeira, SA 31-01-2000Banco Expresso Atlântico, SA 31-01-2000 Fincor - Sociedade Corretora, SA 31-01-2000Banco Finantia, SA 31-01-2000 Finibanco, SA 31-01-2000Banco Internacional Crédito, SA 31-01-2000 Finipatrimónio - Sociedade Gestora de Patrimónios, SA 31-01-2000Banco Itaú Europa, SA 31-01-2000 Personal Value - Sociedade Gestora de Patrimónios, SA 31-01-2000Banco ActivoBank (Portugal), SA 31-01-2000 IBCO - Gestão de Patrimónios, SA 31-01-2000Banco Nacional de Crédito Imobiliário, SA 31-01-2000 Investimento Directo - Sociedade Financeira de Corretagem, SA 31-01-2000Banco Português de Investimento, SA 31-01-2000 Lisbon Brokers - Sociedade Corretora, SA 31-01-2000Banco Português de Negócios, SA 31-01-2000 LJ Carregosa - Sociedade Financeira de Corretagem, SA 31-01-2000Banco Privado Português, SA 31-01-2000 Santander Gest - Sociedade Gestora de Patrimónios, SA 31-01-2000Banco Santander de Negócios Portugal, SA 31-01-2000 MG Patrimónios - Sociedade Gestora de Patrimónios, SA 31-01-2000Banco Santander Portugal, SA 31-01-2000 My Portfólio-Sociedade Gestora de Patrimónios,SA 31-01-2000Banco Totta & Açores, SA 31-01-2000 NCO - Gestão de Patrimónios, SA 31-01-2000Banif - Banco de Investimento, SA 31-01-2000 NCO Dealer - Sociedade Financeira Corretagem, SA 31-01-2000Banif - Banco Internacional do Funchal, SA 31-01-2000 P&I - Propriedade e Invest., Sociedade Gestora de Patrimónios,SA 31-01-2000Banif Patrimónios - Sociedade Gestora de Patrimónios,SA 31-01-2000 Probolsa - Sociedade Corretora, SA 31-01-2000BBVA Midas - Sociedade Financeira de Corretagem, SA 31-01-2000 Siemca - Sociedade Mediadora de Capitais, SA 31-01-2000BBVA Privanza - Sociedade Gestora de Patrimónios, SA 31-01-2000 Título - Sociedade Financeira de Corretagem, SA 31-01-2000BCP Investimento - Banco Comercial Português de Investimento, SA 31-01-2000 Banco Madesant - Sociedade Unipessoal, SA 17-02-2000BIG Corretora - Sociedade Corretora, SA 31-01-2000 Golden Assets - Sociedade Gestora de Patrimónios, SA 07-04-2000BMF - Sociedade de Gestão de Patrimónios, SA 31-01-2000 Pedro Arroja - Gestão de Patrimónios, SA 07-04-2000BNC Corretora - Sociedade Corretora, SA 31-01-2000 DIF Broker - Sociedade Corretora, SA 01-06-2000BPI Dealer - Sociedade Financeira de Corretagem,SA 31-01-2000 First Portuguese - Sociedade Gestora de Patrimónios, SA 13-07-2000BPN Valores - Sociedade Gestora de Patrimónios, SA 31-01-2000 A.H.L.R. & Associados - Gestão de Patrimónios, SA 27-07-2000BSN Dealer - Sociedade Financeira de Corretagem,SA 31-01-2000 Cotavalor - Sociedade Corretora, SA 09-08-2000Caixa - Banco de Investimento, SA 31-01-2000 Banif Ascor - Sociedade Corretora, SA 14-12-2000Caixa Central de Crédito Agrícola Mútuo, CRL 31-01-2000 Portfólio Managers - Soc. Gestora de Patrimónios, SA 29-03-2001Caixa Económica Montepio Geral 31-01-2000 Banco Best - Banco Electrónico de Serviço Total, SA 11-06-2001Caixa Geral de Depósitos, SA 31-01-2000 Banco Português de Gestão, SA 26-07-2001Caixa Investimentos - Soc. de Investimento, SA 31-01-2000 Intervalores - Sociedade Corretora, SA 03-08-2001Caixa Valores - Sociedade Financeira de Corretagem,SA 31-01-2000 F&C Portugal - Gestão de Patrimónios, SA 22-11-2001Carnegie Investimentos-Gestão de Patrimónios,SA 31-01-2000 Caixa - Gestão de Patrimónios, SA 06-12-2001

Table 1Participants on 31.12.2001

1.2. Capacity to pay Compensation The total value of the assets secured by the Scheme on 31 December 2001, was estimated at approximately € 58.5 billion, distributed among 84 participants. The Scheme’s maximum annual compensation capability, without having recourse to loans, was of € 121.3 million, which corresponds to an average capacity to pay compensation of 17.4% of the assets secured by the Scheme per participant.

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Description Amountin euros

Nº of participants 84Total value of assets secured by the Scheme 58.485.236.048Average value of assets secured by the Scheme, per participant 696.252.810Maximum annual compensatory capacity without recourse to loans (*) 121.347.448Average compensatory capacity in the event of activation of the Scheme 17,4%

(*) Calculation based on the average value of portfolios on 31.12.2000 and 30.06.2001, in accordance with Article 10 of CMVM Regulation Nº 2/2000.

Table 2Capacity to pay compensation on 31.12.2001 in case of activation of Scheme

1.3. Pledged securities By 31 December 2001, the total value of securities pledged to the Scheme had risen to approximately € 42.4 million, evaluated pursuant to Article 8(7) of CMVM Regulation nº 2/2000. All pledges were above the average (100%) of the fluctuation band established in the aforementioned Regulation (92.5% - 107.5%).

Quantity Value (*)Description ISIN Code In euros

OTRV August/2003 PTOTVDOE0001 1.715.442.049 16.947.881OTRV July/2004 PTOTVEOE0000 1.017.964.882 10.162.140OT April/2003 PTOTEAOE0013 394.223.440 4.010.356OT February/2006 PTOTEVOE0000 284.609.182 3.353.835OT June/2003 PTOTEMOE0001 294.246.989 3.261.316OT June/2008 PTOTEBOE0012 193.353.789 2.006.858OT August/2004 PTOTEDOE0002 103.945.288 1.028.559OT February/2007 PTOTEFOE0000 42.069.969 456.476OT July/2009 PTOTECOE0011 48.683.400 455.015OT October/2005 PTOTEIOE0007 23.000.000 236.997Consolidated PTCON3OP0003 93.004 194.199OT January/2004 PTOTEOOE0009 13.867.042 152.590OT September/2013 PTOTEGOE0009 9.620.000 99.173OT May/2010 PTOTEHOE0008 2.073.800 21.937OTRV July/2002 PTOTVCOE0002 1.580.000 15.791Total 4.144.772.834 42.403.122

(*) Securities valued according to Article 8(7) of CMVM Regulation nº 2/2000. Taking the last closing price per security for2001, the total value was €42.542.643.

Security

Table 3Pledged securities on 31.12.2001

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1.4. Profit and Loss Account During 2001, the Scheme’s operations generated a net positive result of € 284.789, of which € 269.930 represented operational results and € 17.603 the financial results. The extraordinary results were negative: - €2.743. Within the Assets item of the Balance Sheet, the item ‘cash’ accrued to € 788.870, applied by means of long term bank deposits (€760.700) and current accounts (€28.170). The item ‘short term debtors’ amounted to €58.035, corresponding for the most part to fines imposed by the competent authorities. The items in the Liabilities Statement represent insignificant amounts, not due until 2002, resulting from expenses incurred in 2001 and suppliers. 1.5. Own Income The Scheme’s own income originates from annual amounts transferred by the participants in order to finance the Scheme’s operational expenses (current financing), and from fines imposed by the Comissão do Mercado de Valores Mobiliários or by the Banco de Portugal.

1.5.1. Ordinary Income

With reference to the year 2001, a total of € 6.468 was received from the participants with a view to ensuring the proper functioning of the Scheme. This total was the result of a decision made by the Management Committee in December 2000, whereby the duty of all participants on 31 December 2000 to pay the sum necessary to ensure payment of the day-to-day expenses of the Scheme was waived for 2001. This was made possible by the availability of sufficient funds to pay the current expenses provided for in the budget for that year. For the same reasons and under the same conditions, it was decided to proceed in the same way with regard to the payment of the amount necessary to meet operating expenses for 2002.

1.5.2. Fines Imposed

In accordance with the provisions of Article 17 of Decree-Law Nº 222/99 of 22 June, and Article 406 of the Portuguese Securities Code, fines imposed as a result of infringement of the laws governing securities are to be allocated to the Scheme. Own receipts for 2001, arising from fines, amounted to €312.563, of which €298.813 has been received.

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On the other hand, efforts were made during the year, with positive results, to make the transfer of fines decided in the courts more efficient and rapid. As a result, the amount owing of €168.594 was transferred to the Scheme. 1.6. Activation of the Scheme and payment of compensation The Scheme was not activated during 2001, therefore no compensation was paid. 1.7. Memoranda of Understanding with schemes from other countries Considering the provision of similar services in other Member States of the European Union as well as the applicability of different compensation schemes designed to protect investors, the SII endeavours to establish memoranda of understanding with foreign compensation schemes in order to increase its operational efficiency. In light of this, on June 8 a Memorandum of Understanding was signed by the Scheme and its English counterpart - The Financial Compensation Scheme Limited / The Investors Compensation Scheme Limited. Contact was also made with the French and Dutch schemes, however, by December 31 this had not as yet led to the signing of an agreement. 1.8. Release Closer relations with investors and the disclosure of information to these and the participants is one of the top priorities of the Scheme. The contents of the Scheme’s pages on the CMVM’s web site (www.cmvm.pt) were extended, thus making information available related to participants and the dates on which they joined the Scheme, Memoranda of Understanding signed by the Scheme and its counterparts and the Annual Report for the year 2000. 2. Future Prospects Throughout 2002, the Scheme will continue to establish memoranda of understanding with other schemes working for the protection of investors from the member states of the European Union, with regard to investment companies and financial institutions authorised to carry out investment operations in Portugal and Portuguese investment firms and credit institutions having branches in other member states. Apart from day-to-day management, another of the Scheme’s central preoccupations will be to develop procedures aimed at increasing the efficiency of the transmission of information on a half-yearly basis by participants.

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6

Lisbon, 20 February 2002 The Board Luís Lopes Laranjo - Chairman Herlander dos Santos Estrela – Member of the Board João Duque – Member of the Board


Financial Statements 2001


ACC. CODE

ACC. CODE

2001 2000 2001 2000

Assets Equity Capital and Liabilities268+221 Other debtors 58.035,24 151.635,12 59 Transferred Results 591.181,77

58.035,24 151.635,12 88 Net Profit/Loss for the year 284.789,14 591.181,77

Cash Total Equity Capital 875.970,91 591.181,7712+13+14 Bank Deposits 788.870,05 444.774,29

788.870,05 444.774,29 Short Term Creditors:221 Suppliers, c/c 466,87

Accruals and deferrals 24 State and Other Public Bodies 1.751,56 890,75271 Accrued profits 35.605,22 870,93 1.751,56 1.357,62

35.605,22 870,93 Accruals and deferrals273 Accrued costs 4.788,04 4.740,94

Total amount of amortizations 4.788,04 4.740,94

Total amount of provisions Total liabilities 6.098,57 6.098,57

Total Assets 882.510,51 597.280,34 Total Equity Capital and Liabilities 882.510,51 597.280,34

Assistant Director of the Administrative and Financial Department of the CMVM The Board

Luís Lopes Laranjo, Chairman

Ana Bela Alves

Herlander dos Santos Estrela, Member of the Board

João Duque, Member of the Board

Euros

BALANCE SHEET

Euros

YEARYEAR

POC POC


ACC.

CODE

2001 2000

Profits and Losses

62 Supplies and services 16.739,87 11.741,05Staff Costs:

641+642 Wages and salaries 26.910,55 34.465,87 Social Security Costs:

645/8 Others 5.472,67 7.099,97

(A) 49.123,09 53.306,89681+685/8 Interest and similar costs:

Others 192,99 139,41(C) 49.316,08 53.446,30

69 Extraordinary Costs and losses 5.486,81 0,01(E) 54.802,89 53.446,31

86 Tax on profit/loss(G) 54.802,89 53.446,31

88 Net profit/loss for the year 284.789,14 591.181,77339.592,03 644.628,08

Income72 Services rendered 6.468,30 226.250,00

73 Other profits 21,45

76 Other operating income 312.563,09 411.543,43(B) 319.052,84 637.793,43

811/3/4/8+785/6/7/Other interest receivable and similar income: Others 17.795,79 6.834,65

(D) 336.848,63 644.628,0879 Extraordinary profits and income 2.743,40

(F) 339.592,03 644.628,08Operating results: (B) - (A) = 269.929,75 584.486,53Financial results: (D - B) - (C - A) = 17.602,80 6.695,24Ordinary results: (D) - (C) = 287.532,55 591.181,77Pre-tax results: (F) - (E) = 284.789,14 591.181,77Net profit or loss for the financial year: (F) - (G) = 284.789,14 591.181,77

Assistant Director of the Administrative and Financial Department The Boardof the CMVM

Luís Lopes Laranjo, ChairmanAna Bela Alves



POC

YEAR

Euros

PROFIT AND LOSS ACCOUNT


ANNEX TO BALANCE SHEET AND PROFIT AND LOSS ACCOUNT

NOTE 43 – Remuneration imputed to members of the bodies of the SII: Board and Executive Committee € 20,949.51 Supervisory Committee € 5,586.54 Apart from the aforementioned sums, € 30.33 of the total of the Profit and Loss Account corresponds to rights acquired in 2001 regarding holidays to be paid in 2002, and the sum of € 344.17 corresponds to extra allowances.

NOTE 44 – Services rendered correspond to contributions made by participants towards the running costs of the SII.

NOTE 45 – See Schedule I NOTE 46 – See Schedule II NOTE 48 – Legal proceedings related to fines

Under the terms of Article 17 of Decree-Law 222/99 of June 1999 and of Article 406 of the Portuguese Securities Code, approved by Decree-Law 486/99 of 13 November 1999, which came into force on 1 March 2000, the products of fines and financial gains resulting from administrative infractions revert back to the SII, regardless of the stage at which they are made definitive or are subject to a final decision to convict the offender following legal action. The debit side of the Other Debtors and Creditors account includes the total value of fines to be received following the aforementioned verdict. The total amounts to €43,644.82.

On the other hand, it is expected that the product of fines resulting from administrative infractions, applied by the CMVM, but subject to appeal and

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2

therefore not reflected in the accounts, will be reverted to the Scheme. The said sum is expected to reach a value of €111,471.35.

Guarantees made to the SII Under the terms of Article 6.2 of Decree-Law 222/99 of 22 June 1999 and of Article 8 of CMVM Regulation nº 2/2000, participants must pledge securities integrated in a centralised system as a guarantee of their irrevocable obligation, on the event of an activation of the Scheme, to provide the funds necessary for the payment of compensation owed to the investors. On 31 December 2001, the total of the said pledges, evaluated in accordance with the terms of paragraphs 6 and 7 of Article 8 of the aforementioned Regulation, was € 42,403,121.62. The value per security of the said pledges, based on the final closing price of the year 2001, was € 42,542,642.76.

Lisbon, 4 February 2002

Assistant Director of the Administrative and Financial Department of the CMVM Ana Bela Alves

The Board Luís Lopes Laranjo – Chairman Herlander dos Santos Estrela – Member of the Board João Duque – Member of the Board


NOTE 45

COSTS YEAR YEARAND 2001 2000 2001 2000

EXPENSES

681. Interest paid 5,99 5,99 781. Interest received 17.795,79 6.834,65688. Other financial costs and expenses 187,00 187,00

Financial Results 17.602,80 6.641,66

17.795,79 6.834,65 17.795,79 6.834,65

Assistant Director of the Administrative and Financial Department The Boardof the CMVM




SCHEDULE I

FINANCIAL RESULTS STATEMENT

Euros Euros

REVENUE


STATEMENT OF EXTRAORDINARY PROFIT AND LOSS

NOTE 46

COSTS YEAR PROFITS YEARAND 2001 2000 AND 2001 2000

LOSSES Euros EARNINGS Euros

697.Corrections related to previous years 5.486,81 0,00 797. Corrections related to previous years 2.743,39 0,00

698. Other extraordinary costs and losses 0,02 0,01 798. Other extraordinary profits and earnings 0,01 0,00

Extraordinary Results -2.743,43 -0,01 0,00 0,00

2.743,40 0,00 2.743,40 0,00

The Board




SCHEDULE II

Assistant Director of the Administrative and Financial Departmentof the CMVM


STATEMENT OF SOURCE AND APPLICATION OF FUNDS

2001 2000

Internal:

Net profit for the year 284.789,14 591.181,77284.789,14 591.181,77

APPLICATION OF FUNDS

Increase in circulating funds 284.789,14 591.181,77284.789,14 591.181,77

Assistant Director of the Administrative and CMVM The BoardFinancial Department of the CMVM

Ana Bela Alves Luís Lopes Laranjo, Chairman



Euros

YEARSOURCE OF FUNDS


CIRCULATING FUNDS STATEMENT

2001 2000

Increase in short term debtors Other debtors 151.635,12

Decrease in short term debtors Suppliers c/c 466,87

Increase in available funds Bank deposits 344.095,76 444.774,29

Variation in additions and deferrals Increase in additions to profits 34.734,30 870,93

379.296,93 597.280,34

Decrease in short term debtors Other debtors 93.599,88

Increase in short term debtors Suppliers c/c State and other public entities 860,81 1.357,63

Variation in additions and deferrals Increase in accrued costs 47,10 4.740,94

Increase in circulating funds 284.789,14 591.181,77

379.296,93 597.280,34

Assistant Director of the Administrative and Financial The BoardDepartment of the CMVM




Euros

YEAR


CASH FLOW STATEMENT

Euros

OPERATIONAL ACTIVITIES:Receipts from clients 5.833,33Payments to suppliers 14.578,92Payments to staff 31.485,85

-40.231,44 Payment / receipt of income tax Other receipts / payments related to activity 366.265,69

Flow generated before extraordinary operations 326.034,25Receipts related to extraordinary operations 0,02Payments related to extraordinary operations 0,01

Current operations flow [1] 326.034,26

INVESTMENT OPERATIONS:Receipts originating from:

Interest and equivalent income 18.061,5018.061,50

Flow generated by investment activities [2] 18.061,50

Cash fluctuations and equivalents [3]=[1]+[2] 344.095,76Effects of exchange rate disparity 0,00Cash and equivalents at the start of the period 788.870,05Cash and equivalents at the end of the period 444.774,29

The Board




Assistant Director of the Administrative and Financial

Period from 01 January to 31 December 2001

Flow generated by operations

Department of the CMVM

SISTEMA DE INDEMNIZAÇÃO AOS INVESTIDORES Supervisory Committee

REPORT AND STATEMENT OF OPINION OF THE SUPERVISORY COMMITTEE

1. In compliance with the relevant legal provisions and in carrying out the mandate which has been conferred upon us, we hereby publish this statement of opinion on the Annual Report and Management Accounts presented by the Management Committee of the Sistema de Indemnização aos Investidores (SII) with regard to the year ending on 31 December 2001.

2. We have been monitoring the activities of the SII, principally through regular contact

with the Chairman of its Board and Executive Committee, by reading the minutes of meetings and analysing the documentation which was systematically submitted to us, particularly the monthly accounts. Whenever necessary, we asked the Board and Services for clarification.

3. We have read the review of the annual report carried out by a member of this Committee

acting as internal auditor. 4. We have examined the Board and Executive Committee’s Report on the activities of the

SII during 2001, particularly with regard to its conformity with the accounts for the period, given that this document fully demonstrates the development of the Body.

5. We have examined the accounts (balance sheet, profit and loss account, statement of

source and application of funds, statement of circulating funds and cash flow statement), and have concluded that the said documents are a true reflection of the assets of the SII on 31 December 2001 and the way in which the results were achieved during the financial year which concluded on that date.

6. We wish to reiterate the total cooperation of the Board and Executive Committee and of

the Services, which contributed much to the carrying out of our supervisory functions.

SISTEMA DE INDEMNIZAÇÃO AOS INVESTIDORES Opinion 7. Considering the above, this Supervisory Committee is of the opinion that all conditions

necessary for the approval of the present Report and Management Accounts referring to the year 2001 have been fulfilled.

Lisbon, 27 February 2002 The Supervisory Committee,

Álvaro Cordeiro Dâmaso, Chairman Amável Alberto Freixo Calhau, representing the Sociedade de Revisores Oficiais de Contas

Amável Calhau, Ribeiro da Cunha e Associados

Documents

ANNUAL REPORT AND ACCOUNTS · Caixa Central de Crédito Agrícola Mútuo, CRL 31-01-2000 Portfólio Managers - Soc. Gestora de Patrimónios, SA 29-03-2001 Caixa Económica Montepio