Notified on 13 February 2005, this merger consists of the acquisition of sole control of a credit institution, to be established, to which the economic unit specializing in non-automobile point-of-sale consumer credit, managed by CREDIBANCO - Banco de Crédito Pessoal, S.A until the end of 2004, will be transferred. The latter company in the meantime has ceased to exist due to a merger with BCP - Banco Comercial Português, S.A. by CREDIBOM - INSTITUIÇÃO FINANCEIRA DE CRÉDITO, S.A.