Circular Letter No. CC/2019/00000022

Circular Letter No. CC/2019/00000022 2019-01-24 Sent to: Banks; Central Credit Agricultural Mutual Fund; Agricultural Credit Mutual Funds; Savings Banks. Page 1 of 2 Mod. 40000375/T – 01/14 Subject: Financing and Capital Plan with a reference date of December 31, 2018

Dear Sirs,

Within the scope of its functions, it is the responsibility of the Banco de Portugal to assess risks to financial stability, analyze how the realization of such risks may impact the financial system, and identify instruments that can be used to prevent the realization of these risks and/or mitigate their impact. Financing and Capital Plans are fundamental tools for the Banco de Portugal to fulfill this function, as well as for the fulfillment of its prudential supervision function.

In this context, the Banco de Portugal issued Instruction No. 18/2015, which defines the regulatory framework for the implementation of Financing and Capital Plans. This Circular Letter complies with Article 9 of the aforementioned Instruction, by disclosing the reporting models for Financing and Capital Plans, the description of the macroeconomic and financial scenario, and other guidelines necessary for the performance of the exercise and the provision of information by institutions. This information is found in the Annex.

BANCO DE PORTUGAL Headquarters: Rua do Comércio, 148 • 1100-150 Lisbon • Portugal T +351 213 130 000 • www.bportugal.pt Tax ID: 500792771 • Share Capital: € 1,000,000 • Registration at the Lisbon Commercial Registry, No. 51 Page 2 of 2 Mod. 40000375/T – 01/14 Annex Confidential Information.