%0 Journal Article
%T O Banco Popular Portugu¨ºs do Porto
%A Hugo Silveira Pereira
%J Revista da Faculdade de Letras : Historia
%D 2012
%I Universidade do Porto
%X In the midst of the First World War, an entrepreneur in Porto decided to create a new bank, a different bank that should fill in a void in the Portuguese financing system, a popular bank. Emulating what was being done in Central Europe this popular bank had one great objective: to lend money to those who normally couldn¡¯t afford to borrow money. Unfortunately, the good intentions of those investors went up in smoke when they realized that such good intention weren¡¯t profitable nor could they be able to keep the bank running. Quickly did this popular bank became a commercial bank like so many others that were operating in the Portuguese market at the time. After a promising start, the bank suddenly went through some hardships, due to the crisis of the 1920¡¯s and to bad investments, and eventually was shut down, after eleven years of activity.
%K banking
%K finance
%K popular bank
%K Porto
%U http://ler.letras.up.pt/uploads/ficheiros/11322.pdf