Sociedade Para o Financiamento do Desenvolvimento, Instituição Financeira de Crédito, SA (SOFID) joins EDFI

Sociedade Para o Financiamento do Desenvolvimento, Instituição Financeira de Crédito, SA (SOFID) joined as EDFI's 16th member on February 1, 2008. SOFID was created on October 11, 2007 as a limited liability company with the Portuguese State holding 59,9% of the shares, 40% of the shares being equally shared among four Portuguese commercial banks, BCP (Banco Comercial Português SA.), BES (Banco Espirito Santo), BPI (Banco Português de Investimento, Portuguese member of EDFI until 2001), CGD (Caixa Geral de Depósitos) and 0,1% held by the Portuguese Association for Economic Development and Cooperation.

SOFID will finance and invest in project companies in developing countries (primarily Lusophone) together with private Portuguese investors.