APBNews

25th January, 2012

APBNews is the newsletter of the Portuguese Banking Association. Its first number is being published today and is devoted exclusively to financial literacy.

The subject of this first number of APBNews is financial literacy and its importance in the public's financial decisions. What has already been done in the world and in Portugal in this regard, the APB's sectoral strategy for financial education and its coordination with the financial supervisors' National Financial Education Plan are the subjects of this first edition.

APBNews is published every three months by the APB Communication and Image Office and will address issues of general interest to the financial sector in simple, clear, accessible language.

The newsletter came out on the same day as the Chairman of the APB publicly announced the banking sector's financial education strategy (attached) and introduced the Good Practices, Good Accounts programme. The APB has proposed financial literacy programmes common to all the banks organised by area of action and covering the entire country. The aim is to encourage people to follow good practices in managing their family budgets with a view to greater financial stability and therefore better quality of life.

APBNews creates closer proximity to the general public by publishing information on the financial sector in a way that is accessible to ordinary people, thereby contributing to a better understanding of the workings and importance of the financial system in the country's economy.

APBNews will be sent to the list of people who have expressed an interest in receiving it on the APB website (www.apb.pt).

An intervention model for banks: the sector’s strategy for financial education