24th November, 2011

Contributing to a better financial culture on the part of the Portuguese public is one of the goals of the Portuguese Banking Association. Together with the Bank Training Institute, it has been playing a more hands-on role in this field.

A partnership that it recently entered into with the Directorate-General for Consumers is an example. It involves the preparation and administration of courses for Local Authority Information Centre (CIAC) staff providing information to consumers.

The first course for CIAC staff, on savings products, will be held tomorrow, 25 November.

The training on bank products will be given by an IFB teacher and cover the following topics:

- Bank deposits

- Deposit guarantees

- Types of deposit

- Remuneration and interest rates

- Capitalisation schemes

Other courses are planned, as we believe that informed, educated people make more reasoned, sensible, stable economic and financial decisions that contribute to their quality of life and to macroeconomic stability. These are essential factors for an economic climate that favours our country's growth and development.