Blacklist? Rui Costa Company denies “any mortgage execution”

A company 10 Invest — Real Estate Investments, Lda, of which Rui Costa is a shareholder and a valiant, guarantees that “there was no mortgage execution in connection with its relationship with Banco Montepio”.

The clarification comes in the form of a statement, sent this Friday to the essays, as a reaction to the news of the Observer, which advanced that president of Benfica was signaled at the Central Credit Responsibilities of Banco de Portugal (the so-called “black list”) for non-compliance related to the payment of capital benefits, interest on late payment and charges.

Rui Costa will have been responsible as guarantor for returning the capital and interest from the credit agreement that was signed between his company and Banco Montepio (formerly Montepio General) to finance the construction of a real estate project “Dream Living” in Carnaxide.

In the communication, the News to Minutes had access, the representation of the leader states that “the relationship with this banking institution has been within normal limits, within the framework of the day-to-day management of a real estate project” of that dimension (eur 45 million).

“It is also important to stress that the guarantees provided to Banco Montepio far exceed the value of the credit in question, ensuring robustly the position of the financial institution,” the company adds.

The company also ensures that “the project is in the final stages of completion, according to the planned planning” and that, despite “some delays arising from the Covid-19 pandemic”, “the completion of the work will take place very soon”.