LISBON (Thomson Financial) - Macau businessman Stanley Ho has boosted his stake in Portugal's largest private bank Banco Comercial Portugues and now owns about 3 pct of its share capital, Diario Economico reported, citing unnamed sources.

Last month, Macau casino mogul Ho was cited as saying by Lusa news agency that he wanted to increase its stake in BCP.

'We would like to increase our stake and continue to believe that the bank has an excellent future ahead of it,' Lusa news agency cited Ho as saying.

He added that he was not concerned about the recent management turmoil at the bank which led to the replacement of former CEO Paulo Teixeira Pinto by Filipe Pinhal, who is said to be close to chairman Jorge Jardim Goncalves.

luis.morais@thomson.com

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