Espírito Santo Financial (Portugal) is a sub-holding of ESFG which focuses on financial and insurance interests in Portugal, principally Banco Espírito Santo (“BES”) through BESPAR and the Tranquilidade group through PARTRAN. Please go to Group Structure for more information.

ESFG’s business is centred in Portugal, where the majority of its investments are located. Its components are engaged in a wide variety of banking and insurance services based on the Banco Espírito Santo Group (“BES Group”) and on the Tranquilidade group of insurance companies respectively. The insurance group is composed of Companhia de Seguros Tranquilidade (“Tranquilidade”) engaged in non-life agent and direct distribution; T-Vida, a spin-off life company resulting from the purchase by Tranquilidade of agent-originated portfolio of BES Vida ; BES Vida, life company formerly known as Tranquilidade Vida, focusing on life bancassurance; BES Seguros, non-life company, formerly known as Espírito Santo Seguros, focusing on non-life bancassurance.