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Banco Espírito Santo

Banco Espírito Santo (Portuguese pronunciation: [ˈbɐ̃ku (i)ʃˈpiɾitu ˈsɐ̃tu], BES) was a Portuguese bank based in Lisbon that on 3 August 2014 was split in two banks: Novo Banco, which kept its healthy operations, and a "bad bank" to keep its toxic assets.