Álvaro de Oliveira Madaleno Sobrinho (born 1962) is a Portuguese-Angolan[2][3] banker and businessman who developed his career in Portugal.
Sobrinho was born in Angola and moved to Portugal to study Mathematics and Statistics at Universidade Nova de Lisboa.
[7] In July 2014, the Portuguese weekly newspaper Expresso reported that BESA did not know to whom it had extended loans worth US$5.7 billion – around 80 percent of its debt portfolio – during the mandate of previous chief executive Álvaro Sobrinho, who left the post in October 2012.
[10] Sobrinho holds large investments in telecommunications with YooMee Africa and the media industry with Newshold Group,[11] as well as additional ventures including publishing, manufacturing, retail, travel business and renewable energies.
[21] Portuguese authorities had investigated Sobrinho when he was the chairman of Banco Espírito Santo Angola (BESA in relation to his use of an overseas company to purchase six apartments in the Estoril Sol Residence[22][23] complex in Lisbon, Portugal, with an initial payment of €9.5 million.