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Portugal's national bank has published a plan to safeguard the disturbed moneylender Banco Espirito Santo (BES).
The gathering will be part into two - a "decent bank" with the solid possessions and a "terrible bank" with the more dangerous ones.
The "great bank", which will be called Novo Banco, will be lent 4.9bn euros ($6.6bn; £3.9bn) from what is left of Portugal's bailout reserve.
The move had been normal after BES on Friday reported a record loss of 3.6bn euros for the first a large portion of the year.
Since June, when worries about the budgetary soundness of the organization first became known, its imparts have plunged 89%.
'No citizen hazard'
The organization, which is Portugal's biggest recorded loan specialist, will be delisted from the stock exchange on Monday, with shareholders set to lose just about all their financing, says the BBC's Alison Roberts.
The greater part of BES's contributors will be ensured.
"The arrangement conveys no danger to open accounts or citizens," said Carlos Cosa, Portugal's national bank senator at a late night news gathering in Lisbon.
"There was an earnest need to receive an answer for insurance the security of stores and guarantee the solidness of the saving money framework," he included.
Carlos Costa, legislative head of Bank of Portugal
Carlos Costa, legislative head of the Bank of Portugal, subtle elements the salvage plan at a question and answer session
Novo Banco will comprise of the bank's center business of taking stores and loaning to home-purchasers and organizations.
It is so far indistinct what will happen to the "terrible bank", the greater part of which identifies with different organizations in the Espirito Santo Group, which incorporate tourism, wellbeing and horticulture.
The money infusion for Novo Banco originates from a so far unused part of Portugal's bailout store from the EU and the International Monetary Fund.
"Instabilities"
The thought is that Novo Banco will be controlled by the "determination store" - set up as a major aspect of the eurozone's saving money changes and supported by Portugal's budgetary organizations. The bank will inevitably be sold off, with the returns used to pay back the 4.9bn euro advance from the bailout reserve.
In an announcement, Novo Banco's CEO, Vitor Bento said "the key vulnerabilities that have been hanging over the foundation for quite a while have now been evacuated".
"Novo Banco is additionally bringing with it... a committed workforce, a solid client center and far reaching keeping money benefits that assistance to drive the Portuguese economy," he included.
Mr Bento was introduced as CEO of BES only three weeks prior as a major aspect of an administration reshuffle intended to restore trust in the bank.
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Examination: Alison Roberts, BBC News, Lisbon
The Banco Espirito Santo (BES) salvage denote a huge movement in keeping money supervision in the eurozone, in that shareholders are to shoulder a bigger extent of misfortunes than was the situation in past bank bailouts.
Still, it is eventually Portugal's citizens who are endorsing the credit to the recently made bank that is to assume control over BES's practical business exercises, since the stores are originating from a part of Portugal's eurozone bailout that the nation had not so far required to draw on, yet which it will need to pay back.
There are likewise addresses about the Portuguese powers' treatment of the circumstances.
Scarcely a month prior, they waved through a capital expand in which BES raised 1bn euros - cash that everything except vanished as the offer cost plunged.
Such questions could make it harder for Portuguese organizations to bring cash up in future - while the Portuguese state is now confronting higher financing expenses.
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The European Commission said it sanction of the salvage plan.
"The appropriation of this determination measure is sufficient to restore trust in monetary dependability and to guarantee the coherence of administrations and evade potential antagonistic systemic impacts," it said in an announcement.
Portugal itself just as of late rose up out of a three-year bailout plan. It was loaned 78 billion euros altogether by the European Union and the IMF on the condition that it executed extreme severity measures
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