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Caixa Geral de Depósitos
Type State-owned enterprise
Industry Banking
Founded 1876 (1876)
Headquarters Lisbon, Portugal
Website www.cgd.pt

Caixa Geral de Depósitos (CGD) (Portuguese pronunciation: [ˈkajʃɐ ʒɨˈɾaɫ dɨ dɨˈpɔzituʃ]) is a Portuguese state-owned banking corporation, and the largest bank in Portugal. CGD is Portugal's largest public sector banking corporation, established in Lisbon in 1876.

CGD now has presence in 23 countries spanning four continents through branches, representative offices or direct equity interests in local financial institutions. CGD is the largest Portuguese financial group, with the highest domestic market shares in key areas such as customer deposits, loans and advances to customers, mortgages, insurance, mutual funds and real estate leasing (11.4%). Based on assets, it ranks 109 in terms of the world’s major banks. CGD is the 69th largest European bank.

History[edit]

Caixa Geral de Depósitos' headquarters in Lisbon.
  • 1876 — Caixa Geral de Depósitos was founded under the aegis of the Junta de Crédito Público.
  • 1880 — Caixa Económica Portuguesa was founded as a savings bank for Portugal's poorer classes.
  • 1885 — The two Caixas merged.
  • 1896 — CGD was spun off from the Junta de Crédito Público. This was followed by the creation of Caixa de Aposentações for wage earners and Monte de Piedade Nacional, a pawnbroking operation.
  • 1918 — CGD developed general banking operations.
  • 1924 — CGD acquired Banco Financial Português in Brazil.
  • 1969 — CGD, a public service subject to the state's administrative rules, became a state-owned company.
  • 1974 – CGD acquired a 5% stake in Banco Itaú when Itaú acquired Banco Português do Brasil, founded in 1918.
  • 1975 — CGD established a branch in Paris.
  • 1988 — CGD acquired Banco Nacional Ultramarino. With it, CGD got Ultramarino's ownership in several operations abroad, including Banco Internacional de São Tomé e Príncipe.
  • 1991 — CGD acquired Banco de Extremadura in Spain and Chase Manhattan Bank España. Banco de Extramadura traces its origins back to 1939. In 1965, the name became Sánchez de Cáceres and in 1972 transformed into Banco de Extremadura. After CGD acquired it, Chase Manhattan Bank España became Banco Luso-Español.
  • 1993 — CGD became an exclusively state-owned public company
  • 1995 — CGD's acquired Banco Simeón, in Spain, from Banesto. Banco Simeón had been founded in 1857 in Vigo, Spain.
  • 1997 — CGD established Banco Comercial e de Investimentos in Mozambique.
  • 1998 — CGD acquired Banco Bandeirantes in Brazil, to which it transferred some accounts from Banco Financial Português. It also established a branch in Cape Verde, which in 1999 it converted to a subsidiary, Banco Interatlântico, of which it now owns 70%.
  • 2000 — CGD acquired Banco Comercial do Atlântico, making the CGD Group the most important financial institution in Cape Verde. CGD also acquired the Mundial Confiança insurance company and Banco Totta & Comercial Sotto Mayor de Investimento, which it later renamed Caixa-Banco de Investimento. CGD acquired majority control of Banco Internacional de Sao Tome e Principe. CGD sold Banco Bandeirantes to Brazil's Unibanco in return for a 12% share in Unibanco. At the time, CGD held a 4.6% stake in Banco Itaú, which it was forced to give up under conflict of interest rules.
  • 2001 — CGD opened a branch in Dili, East Timor. CGD also merged in Banco Nacional Ultramarino, effectively ending its separate existence, though the name survives in CGD's subsidiary in Macau. Lastly, CGD merged Banco Franco Portugũes into its Paris branch.
  • 2002 — CGD combined its three commercial banks in Spain: Banco Luso-Español, Banco de Extremadura, and Banco Simeón, into one bank under the Banco Simeón name.
  • 2004 — CGD took a controlling interest of 91% in the South African bank holding company, Mercantile Lisbon Bank Holdings Limited (MLBH) (now known as Mercantile Bank Holdings Limited) .
  • 2005 — The alliance between CGD and Unibanco dissolved, with CGD selling its shares.
  • 2006 — Banco Simeón changed its name to Banco Caixa Geral.
  • 2008 — On 28 February, the Central Bank of Brazil authorized CGD to set up Banco Caixa Geral-Brasil in Brazil.

Business units[edit]

CGD engages in, inter alia, retail banking, commercial banking, investment banking and venture capital, asset management, specialised credit, and insurance

Retail banking[edit]

Consumer finance, mortgage lending, credit cards, and deposits to individuals, businessmen, and micro companies

Commercial banking[edit]

Loans, current accounts, investment project financing, discounting bills, venture capital, factoring, equipment and property leasing, syndicated loans, underwriting services to large companies, small and medium enterprises, and the government sector

Corporate finance[edit]

Acquisitions, mergers, restructuring, privatizations, subscription and placement of securities, securitization, preparation and organization of syndicated loans, investment management, financial analysis of markets and companies, and advisory services

Trading and sales segment[edit]

Management of the securities portfolio and issued debt instruments; and money and foreign exchange markets, repo and security loan, and wholesale brokerage operations, as well as offers derivative instruments, and loans and advances to other credit institutions

Insurance[edit]

Various life and non-life insurance products

Asset management[edit]

Open or closed unit trust and property funds, and wealth management funds

International operations[edit]

Caixa operates internationally through a variety of branches, affiliates, and subsidiaries

Africa[edit]

Europe[edit]

Americas[edit]

Asia[edit]

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Caixa_Geral_de_Depósitos — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
1739 videos foundNext > 

Caixa Geral Depósitos - Dar a volta

Director de Comunicação: Francisco Viana Responsável de Comunicação: Rita Rodrigues/ Cláudia Piconarte/ Tânia Moura e Silva Agência: McCann Worldgroup Direct...

Caixa Geral de Depósitos-Scolari

Caixa Geral de Depósitos - Soluções Portugueses residentes no estrangeiro. Anúncio com Felipe Scolari.

Caixa Geral de Depósitos - Corporate video

Presented by Ricardo Santos, Caixa Geral de Depósitos at the Efma Mobile Banking conference 5-6 December 2012.

Vídeo institucional da Caixa Geral de Depósitos

A Caixa Geral de Depósitos é patrocinadora do Green Project Awards Portugal.

Mariza - Minh' Alma (Anúncio Caixa Geral de Depósitos)

Novo anúncio publicitário da Caixa Geral de Depósitos para portugueses residentes no estrangeiro. Mariza é a nova imagem da CGD, e aqui está o primeiro anúnc...

A vision of the future | Caixa Geral de Depositos | The New Economy Videos

The New Economy investigates Caixa Geral de Depositos, our Best Sustainable Banking Group in Portugal for two years running. How has CGD become a model of fi...

Caixa Geral de Depósitos - Rock in Rio Lisboa 2014

Do BagJump passando pela Rock Street, até à zona de convidados da CGD. Foi assim que surpreendemos a cidade do rock, no Rock in Rio Lisboa. #EstamosCá.

CIDADES 4.0 Episódio 8 "Edifícios inteligentes" - Caixa Geral de Depósitos e Siemens

CIDADES 4.0 | INTELI Épisódio sobre Edificios inteligentes com os casos da Caixa Geral de Depósitos e da Siemens.

The Gift - Hino Caixa Geral de Depósitos

Hino para a campanha "Fã" do Banco Caixa Geral de Depósitos por The Gift.

Salto das Estrelas - Caixa Geral de Depósitos

Ativação da Caixa Geral de Depósitos no Rock in Rio Lisboa 2014.

1739 videos foundNext > 

1005 news items

Observador

Observador
Sun, 26 Oct 2014 03:07:57 -0700

A Caixa Geral de Depósitos (CGD) arrisca perder 114 milhões de euros em empréstimos à Espírito Santo Irmãos, mais uma sociedade do Grupo Espírito Santo que entrou em processo especial de revitalização, ou seja, que pode estar à beira da insolvência.

Jornal de Notícias

Notícias ao Minuto
Fri, 31 Oct 2014 10:26:15 -0700

A Caixa Geral de Depósitos (CGD) teve um terceiro trimestre positivo, registando lucros de 55,5 milhões de euros. No terceiro trimestre do ano passado, o banco público tinha apresentado prejuízos na ordem dos 283,5 milhões de euros. Economia.
 
Notícias ao Minuto
Sun, 26 Oct 2014 07:21:52 -0700

Banca Caixa Geral de Depósitos com nota positiva nos exames do BCE. A Caixa Geral de Depósitos (CGD) passou nas avaliações do Banco Central Europeu (BCE) e da Autoridade Bancária Europeia (EBA) quer no cenário base (rácio de capital de 9,4%), ...

iOnline

iOnline
Sun, 05 Oct 2014 21:01:43 -0700

A Caixa Geral de Depósitos (CGD) recebeu 1,5 milhões de euros pelos serviços de pagamento das prestações sociais e outros benefícios atribuídos pela Segurança Social através de carta cheque. Os dois contratos - um para os beneficiários residentes em ...
 
Jornal de Negócios - Portugal
Sun, 26 Oct 2014 06:11:47 -0700

A Caixa Geral de Depósitos passou nos testes de esforço feitos pelo Banco Central Europeu. "O resultado da avaliação completa da CGD permite concluir pela resiliência deste banco em ambos os cenários", escreve o Banco de Portugal no comunicado de ...
 
Lexology (registration)
Thu, 23 Oct 2014 07:48:45 -0700

In this case, the French branch of the Portuguese bank SA Caixa Geral de Depositos participated in financing pools in the United Kingdom in a banking syndication led by the Royal Bank of Scotland. In these transactions, the branch received interest ...

Telegraph.co.uk

Reuters
Sun, 26 Oct 2014 06:18:45 -0700

SELECTED 'NARROW' PASSES GERMANY DZ Bank 6.0 HSH Nordbank 6.1 IKB Deutsche Industriebank 6.5 Wustenrot Bank 6.5 ITALY Mediobanca 6.2. PORTUGAL Caixa Geral de Depositos 6.1 SPAIN Liberbank* 5.6. UK Lloyds Banking Group 6.2.

The Portugal News

Financial Times
Sun, 26 Oct 2014 10:37:30 -0700

State-owned Caixa Geral de Depósitos emerged from the stress tests with a CET1 ratio of 10.4 per cent at the end of 2013, 44bp lower than the bank's own figure, but also above the minimum requirement. The stress tests for Novo Banco, the “good” bank ...
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