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Caixa Geral de Depósitos
Type State-owned enterprise
Industry Banking
Founded 1876
Headquarters Lisbon, Portugal
Website Caixa Geral de Depósitos' Homepage

Caixa Geral de Depósitos (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.

Business verticals[edit]

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

Retail banking

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

Commercial banking

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

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 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 segment

Various life and non-life insurance products Asset management segment

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


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.

International operations[edit]

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





External links[edit]

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Caixa_Geral_de_Depósitos — Please support Wikipedia.
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432 news items

Tue, 08 Jul 2014 02:00:00 -0700

Portuguese state bank Caixa Geral de Depósitos (CGD) plans to increase its presence in Angola by exercising its option to buy part of the stake owned by Banco Santander Totta in Angola's Banco Caixa Totta, Portuguese financial daily Diário Económico ...

Diário Digital

Portugal Digital
Tue, 08 Jul 2014 03:07:30 -0700

São Paulo - O grupo estatal português Caixa Geral de Depósitos (CGD), através da CGD Securities, firmou um acordo para a compra de 51% da corretora brasileira Octo CTVM, que opera a plataforma de negociação de títulos Rico, informaram as duas ...
Thu, 24 Jul 2014 05:25:59 -0700

Sofid's shareholders are the Portuguese state with 59.99 percent, banks Banco Comercial Português, Banco Espírito Santo, BPI and Caixa Geral de Depósitos, with 10 percent each and the Elos association with a share of 0.01 percent. (macauhub/PT/MZ).
Mon, 07 Jul 2014 21:41:15 -0700

O banco estatal português Caixa Geral de Depósitos (CGD) pretende reforçar a sua presença em Angola com o exercício da opção de compra ao Banco Santander Totta de parte da posição que este detém no Banco Caixa Totta, noticiou o jornal Diário ...


Mon, 21 Jul 2014 05:00:00 -0700

... à exposição do banco público ao Grupo Espírito Santo (GES), que < href="http://www.publico.pt/economia/noticia/caixa-geral-de-depositos-tem-exposicao-de-300-milhoes-a-empresas-do-grupo-espirito-santo-1662585">rondará os 300 milhões de euros.
Diário Digital
Fri, 04 Jul 2014 08:00:00 -0700

A Caixa Geral de Depósitos está a promover um passatempo no qual oferece bilhetes duplos para o festival EDPCOOLJAZZ. Os interessados devem concorrer até ao dia 25 de Julho. «O desafio passa por testar o ouvido musical dos participantes através de ...


Sun, 13 Jul 2014 19:02:47 -0700

Caixa Geral de Depósitos y el banco de inversión japonés Nomura son los primeros efectos colaterales, más allá del complicado entramado empresarial de esta familia, que amenazan con cambiar la composición societaria del BES. La exposición de Caixa ...
Notícias ao Minuto
Fri, 25 Jul 2014 02:00:00 -0700

Os pensionistas da Caixa Geral de Depósitos (CGD), ANA, NAV, Casa da Moeda ou PT estão a 'salvo' da nova contribuição de sustentabilidade em 2015, por se tratarem de grupos integrados no Estado ou por terem transferido as suas provisões para o ...

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