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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.


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


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





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.
1749 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 - Corporate video

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

Making Of campanha CGD

Campanha institucional da Caixa Geral de Depósitos (CGD) com assinatura da McCann. Com o mote «há um Banco que está a ajudar o país a dar a volta. A Caixa. C...

Caixa Geral de Depósitos-Scolari

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

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...

Sede Caixa Geral de Depósitos Lisboa

Sede da Caixa Geral de Depósitos em Portugal (Lisboa) Banco Público Português com serviços e produtos para empresas e particulares. Avenida João XXI, 63 1000...

Making Of Caixa Geral De Depositos "NOITE 64"

MOF Cameras John Leandro,Nuno Marques (videojunk), Ricardo Preto Edited By Ricardo Preto.

Obrigado Caixa Geral de Depósitos!

A Caixa Geral de Depósitos foi um dos patrocinadores do Rock in Rio Lisboa 2014.

Viseu -- Autoridades investigam assalto na Caixa Geral de Depósitos

As autoridades estão a investigar um assalto ocorrido esta madrugada à Dependência da Caixa Geral de Depósitos localizada na Zona Industrial de Coimbrões jun...

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.

1749 videos foundNext > 

371 news items

Portugal Digital
Sat, 30 Aug 2014 07:02:27 -0700

Lisboa - O banco Caixa Geral de Depósitos (CGD), maior instituição financeira portuguesa, reforçou no primeiro semestre deste ano a sua actividade de crédito no mercado brasileiro, sobretudo por via da concessão de empréstimos a empresas portuguesas ...


Wed, 06 Aug 2014 23:47:54 -0700

Na passada segunda-feira a Caixa Geral de Depósitos (CGD) registou um pico no que diz respeito aos depósitos. Foram depositados 200 milhões de euros de clientes particulares, a maioria antigos clientes do Banco Espírito Santo (BES). De acordo com o ...
Thu, 28 Aug 2014 20:56:15 -0700

... inaugurada na sede da ONU em Nova Iorque (Outubro de 2012) e passar por várias capitais e países, chega a Lisboa onde estará aberta ao público de 1 a 15 Setembro das 9 às 19 horas no Átrio da Central do Edifício Sede da Caixa Geral de Depósitos.
Cinco Días
Thu, 07 Aug 2014 04:16:24 -0700

Caixa Geral de Depósitos ha reaccionado con rapidez para desmarcarse de la crisis que asola al también portugués Banco Espírito Santo y que está provocando la retirada de depósitos de la entidad. Banco Caixa Geral ha iniciado la comercialización de un ...

The Portugal News

The Portugal News
Fri, 29 Aug 2014 07:26:15 -0700

The association's statement names the banks involved in the loan as Caixa Geral de Depósitos, BCP, BPI, Santander Totta, Crédito Agrícola, Montepio, BIC and Banco Popular with the operation designed to pay back the state for its advance carried out to ...

Post Online (blog)

Post Online (blog)
Tue, 19 Aug 2014 19:34:18 -0700

As an obligation of its bailout by the International Monetary Fund and the European Union, the Portuguese government auctioned off the insurance arm of state bank Caixa Geral de Depositos. Assets of the largest insurance holding in Portugal included ...
Seeking Alpha (registration)
Wed, 20 Aug 2014 14:11:15 -0700

Among those, Fosun has been one of the most aggressive, buying major stakes in such big-name firms as resort operator Club Med (OTC:CLMDF, Paris: CLM) and Portuguese insurance giant Caixa Geral de Depositos. Let's begin with the Sinopec deal, ...
Mon, 18 Aug 2014 22:23:23 -0700

Fosun also operates a life insurance joint venture in China with Prudential Financial Inc., and acquired 80 percent of Portugal's Caixa Geral de Depositos SA's insurance unit in January. Insurer Sales. Swiss Re rose as much as 1.4 percent, the biggest ...

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