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Caixa Geral de Depósitos
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.

3432 news items

Jornal de Negócios - Portugal

Jornal de Negócios - Portugal
Fri, 27 Mar 2015 07:30:40 -0700

Tal como José de Matos havia dito, a Caixa quer acelerar a redução de efectivos. A Federação de sindicatos colocou, no seu site, a informação de que vai iniciar-se um processo de reformas antecipadas. O sindicato da CGD diz que plano parece ...

Diário Digital

Público.pt
Tue, 03 Mar 2015 14:18:45 -0800

Um eventual casamento do BCP com o BPI criaria a maior instituição financeira a operar em Portugal, capaz de ombrear com a Caixa Geral de Depósitos, cujo capital está inteiramente na posse do Estado. Medida a dimensão do novo banco pelo valor dos ...

Diário de Notícias - Lisboa

TVI24
Thu, 05 Mar 2015 07:31:52 -0800

Dois homens encapuzados assaltaram esta quinta-feira, sob ameaça de arma de fogo, uma dependência bancária da Caixa Geral de Depósitos (CGD) em Santa Maria da Feira, levando cerca de 20 mil euros, disse à Lusa fonte da GNR. O assalto ocorreu ...
 
Diário de Notícias - Funchal
Mon, 16 Mar 2015 06:06:16 -0700

Os candidatos da Plataforma de Cidadãos, coligação entre PPM e PDA, foram recebidos, esta manhã, pelos responsáveis pela Caixa Geral de Depósitos na Região, para apresentar as suas propostas relacionadas com o banco público. "Defendemos que o ...

Wall Street Journal

Wall Street Journal
Fri, 06 Mar 2015 01:00:00 -0800

2, after state-owned Caixa Geral de Depositos SA. Both lenders have operations abroad, including in Angola, where BPI controls 50% of Banco de Fomento Angola SA. Through a spokesman, Ms. dos Santos said the merger of the two would “bring back a ...

Correio da Manhã

Correio da Manhã
Tue, 24 Mar 2015 10:15:00 -0700

"Bom-dia, isto é um assalto. Ninguém se mexe, só queremos o dinheiro da caixa." Foi desta forma que dois assaltantes se dirigiram aos funcionários e clientes da Caixa Geral de Depósitos de Fiães, em Santa Maria da Feira, ontem de manhã. Sem esboçar ...

Wall Street Journal

Wall Street Journal
Tue, 03 Mar 2015 03:23:12 -0800

2, after state-owned Caixa Geral de Depositos SA. Both lenders have operations abroad, including in Angola, where BPI controls 50% of Banco de Fomento Angola SA. BPI and Banco Comercial Português posted losses in 2014 as Portugal's economic crisis ...
 
Reuters
Tue, 17 Mar 2015 08:33:45 -0700

Ulrich questioned what Portugal's other banks should do if a loss on the Novo Banco sale implies a cost for state-owned Caixa Geral de Depositos, Millennium bcp or Banco BPI. "If the loss is 1 billion euros, do the authorities think it's alright for ...
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