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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 second 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.

17881 news items

Observador

Observador
Thu, 04 Feb 2016 08:48:12 -0800

A Caixa Geral de Depósitos (CGD) fechou o ano de 2015 com prejuízos de 171,5 milhões de euros, anunciou esta quinta-feira o banco do Estado. O produto bancário subiu 17,5% mas o banco registou um aumento de 4,9% dos custos operacionais, para ...
 
Diário de Notícias - Funchal
Fri, 29 Jan 2016 08:23:39 -0800

O Governo Regional da Madeira, através da Secretaria Regional das Finanças e da Administração Pública celebrou, ontem, um Protocolo de Cooperação com a Caixa Geral de Depósitos, ao abrigo do qual os funcionários públicos da Região Autónoma da ...

www.econostrum.info

www.econostrum.info
Fri, 05 Feb 2016 06:03:45 -0800

PORTUGAL. Pour la cinquième année consécutive, la Caixa geral de depositos (CGD) présente pour 2015 un résultat déficitaire de 171,5 M€, contre 348 M€ en 2014. Elle divise donc par deux ses pertes, mais contrairement à ses concurrents privés, reste ...

Visão

Visão
Wed, 27 Jan 2016 04:14:03 -0800

A começar pela saída do presidente da Caixa Geral de Depósitos, José de Matos, e do seu número dois, Nuno Fernandes Thomaz. Segundo o jornal, no mercado já se especula e em torno de uma série de nomes para substituir José de Matos, mas uma ...

Wintech (liberação de imprensa) (Blogue)

Wintech (liberação de imprensa) (Blogue)
Tue, 12 Jan 2016 04:31:50 -0800

A Caixa Geral de Depósitos voltou a dar conta de um novo esquema de Phishing que surge através da apresentação de ecrãs fraudulentos que simulam serviços de Internet Banking. Esta tentativa de fraude apresenta-se sob falso pretexto da realização de ...

Observador

Observador
Wed, 27 Jan 2016 06:00:18 -0800

Como é possível que o Estado português, através da Caixa Geral de Depósitos, tenha subitamente descoberto uma vocação estratégica para se juntar aos accionistas de ocasião, sem competências conhecidas, e sem explicação das origens dos fundos ...

Notícias ao Minuto (liberação de imprensa)

Notícias ao Minuto (liberação de imprensa)
Tue, 09 Feb 2016 07:45:00 -0800

... as vagas de programação ou os que se especializam em gestão de empresas, informática de gestão ou similares no que toca às vagas de analistas funcionais. Aos escolhidos, a Caixa Geral de Depósitos oferece estágios que “proporcionam uma primeira ...
 
Porto Canal
Fri, 05 Feb 2016 08:48:02 -0800

Abrantes, Santarém, 05 fev (Lusa) - Cerca de duas centenas de pessoas manifestaram-se hoje em Rossio ao Sul do Tejo, Abrantes, em protesto contra o anunciado encerramento em março da sucursal da Caixa Geral de Depósitos (CGD) naquela ...
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