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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.


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.

8325 news items

Diário Digital

Diário Digital
Tue, 07 Jul 2015 03:30:00 -0700

"Dois homens entraram na Caixa Geral de Depósitos, em Tondela, terão ameaçado os funcionários e levado uma quantia que ainda está por averiguar. Não magoaram ninguém e colocaram-se em fuga", descreveu. Os dois homens, com idades na casa dos ...


Sun, 28 Jun 2015 08:22:30 -0700

O ciclo enquadra-se na iniciativa Bridges da Caixa Geral de Depósitos, que tem como base um manifesto em favor de “um futuro mais sustentável” e tem como pano de fundo as discussões estratégicas do Programa 2020, que vai gerir a aplicação do actual ...

Blasting News

Blasting News
Wed, 17 Jun 2015 05:47:57 -0700

A dependência bancária da Caixa Geral de Depósitos, situada na freguesia suburbana de Gualtar, foi, na manhã desta quarta-feira, assaltada por dois indivíduos com sotaque estrangeiro. Estes entraram no banco, pouco depois das 9h30, e foram diretos ao ...
Jornal de Notícias
Thu, 25 Jun 2015 08:29:18 -0700

Madalena contra fecho "injusto" de balcão da Caixa Geral de Depósitos. 25/06/2015. Moradores da Madalena, em Gaia, estão contra o encerramento "injusto" da agência da Caixa Geral de Depósitos na freguesia, que dizem estar em "franco crescimento", ...
Wed, 17 Jun 2015 07:03:45 -0700

A dependência da Caixa Geral de Depósitos em Gualtar, Braga, foi esta quarta-feira assaltada à mão armada, tendo os assaltantes levado uma quantia de dinheiro ainda não apurada, informou a Guarda Nacional Republicana (GNR). O assalto foi ...
Mon, 06 Jul 2015 15:05:14 -0700

While the round was led by private equity and venture capital fund management company Caixa Capital — which belongs to Portugal's largest banking group Caixa Geral de Depósitos — what is perhaps most interesting are some of the angels involved.
Notícias ao Minuto
Wed, 17 Jun 2015 07:13:00 -0700

Balcão da Caixa Geral de Depósitos assaltado à mão armada A dependência da Caixa Geral de Depósitos em Gualtar, Braga, foi hoje assaltada à mão armada, tendo os assaltantes levado uma quantia de dinheiro ainda não apurada, informou a Guarda ...

Porto Canal

Porto Canal
Wed, 10 Jun 2015 09:30:00 -0700

Dois homens armados assaltaram a sucursal da Caixa Geral de Depósitos de Modivas em Vila do Conde. Os homens entraram e saíram actuando como se fossem clientes normais. twitter facebook Google plus imprimir ...

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