digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

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.
1886 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...

Vídeo institucional da Caixa Geral de Depósitos

A Caixa Geral de Depósitos é patrocinadora do Green Project Awards Portugal.

A vision of the future | Caixa Geral de Depositos | The New Economy Videos

The New Economy investigates Caixa Geral de Depositos, our Best Sustainable Banking Group in Portugal for two years running. How has CGD become a model of fi...

Making Of Caixa Geral De Depositos "NOITE 64"

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

Caixa Geral de Depósitos-Scolari

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

Caixa Geral de Depósitos - Corporate video

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

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.

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...

Serviin - Vídeo Institucional da Caixa Geral de Depósitos

Caixa Geral de Depósitos (2011)

Campaña Caixa Geral de Depósitos, Marzo 2011. Música: Walk it off de Angus & Julia Stone.

1886 videos foundNext > 

3881 news items

The Deal Pipeline

The Deal Pipeline
Mon, 05 Jan 2015 06:15:00 -0800

Fosuns biggest insurance deal came in January 2014, when it paid €1 billion for an 80% stake in Fidelidade CS, the insurance unit of Portugal's Caixa Geral de Depositos SA. That deal also highlighted Fosun's willingness to go head-to-head with more ...

Telegraph.co.uk

Telegraph.co.uk
Sat, 24 Jan 2015 11:37:01 -0800

... Club Med for $1.3 bn, the latest in a flurry of more than 10 deals over the course of the year that also included buying US property casualty insurer Meadowbrook for $433m and taking 80pc of the insurance unit of Portugal's Caixa Geral de Depósitos SA.
 
Reuters
Tue, 20 Jan 2015 05:48:46 -0800

Jan 20 (Reuters) -Following are terms and conditions. of a bond priced on Tuesday. Borrower Caixa Geral De Depositos SA. Issue Amount 1.0 billion euro. Maturity Date January 27, 2022. Coupon 1.0 pct. Reoffer price 99.3360. Spread 64 basis points.
 
Daily Mail
Wed, 21 Jan 2015 00:37:30 -0800

CMVM market regulator provides tools to delay sale of Portugal Telecom. (Jornal de Negocios). * State-owned Caixa Geral de Depositos to cut spreads on mortgagess, credit to small and medium-sized companies and exporters. (Jornal de Negocios).

Observador

Jornal de Negócios - Portugal
Mon, 19 Jan 2015 04:45:00 -0800

A Caixa Geral de Depósitos (CGD) está a preparar uma emissão de obrigações hipotecárias (títulos garantidos por créditos à habitação) a sete anos, de acordo com informações avançadas pela agência Bloomberg. O sindicato bancário composto para esta ...

Customs Today Newspaper

Crain's Detroit Business
Wed, 31 Dec 2014 04:11:15 -0800

The company bought an 80 percent stake in the insurance unit of Portugal's Caixa Geral de Depositos SA this year. Fosun has a Hong Kong reinsurer, a life-insurance venture in China with Prudential Financial Inc. and a stake in a property-casualty ...

Businessweek

Businessweek
Sun, 11 Jan 2015 16:16:05 -0800

The Chinese group last year agreed to buy U.S. property-casualty insurer Meadowbrook Insurance Group Inc. (MIG:US) for $433 million, an 80 percent stake in the insurance unit of Portugal's Caixa Geral de Depositos SA for about 1 billion euros ($1.2 ...

Financial Times

Financial Times
Tue, 30 Dec 2014 03:57:01 -0800

It has a loan portfolio of €39bn and a market share of about 17 per cent, making it the country's third-largest bank after state-owned Caixa Geral de Depósitos and Millennium BCP. BPI and Santander Totta, the Spanish lender's local subsidiary, have ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight