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Caixa Geral de Depósitos
Type State-owned enterprise
Industry Banking
Founded 1876
Headquarters Lisbon, Portugal
Website Caixa Geral de Depósitos' Homepage

Caixa Geral de Depósitos (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.

Business verticals[edit]

CGD engages in, inter alia, retail banking, commercial banking, investment banking and venture capital, asset management, specialised credit, and insurance

Retail banking

Consumer finance, mortgage lending, credit cards, and deposits to individuals, businessmen, and micro companies

Commercial banking

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

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 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 segment

Various life and non-life insurance products Asset management segment

Open or closed unit trust and property funds, and wealth management funds

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.

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.
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350 news items

Económico

Observador
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 ...

iOnline

iOnline
Thu, 31 Jul 2014 20:56:15 -0700

A Caixa Geral de Depósitos registou lucros de 129,9 milhões de euros nos primeiros seis meses deste ano, “um resultado afectado positivamente pela concretização bem sucedida da venda da área seguradora e negativamente pelo reconhecimento de ...

Post Online (blog)

Post Online (blog)
Tue, 19 Aug 2014 22:15:00 -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 ...
 
swissinfo.ch
Tue, 19 Aug 2014 02:33:45 -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 ...
 
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 ...

Funds People Portugal

Funds People Portugal
Thu, 31 Jul 2014 19:55:08 -0700

A Caixa Geral de Depósitos também apresentou resultados sólidos no primeiro semestre do ano, com um lucro de 129,9 milhões de euros. No documento divulgado pela entidade por ler-se que “para a evolução positiva do resultado consolidado concorreu ...
 
MIT News
Mon, 04 Aug 2014 12:32:31 -0700

... by ISCTE - University Institute of Lisbon and the MIT Portugal Program, in cooperation with the MIT Deshpande Center for Innovation, The Martin Trust Center for MIT Entrepreneurship, and Caixa Capital, the venture capital arm of Caixa Geral de ...
 
Le Figaro
Thu, 31 Jul 2014 11:45:00 -0700

La banque publique portugaise Caixa geral de depositos (CGD) a annoncé jeudi avoir enregistré au premier semestre un bénéfice net de 129,9 millions d'euros, contre une perte de 182,7 millions d'euros un an auparavant, grâce notamment à l'amélioration ...
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