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Caixa Geral de Depósitos
Type 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.
1593 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...

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.

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...

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.

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...

Salto das Estrelas - Caixa Geral de Depósitos

Ativação da Caixa Geral de Depósitos no Rock in Rio Lisboa 2014.

CIDADES 4.0 Episódio 8 "Edifícios inteligentes" - Caixa Geral de Depósitos e Siemens

CIDADES 4.0 | INTELI Épisódio sobre Edificios inteligentes com os casos da Caixa Geral de Depósitos e da Siemens.

The Gift - Hino Caixa Geral de Depósitos

Hino para a campanha "Fã" do Banco Caixa Geral de Depósitos por The Gift.

1593 videos foundNext > 

6829 news items


Notícias ao Minuto
Sat, 22 Nov 2014 23:30:00 -0800

Terá sido a Caixa Geral de Depósitos a dar o alerta às autoridades sobre o dinheiro suspeito de José Sócrates. Segundo dão conta vários jornais deste domingo, ao abrigo da lei de branqueamento de capitais, os factos terão sido comunicados ao DCIAP ...
Shanghai Daily (subscription)
Thu, 27 Nov 2014 22:45:00 -0800

LISBON, Nov. 28 (Xinhua) -- Portugal may have to recapitalize state-owned bank Caixa Geral de Depositos once hefty losses are made in the sale of bank Novo Banco, Prime Minister Pedro Passos Coelho said on Thursday. Novo Banco was created by ...
Wed, 26 Nov 2014 13:09:02 -0800

... Executive Officer Eduardo Stock da Cunha, Banco BPI SA CEO Fernando Ulrich, Caixa Geral de Depositos SA CEO Jose de Matos and Banco Comercial Portugues SA CEO Nuno Amado speak at a conference on banking organized by Diario Economico.
Mon, 24 Nov 2014 21:03:45 -0800

Mercantile is banker to 4,000 small and medium-size enterprises, and is owned by Caixa Geral de Depósitos, the largest bank in Portugal. It has recently signed agreements with ooba and Betterbond to originate loans for self-employed people, which it ...

Channel News Asia

Channel News Asia
Mon, 24 Nov 2014 17:30:00 -0800

According to Portuguese media reports, state-owned bank Caixa Geral de Depositos raised the alarm. Investigators have been looking into transfers involving the former Socialist leader's account in comparison with earnings he has reported to tax ...


Sun, 09 Nov 2014 13:48:26 -0800

Caixa-Banco de Investimento SA, the investment banking unit of Portuguese state-owned lender Caixa Geral de Depositos SA, is assisting with the offer, Terra Peregrin said. Assets that Isabel dos Santos, Africa's richest woman, has invested in include ...

Jornal de Notícias

Portugal Digital
Sat, 01 Nov 2014 08:11:15 -0700

Lisboa - A Caixa Geral de Depósitos (CGD), maior banco português, apresentou nos primeiros nove meses deste ano um lucro de 55,5 milhões de euros, que compara com o prejuízo de 283,5 milhões de euros que o banco estatal tinha tido em igual ...


Thu, 27 Nov 2014 13:33:45 -0800

Lisboa, 27 nov (Lusa) -- O primeiro-ministro admitiu hoje que o Estado pode ter de recapitalizar a Caixa Geral de Depósitos caso haja prejuízo "muito elevado" na venda do Novo Banco, salientando que o problema do BES foi "de má gestão e não de ...

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