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Portuguese public banking institution From Wikipedia, the free encyclopedia
Caixa Geral de Depósitos (CGD) (Portuguese pronunciation: [ˈkajʃɐ ʒɨˈɾal dɨ ðɨˈpɔzituʃ]) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.[1]
![]() | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (October 2012) |
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Company type | State-owned enterprise |
---|---|
Industry | Banking |
Founded | 10 April 1876 |
Headquarters | Lisbon, Portugal |
Key people | Paulo Macedo (CEO) |
Website | www |
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.
CGD has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[2][3]
CGD engages in, inter alia, retail banking, commercial banking, investment banking and venture capital, asset management, specialised credit, and insurance
Consumer finance, mortgage lending, credit cards, and deposits to individuals, businessmen, and micro companies
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
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
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
Open or closed unit trust and property funds, and wealth management funds
Caixa operates internationally through a variety of branches, affiliates, and subsidiaries
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