Caixa Geral de Depósitos

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 second 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

Caixa Geral de Depósitos' headquarters in Lisbon.

Business units

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

Various life and non-life insurance products

Asset management

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

International operations

Caixa operates internationally through a variety of branches, affiliates, and subsidiaries

Africa

Europe

Americas

Asia

External links

This article is issued from Wikipedia - version of the Sunday, February 21, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.