Caixa Geral de Depósitos

The Caixa Geral de Depósitos SA, short CGD, is the largest bank in Portugal and comparable to the German savings banks. The shares is one hundred percent owned by the Portuguese State. The seat is Lisbon. The share capital amounts to EUR 2.95 billion.

The German representative office is located in Berlin. The Swiss office is in Geneva.

History

The bank was founded as a successor to the established by the Marquês de Pombal Depósito Público de Lisboa e Porto on April 10, 1876 Decree of the Government Fontes Perreira e Melo. As an example, the French Caisse des Dépôts et Consignations, founded in 1816, and the Belgian Caisse Générale d' Epargne et de retreat, founded apply 1865. The business purpose was at first only the collection of court-ordered fines and the possibility of deposit small amounts of citizens. The administration was carried out directly by the then Ministry of Finance ( Junta do Crédito Público ).

By reforming in 1929 by the then Finance Minister Salazar lending to individuals and the state was made possible.

On April 5, 1969, the change in legal form to a Empresa Pública to German "public company", prioritized, thus allowing greater independence from the government. The legal form to Sociedade Anonima ( Aktiengesellschaft) was amended by an amendment dated August 20, 1993. The company is privately held. All shares are state-owned. In this legal form, the Bank continues to this day. Due to the change in legal form inter alia, access to international capital markets has been facilitated.

In 2001, the merger took place with the BNU Banco Nacional Marino Ultra SA The BNU, founded in 1864 was previously an independent State Bank of Portugal, which completed primarily payments between the colonies and the mother country.

Company Key

The balance sheet total for the fiscal year 2006 to 83.937 billion euros. The profit before tax was reported in the same period in the amount of EUR 689 764 216. This corresponds to earnings per share of 0.91 euros. Equity amounted in 2006 to 4,536,644,538 euros.

The total Group employed 2006 20.030 employees. For the banks, the Bank employs 13,457 employees.

The rating agencies rated the Bank as follows:

  • Standard & Poor's: A ( good credit, taking into account the overall economic situation )
  • Fitch Ratings: AA- (very high credit quality, with smears )
  • Moody's: Aa1 ( good credit, somewhat higher risk (especially in the long term) than Aaa )

Investments

The CGD holds investments in the following companies:

Universal banks

  • Banco Caixa Geral (Spain )
  • Banco Nacional Marino Ultra (Macau, People's Republic of China)
  • Banco Interatlântico (Cape Verde)
  • Banco Comercial do Atlântico (Cape Verde)
  • Banco Comercial de Investimentos (Mozambique )
  • Mercantile Banc Holdings ( South Africa)
  • Caixa Geral Dep - Subsidária offshore Macau ( Macau)
  • Parbanca SGPS ( Sociedade Gestora de Participações Sociais, Holding)

Investment banks

  • Caixa Banco de Investimento
  • Caixa Capital
  • A Promotora (Cape Verde)
  • Gerbanca SGPS
  • Caixa Desenvolvimentos SGPS

Special Credits

  • Caixa Leasing e Factoring (leasing )
  • CREDIP - instituição Financeira de Crédito
  • ALD BCI (Mozambique )

Insurance

  • Fidelidade Mundial
  • Imperio Bonança
  • Multicare - Seguros de Saúde ( Health Insurance )
  • Garantia (Cape Verde)
Types of business entity Universalbank Dili Banco Nacional Ultramarino
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