Caixa Geral de Depósitos
| Caixa Geral de Depósitos
|
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|---|---|
 |
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| legal form | Corporation |
| founding | April 10, 1876 |
| Seat | Lisbon , Portugal |
| management | José de Matos ( CEO ) |
| Number of employees | 15,896 (2014) in the entire group |
| Branch | Universal bank |
| Website | www.cgd.pt |
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The Caixa Geral de Depósitos SA , shortly CGD , is the largest bank in Portugal and comparable to a German savings bank . The shares are wholly owned by the Portuguese state. The seat is Lisbon .
The German representative office is located in Berlin. The Swiss office is in Geneva.
history
The bank was founded as the successor to the Depósito Público de Lisboa e Porto founded by the Marquês de Pombal on April 10, 1876 by decree of the government of António Maria de Fontes Pereira de Melo . The French Caisse des Dépôts et Consignations , founded in 1816, and the Belgian Caisse Générale d'Épargne et de Retraite , founded in 1865, serve as a model. The administration was carried out directly by the then Ministry of Finance ( Junta do Crédito Público ).
A reform in 1929 by the then Finance Minister Salazar made it possible to grant loans to private individuals and the state.
On April 5, 1969, the legal form was changed to an Empresa Pública , in German "public company", and thus greater independence from the government was made possible. A change in the law on August 20, 1993 changed the legal form to a Sociedade Anónima (stock corporation). The company is not listed. All shares are state owned. The bank still exists in this legal form today. Among other things, the change in legal form facilitated access to the international capital market.
In 2001 the merger with the BNU Banco Nacional Ultramarino SA took place. The BNU, founded in 1864, was previously an independent state bank in Portugal, which primarily handled payment transactions between the colonies and the mother country.
Company key figures
The balance sheet total for the 2013 financial year was 114.8 billion euros.
The entire group employed 15,896 people in 2014.
The rating agencies rated the bank as follows in 2015:
- Standard & Poor's : BB-
- Fitch Ratings : BB-
- Moody's : B1
Holdings
CGD holds stakes in the following companies:
Universal banks
- Banco Caixa Geral ( Spain )
- Banco Nacional Ultramarino ( 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 loans
- Caixa Leasing e Factoring ( Leasing )
- CREDIP - Instituição Financeira de Crédito
- BCI ALD (Mozambique)
Insurance
- Fidelidade Mundial
- Imperio Bonança
- Multicare - Seguros de Saúde (Health Insurance)
- Garantia (Cape Verde)
The majority of the insurance division (80%) was sold to the Chinese investment group Fosun in 2014 for 1 billion euros and has been trading as Fidelidade Companhia de Seguros ever since .
Honors
On May 19, 2012, the Caixa Geral de Depósitos was awarded the Insígnia des Ordem de Timor-Leste by East Timor's President José Ramos-Horta .
Individual evidence
- ↑ History of the Caixa Geral de Depósitos ( Memento of the original from April 24, 2008 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (Portuguese)
- ↑ Self-description of the Banco Nacional Ultramarino
- ↑ DBRS Rating ( Memento of the original from December 22, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Annual Report 2014 of Caixa Geral de Depósitos ( Memento of the original from November 17, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 414 kB)
- ↑ Peter Wise: China's Fosun buys Portuguese insurer Caixa Seguros. In: Financial Times (ft.com). January 9, 2014, accessed July 1, 2015 .
- ↑ Jornal da República: Decreto do Presidente da República nº 48/2012 de 19 de Maio , accessed on April 29, 2020.
Web links
- Website of the Caixa Geral de Depósitos (Portuguese, English)