Caixa Geral de Depositos

Caixa Geral de Depósitos S.A. (CGD), a state-owned financial institution, is the largest bank in Portugal by total assets and deposits. It has around 11,000 employees and 3.5 million customers including 2.3 million personal and corporate digital customers in Portugal. CGD Group provides a broad spectrum of retail, commercial and investment banking services including caixa accounts, personal and business loans, mortgages, auto loans, debit and credit cards, asset management, trade finance, real estate and brokerage services, specialized credits in the areas of factoring and leasing, life and motor vehicle insurance, multicare 60+ insurance, online and mobile banking, foreign exchange, money transfers, safe deposit boxes and more. Established in 1876, GDP Group currently has a network of approximately 890 offices including 515 domestic branches and 2,480 ATMs (automated teller machines). Caixa Geral de Depósitos is the most valuable and strongest Portuguese banking brand according to The Banker as well as Best Global and Bond Fund Manager in Portugal according to Morningstar. CGD has a presence in 18 countries including France, Germany, Spain, Switzerland, the UK, Luxemburg, Canada, Brazil, China, East Timor, Venezuela, Cape Verde, Angola, Mozambique and South Africa. The branches in New York, Cayman Islands, Zhuhai and London as well as all offshore branches were closed in 2017-2018. The company sold its Spanish unit Banco Caixa Geral (Spain) to ABANCA Corporácion as well as sold Mercantile Bank Holdings Ltd (South Africa) to Capitec Bank in 2019. The sale process of Banco Caixa Geral Brasil S.A. is ongoing. As of September 30, 2023, Caixa Geral de Depósitos S.A. had total assets of €98 billion, gross customer loans of €53 billion, customer deposits of €80 billion and shareholders' equity of €9.7 billion.

Credit Ratings:
Long Term Debt/Short-Term
Moody's: Baa1/Prime-2
Fitch IDR: BBB/F3
DBRS: BBB/R-1 (low)
(Ratings as of March 2024)

Some Subsidiaries:
Caixa - Banco de Investimento
Banco Nacional Ultramarino (Macau)
Banco Comercial e de Investimentos (Mozambique)
Banco Interatlântico (Cape Verde)
Banco Comercial Atlântico (Cape Verde)
Banco Internacional de São Tomé e Príncipe
Banco Caixa Geral Brasil (Brazil)
Banco Caixa Geral Angola

CGD domestic Market Share:
Total customer deposits: 23%
Personal customers’ deposits: 32%
Emigrant deposits: 53.8%
Customer loans: 18.5%
Mortgage loans: 24.0%
General government loans: 25.3%
Financial insurance: 28.7%
Retirement savings plans: 28.9%
Wealth management: 37.2%
Debit cards: 26.3%

Headquarters address:
Avenida Joao XXI, 63
1000-300 Lisboa
Portugal phone: +35 121 79 53 000
Website: www.cgd.pt

London Representative Office
The Monument Building
11 Monument Street
London EC3R 8AF
Telephone: +44 20 7280 0250

France Branch
38 rue de Provence
75009 Paris, France
Telephone: 33 1 56 02 56 02