January 28, 2015 7:48 AM ET

Banks

Company Overview of Caixa Geral de Depósitos, S.A.

Company Overview

Caixa Geral de Depósitos, S.A. provides banking products and services in Portugal and internationally. Its Retail Banking segment offers consumer finance, mortgage lending, credit cards, and deposits to individuals, self-employed, and micro companies. The company’s Commercial Banking segment provides loans, current accounts, investment project financing, discounting bills, venture capital, factoring, equipment and property leasing, syndicated loans, and underwriting services to large companies, SMEs, and the public sector. Its Corporate Finance segment is engaged in the activities relating to acquisitions, mergers, restructuring, privatizations, subscription and placement of securities, secu...

Av. João XXI, 63

Lisbon,  1000-300

Portugal

Founded in 1876

19,945 Employees

Phone:

351 21 795 3000

Fax:

351 21 790 5050

Key Executives for Caixa Geral de Depósitos, S.A.

Deputy Chairman
Age: 61
Chief Financial Officer
Age: 48
Central Director of Legal Affairs Department and Secretary of Shareholders' Meeting
Age: 64
Head of Business for Spain Unit
Acting Company Secretary
Compensation as of Fiscal Year 2014.

Caixa Geral de Depósitos, S.A. Key Developments

Caixa Geral de Depósitos, S.A. to Close 40 Branches

Caixa Geral de Depósitos, S.A. planned to close 40 branches in Portugal. The affected employees will be transferred to other branches if possible.

Government Reportedly Denies Plans To Privatize Caixa Geral de Depósitos

The Portuguese government has denied the reports that it plans to privatize Caixa Geral de Depósitos, S.A. by the end of 2015, Diorio Economico reported on May 21, 2014. An official anonymous source at the Portuguese Ministry of Finance said the "news has no basis".

Portugal Reportedly To Sell CGD's Insurance Business Directly

The Portuguese government intends to sell Caixa Geral de Depósitos, S.A. (CGD) through a direct sale, according to a report of economic daily Diario Economico. The transaction may include the whole capital or a majority stake in the business. According to a decision by the finance ministry from December 11, 2013, the winner will have to pay a €100 million deposit, no matter the price of the binding offer and the size of the interest to acquire.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 26, 2014
GARANTIA - Companhia de Seguros de Cabo Verde, S.A.
 

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