Caixa Geral de Depósitos, S.A. (Portugal)

Address

Av. João XXI, 63, 1000-300, Lisboa, Portugal

BIC

CGDIPTPLXXX

Overview

Business Focus

universal banking

Caixa Geral de Depósitos (CGD) is the largest bank in Portugal, 100%-owned by the Portuguese government. CGS is a universal bank, having a substantial market share in retail and corporate banking in Portugal. CGS also provides specialized financial services, investment banking and insurance.

Performance

In 2023, Caixa Geral de Depósitos, S.A. achieved the position of 1st largest bank in Portugal with a market share of 23.75%; its total assets dropped by 2.37%.

Additionally, the bank became the 17th bank in relation to its loans-to-deposits (L/D) showcasing 78.55% L/D ratio in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Portuguese deposit guarantee scheme in Caixa Geral de Depósitos, S.A.

Market Share (#1 in Portugal)

Market Share of Caixa Geral de Depósitos, S.A.

Ratios

RoA

1.32%

RoE

14.23%

L/D

78.55%

Services

retail banking

private banking

corporate banking

investment banking

asset management

insurance

Area Served

Portugal

Products

current accounts

debit cards

credit cards

prepaid cards

savings accounts

time deposit accounts

consumer loans

mortgage loans (2.43 - 2.43 %)

Account Currencies

EUR (Euro)

AUD (Australian dollar)

CAD (Canadian dollar)

CHF (Swiss franc)

CNY (Renminbi (Chinese) yuan)

CZK (Czech koruna)

DKK (Danish krone)

GBP (Pound sterling)

HKD (Hong Kong dollar)

HUF (Hungarian forint)

JPY (Japanese yen)

MOP

NOK (Norwegian krone)

NZD (New Zealand dollar)

PLN (Polish złoty)

SEK (Swedish krona/kronor)

SGD (Singapore dollar)

USD (US dollar)

ZAR (South African rand)

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Account Opening

Becoming a client of Caixa Geral de Depósitos, S.A. can be done in a few steps:

Completely online

Caixa Geral de Depósitos, S.A. performs client's identity verification via video call.

Ways to Bank

Caixa Geral de Depósitos, S.A. delivers its products and services through both direct and indirect channels, namely:

branch

online banking

mobile app

Financials

Total Assets of Caixa Geral de Depósitos, S.A.

Net_income of Caixa Geral de Depósitos, S.A.

Total Assets (2023)

88,604.52 mln EUR (-2.37%)

Net Income (2023)

1,181.76 mln EUR (+75.78%)

Number of Employees (2023)

5,590 (-4.23%)

Caixa Geral de Depósitos, S.A. ranks as the 1st largest bank in Portugal by total assets. In 2023 its total assets were 88,604.52 mln EUR, representing a 23.75% market share. In 2023 the bank's net income was 1,181.76 mln EUR. As of 2023, the bank employed 5,590 people.

Credit Ratings

Fitch: BBB-

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: A3

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

Caixa Geral de Depósitos, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade).

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Fundo de Garantia de Depósitos (FGD)

Covered Accounts

current accounts
savings accounts
time deposit accounts

Eligible Depositors

natural persons
legal entities

Caixa Geral de Depósitos, S.A. protects deposits up to up to 100,000 EUR per depositor through Portugal's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons, legal entities. The bank participates in the Fundo de Garantia de Depósitos (FGD), making regular contributions into it.