Banco Português de Investimento (Banco BPI, eng: Portuguese Investment Bank) is a head company of BPI Group, focused on corporate and retail banking activities and provision of investment banking services, asset management and insurance. Banco BPI Cayman, Ltd. operates as a subsidiary of Banco BPI (Portugal).
Banco BPI Cayman, Ltd. has Category B banking license number 100067 issued by the Cayman Islands Monetary Authority. This type of license allows Banco BPI Cayman, Ltd. to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco BPI Cayman, Ltd. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco BPI Cayman, Ltd. failure its depositors will not be paid out any compensation.