Banco Espirito Santo, S.A.

Business Focus
international banking

Banco Espirito Santo (BES) was a Portuguese bank that went bankrupt on August 4, 2014. Novo Banco was established as a successor of Banco Espírito Santo by the Bank of Portugal as a bridge bank to rescue assets and liabilities of BES.

Banco Espirito Santo, S.A. has Category B banking license number 100011 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Espirito Santo, S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.

Bank Category

Category B (Banking)

Products and Services

Services
banking services
Clients
international clients only
Area Served
international

Deposit Guarantee

Protected Amount
0 KYD
Guarantee Fund
none
Covered Depositors
none
Covered Accounts
none

There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco Espirito Santo, S.A. failure its depositors will not get any compensation.

Contacts

KY1-1005, Grand Cayman, Cayman Islands
10507

Bank History

Close Date
31 March 2016