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)

Services

banking services

Clients

international clients only

Area Served

internationally

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 Supervision

Supervised By
Cayman Islands Monetary Authority

Banco Espirito Santo, S.A. was authorized and supervised by the Cayman Islands Monetary Authority.

Bank History

Close Date
31 March 2016

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