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)


banking services


international clients only

Area Served


Deposit Guarantee

Protected Amount
Guarantee Fund
Covered Depositors
Covered Accounts

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.


KY1-1005, Grand Cayman, Cayman Islands

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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