Established in 1840 in Lisboa, Montepio is a Portuguese mutual savings group. Caixa Económica Montepio Geral is a member of Montepio Group providing retail and corporate banking products and services to individuals, self-employed professionals, entrepreneurs, SMEs and business entities.
Caixa Economica Montepio Geral has Category B banking license number 97022 issued by the Cayman Islands Monetary Authority. This type of license allows Caixa Economica Montepio Geral to conduct banking 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 Caixa Economica Montepio Geral 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 Caixa Economica Montepio Geral failure its depositors will not be paid out any compensation.
Caixa Economica Montepio Geral operated under the brand name Montepio. This banking brand has presence in the following European countries and selected dependent territories of the European countries: