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.
Caixa Economica Montepio Geral was authorized and supervised by the Cayman Islands Monetary Authority.