Caixa Geral de Depósitos (CGD) is the largest bank in Portugal, 100%-owned by the Portuguese government. CGS is a universal bank, having a substantial market share in retail and corporate banking in Portugal. CGS also provides specialized financial services, investment banking and insurance. Caixa Geral de Depositos, S.A. operated as a subsidiary of Caixa Geral de Depósitos (Portugal).
Caixa Geral de Depositos, S.A. has Category B banking license number 100019 issued by the Cayman Islands Monetary Authority. This type of license allows Caixa Geral de Depositos, S.A. 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 Geral de Depositos, S.A. 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 Geral de Depositos, S.A. failure its depositors will not be paid out any compensation.
Caixa Geral de Depositos, S.A. operated under the brand name Caixa Geral de Depositos. This banking brand has presence in the following European countries and selected dependent territories of the European countries: