Founded in 2012, Portigon AG is the legal successor of WestLB (Westdeutsche Landesbank). Portigon is focused on providing financial services in the areas of portfolio management, reporting and financial engineering. Portigon's offers credit analysis, treasury, finance and controlling, risk control, credit administration, IT services and various corporate center functions.
Portigon AG has Category B banking license number 75013 issued by the Cayman Islands Monetary Authority. This type of license allows Portigon AG to conduct banking and trustee 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 Portigon AG 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 Portigon AG failure its depositors will not be paid out any compensation.
The following banks operating under Portigon brand name has been recently closed down: