Caixa Geral de Depósitos, SA products, services and reviews

About Caixa Geral de Depósitos, SA

Caixa Geral de Depósitos, SA (CGD) is a Portuguese universal bank founded in 1876 and wholly owned by the Portuguese State, headquartered in Lisbon and supervised as a significant institution under the European Central Bank’s Single Supervisory Mechanism in coordination with Banco de Portugal. It operates retail, SME, corporate, and investment banking through the CGD Group, offering current and savings accounts, payments, cards, mortgages, consumer finance, SME working capital, trade finance, corporate lending, cash management, and capital markets services via group entities, as well as asset management and pensions through specialized subsidiaries. CGD maintains the largest domestic branch and ATM footprint in Portugal and has international operations and partnerships focused on Portuguese-speaking markets (notably Macau and Mozambique) and select European financial centers, while having exited or reduced some non-core activities in recent years, including disposals in Spain and insurance holdings, in line with prior restructuring commitments. Digital channels include online and mobile banking (banking, payments, onboarding, and PSD2 open-banking connectivity), and the bank participates in the SEPA and Multibanco schemes for domestic and cross-border euro payments. Funding is primarily deposits, complemented by capital markets issuance (covered bonds, senior preferred and non-preferred, and subordinated instruments) to meet MREL and liquidity requirements. Public disclosures indicate capital and liquidity ratios above regulatory minima and a materially lower stock of non-performing exposures compared with the peak years leading to the 2016–2017 recapitalization and restructuring approved by the European Commission; profitability has benefited from higher interest rates and cost control, and the bank pays dividends to the shareholder subject to regulatory and state-ownership frameworks. CGD holds investment-grade credit ratings from major agencies, and eligible deposits are covered by Portugal’s deposit guarantee scheme up to the statutory limit. Prospective customers should review current fees, interest rates, eligibility (including for non-residents), early repayment conditions on credit products, and foreign exchange and cross-border transfer costs, as these vary by product and are subject to change.