Caixa Geral de Depositos

Caixa Geral de Depósitos (CGD) has been widely acknowledged as Portugal's leading banking institution for 127years.

Today, CGD is a modern financial-services group coping with new challenges in the form of domestic and overseas competition, as well as with the emergence of global markets and new ways of doing business. CGD is a state-owned institution, and the only bank in Portugal with this type of shareholder structure.

CGD is the largest Portuguese financial group, with the biggest domestic market shares in key areas such as customer deposits (32.0% at the end of 2002), total customers loans (23.2%), mortgage lending (34.8%), insurance (21.9%), mutual funds (19.8%), and real estate leasing (20.8%).

CGD has been engaged in committing substantial human and financial resources to innovative technological initiatives. It has also focused on the implementation of a new strategic cycle, dominated by such pioneering initiatives as electronic distribution channels, Caixa Directa on-line (Internet banking), Caixa e-Banking (corporate Internet banking), CaixaNet (IT infrastructure), CaixaWeb (CGD Group's "dot.com"company) and Bolsa Caixa Imobiliário (e-business specialised in real estate and home loans).