CGD

Portugal’s banking sector has rejected criticisms from the country’s Minister of the Economy that banks are being so overly cautious in granting corporate loans that it is harming the economy. [...]

Portugal’s State-owned bank, Caixa Geral de Depósitos is considering increasing its shareholding in one of Portugal’s largest insurers, Fidelidade. The public bank sold the insurer to the Chinese [...]

Portugal ’s public bank Caixa Geral de Depósitos expects to complete the sale of Cape Verde’s Banco Comercial do Atlântico (BCA) in January next year. The bank informed, in a statement to the [...]

The CEO of Portugal’s largest clearing bank, the publicly-owned Caixa Geral de Depósitos (CGD), Paulo Macedo commenting on the theme ‘Portuguese Investment Outlook in Perspective’  and the [...]

Portugal’s State-owned bank Caixa Geral de Depósitos enjoyed a record result of €1.4Bn for the first three-quarters of the year. The net profit was up 2% on the same period last year, although [...]

The government has approved a €16.5 million interior refit and refurbishment of one of Lisbon’s most iconic buildings which for years has served as the headquarters of the State-owned bank Caixa [...]

Caixa Geral de Depósitos (CGD) closed the first half of 2025 with a net profit of €893 million, up €4 million on the same period in 2024. The profits made corresponded to a gain of almost [...]

Portugal’s main banks CGD, BCP, Novobanco, Santander, BPI and Banco Montepio posted combined net profits of €1.2Bn in the first quarter of 2025. The result was in line with the profits they made [...]

Portugal public bank Caixa Geral de Depósitos has posted net profits of over €1.7Bn for 2024 and paid the State out €850 million in dividends; more than had been factored for in the State Budget [...]

Portugal’s Novobanco, in which the State has a minority but substantial shareholding, is encouraging a bid from State-owned bank Caixa Geral de Depósitos in the forthcoming sale or floatation. [...]