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CGD has been at the forefront of Portuguese economic and social development over the last 132 years. It has been a benchmark operator in the Portuguese banking sector in terms of its support to households, companies and domestic institutions, since its formation on 10 April 1876.

On the basis of a strong corporate ethos and the highest ethical standards, rigour and professionalism, CGD is permanently geared to the willingness to change. It is currently the parent company of a modern financial group, prepared to cater for the needs and expectations of millions of customers and the challenges of market globalisation.

Notwithstanding the fact that it is a fully competitive organisation whose operations are based on laws regulating the private sector, CGD is a state owned financial institution and the only type of Portuguese bank with this type of equity structure.

CGD’s principal development objectives include, inter alia:

• Commitment to permanent innovation and on-going improvements to its retail banking services - its principal business area;
• Opening new contact channels with customers and facilitating their access to the bank’s services;
• Gearing and expanding its operations to business areas with higher growth and profitability potential;
• Promoting its customers’ and employees’ use of new technologies, improving the quality of service and reducing operating costs;
• Forming partnerships with other leading companies in their sectors, for creating such advanced new economy services as e-banking, e-commerce, specialised portals and interactive television.