The largest and widest-ranging international platform among Portuguese banks Caixa Geral de Depósitos operates in 4 continents, with its international platform of branches, subsidiaries and representative offices present in 23 countries, alongside a vast network of correspondent banks spread throughout nearly 120 countries.
CGD Group is committed to its international business, as a strategic pillar of its sustained growth and, no less importantly, its leading role in the recovery and internationalization of the Portuguese economy. It’s extensive international network, comprising 23 countries and embracing 4 continents, accounting for around 80% of domestic exports, is one of the most valuable assets in terms of the Group's development of a sustainable growth strategy.
The promotion of cross-business between units in different geographies, and between them and the domestic branch office network, particularly in the current environment, is a fundamental lever for business growth and consolidated profitability.
CGD has been strengthening a proximity model with its international business customers or which are involved in internationalization proceedings, over the whole of its branch office network.
This particularly takes the form of account managers specializing in foreign trade products and instruments and investment solutions, who are profoundly knowledgeable on the operations of various markets and the specific constraints of each of the systems in particular. CGD Group operates namely in the form of international business desks which are active in units in geographies with the highest international business potential, which model should gradually spread to the whole of CGD's branch office network.
The residents-abroad individual customer business continues to merit CGD's special attention. It essentially comprises the strengthening of distance care models and growing qualification of the Group's units abroad, notably its Representative Offices, Branches and Subsidiaries and other Group retail banking units.
The results achieved by the international branch office network confirm and strengthen the Group's commitment