Latest news and stories about cgd in Portugal for expats and residents.
In September last year the government had already approved a strengthening of the State's personal guarantee.
Portuguese banks say they have limited exposure to Venezuela, although they have residents there as customers. Caixa Geral de Depósitos (CGD) has only one office with two employees in one of the most expensive neighbourhoods in Caracas, which serves Portuguese residents in the South American country who are its customers. It is this activity that the ...
Caixa Geral de Depósitos says it will commit to recovering nearly €30 million owed by Heliportugal. The amounts relate to several loans used to finance the purchase of helicopters. The company contends the debts are statute‑barred.
Heliportugal has brought legal action against CGD, alleging that the state-owned bank never enforced non-performing debts totalling almost €30 million, allowing the claims to lapse. The latest Pitagórica poll for the presidential election shows a closely fought five-way contest between António José Seguro, André Ventura, Henrique Gouveia ...
