CGD has a new line of credit of USD 50 million for enterprises

CAF, Development Bank of Latin America, approved a USD 50 million line of credit to Caixa Geral de Depósitos (CGD) to Enrique Garcia, the Institution´s Executive President, expressed, "In the past few years, CAF´s presence in Europe has been increasing exponentially through an academic network of centers of excellence that promote the dialogue and discussion on Latin American issues. With this line of credit through the CGD, Portuguese and Latin American companies with projects developed between Portugal and Latin America will have financing for the development of both regions". 

The objective of this line is to expand the support to Caixa Geral de Depósitos(CGD) is a bank with public capital, created in 1876. CGD is the largest Portuguese bank, with more than 4 million clients, reaching more than 112 billion Euros in assets, with presence in 4 continents and 23 countries. CDG  is positioned as an institution with a crucial role in the Portuguese financial system, resulting from the importance and responsibility of its contribution to economic development, strengthening of competitiveness, innovation capacity, and internationalization of Portuguese companies. For more information, visit iwww.cgd.pt/investor-relations.