Banco Montepio Explained

Banco Montepio
Type:Privately Held
Foundation:1844
Location City:Lisbon, Portugal
Industry:Banking
Products:Retail Banking[1]

Banco Montepio (pronounced as /pt/), formerly Montepio Geral, legally incorporated as Caixa Económica Montepio Geral, Caixa Económica Bancária, S.A. is a Portuguese mutual savings organization, better known for its banking activity.[2] [3] Banco Montepio was established in 1844 and is headquartered in Lisbon.[4]

The Montepio group is headed by the Montepio Geral - Associação Mutualista and includes the Banco Montepio (banking holding), the Lusitania (insurance company), the Lusitania Vida (life insurances),[5] the Fundação Montepio (social solidarity foundation), the Futuro (pension fund management), the Montepio Gestão de Activos (investment fund management), the Residências Montepio (Senior residences management) and the Leacock (insurance broker company).[6]

It served as the official jersey sponsor of the Portuguese national basketball team at the 2011 EuroBasket in Lithuania.[7]

On 20 February 2019, Montepio released its new brand and became known as Banco Montepio.[8] [9] [10] In addition to the brand, the logo also was renovated: it now features just one pelican, and not two as it was previously.[11]

Banco Montepio has more than 200 branches nationwide and representation in France, Germany, Switzerland, Canada and the United States of America, in the cities of Paris, Frankfurt, Geneva, Toronto and Newark, respectively.[12]

History

Montepio was delisted from the Euronext stock exchange on 15 September 2017.[13]

External links

Notes and References

  1. Web site: Caixa Económica Montepio Geral . Linkedln . 8 February 2019.
  2. Web site: ECO . 22 December 2023 . Banco Montepio . 12 January 2024 . ECO . pt-PT.
  3. Web site: Suspiro . Ana . O que vai mudar no Montepio? . 12 January 2024 . Observador . pt-PT.
  4. Web site: Caixa Económica do Montepio Geral . 12 January 2024 . www.bportugal.pt . pt.
  5. Web site: ECO . 31 March 2023 . Montepio injeta 115 milhões na Lusitânia para “apagar” prejuízos . 12 January 2024 . ECO . pt-PT.
  6. Web site: Alves . Maria Teixeira . 31 May 2022 . Mutualista Montepio passa de prejuízo a resultado consolidado positivo de 73 milhões em 2021 . 12 January 2024 . O Jornal Económico . pt-PT.
  7. http://www.zimbio.com/photos/Elvis+Evora/Standard+Life+Team+GB+Men+v+Portugal+Basketball/nTrE9x_R9X_ 2015 Elvis Evora Photos - Standard Life Team GB Men v Portugal - Basketball
  8. Web site: 26 March 2019 . Novo logótipo Banco Montepio . 12 January 2024 . Logotipo.pt . pt-PT.
  9. Web site: Caixa Económica Montepio Geral muda de nome ainda este ano . 12 January 2024 . Jornal Expresso . pt-PT.
  10. Web site: Marca Montepio vai manter-se mas nome poderá sofrer alterações . 12 January 2024 . www.jornaldenegocios.pt . pt-PT.
  11. Web site: ECO . 2019-02-16 . Montepio tem nova cara. É esta a nova imagem do banco . 2024-03-03 . ECO . pt-PT.
  12. Web site: The Bank . 2024-02-18 . Banco Montepio . en.
  13. Web site: MONTEPIO . www.euronext.com . Euronext . 8 February 2019.