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Encyclopedia > Banco Nacional Ultramarino
A piece of artwork for the National Overseas Bank (Banco Nacional Ultramarino) in Lisbon, with coats-of-arms symbolizing the colonies of the Portuguese Empire.
A piece of artwork for the National Overseas Bank (Banco Nacional Ultramarino) in Lisbon, with coats-of-arms symbolizing the colonies of the Portuguese Empire.

Banco Nacional Ultramarino (in Macau, trading as 大西洋銀行 in Chinese, in English, National Overseas Bank) is a Portuguese bank with operations throughout the world, especially in Portugal's former colonies. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in 2001. Download high resolution version (1760x1168, 243 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (1760x1168, 243 KB) Wikipedia does not have an article with this exact name. ... District Lisbon Mayor   - Party Carmona Rodrigues PSD Area 84. ... History of Portugal series Prehistoric Portugal Pre-Roman Portugal Roman Lusitania and Gallaecia Visigoths and Suevi Moorish rule and Reconquista First County of Portugal Kingdom of Galicia and Portugal Second County of Portugal Establishment of the Monarchy Consolidation of the Monarchy 1383–1385 Crisis Discoveries Portuguese Empire 1580 Crisis Iberian... The English language is a West Germanic language that originates in England. ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ... Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation. ... 2001: A Space Odyssey. ...


History

  • 1864 Banco Nacional Ultramarino (BNU) is established in Lisbon, Portugal. It has as its role being a a bank of issue for Portugal's overseas territories.
  • 1865 BNU opens branches in Luanda (Angola) and Cidade de Praia (Cabo Verde).
  • 1868 BNU opens branches in São Tomé and Príncipe, Goa, and Mozambique.
  • 1901 BNU loses its banking monopoly but it retains the note issuing monopoly for the countries in which it operates.
  • 1902 BNU opens branches in Macau and Bolama (Portuguese Guinea; now Guinea-Bissau).
  • 1912 BNU opens a branch in Dili Timor Leste, and a branch in Brazil.
  • 1919 BNU establishes a representative office in Kinshasa, and a branch in Paris.
  • 1920 BNU establishes a representative office in Bombay.
  • 1926 BNU loses note issue monopoly in Angola with creation of Banco de Angola.
  • 1929 BNU establishes a subsidiary in London, the Anglo-Portuguese Colonial and Overseas Bank. BNU converts its branch in Paris to a subsidiary, Banque Franco-Portugaise d’Outre-Mer.
  • 1952 BNU closes its branches in India.
  • 1965 General Mining and three Portuguese banks (including BNU) joined in 1965 to start the Bank of Lisbon and South Africa. This is now Mercantile Lisbon Bank.
  • 1970s BNU bought a shareholding interest in Banque Interatlantique, a bank in Luxemburg.
  • 1970s BNU establishes a rep office in London.
  • 1974 The Portuguese government nationalizes BNU.
  • 1975 Mozambique nationalizes the Banco Nacional Ultramarino and renames it the Banco de Mozambique.
  • 1988 Caixa Geral de Depósitos becomes the majority shareholder of Banco Nacional Ultramarino S.A. the Republic of Portugal is the only other shareholder.
  • 1991 BNU opens a branch in London.
  • 1993 BNU opens a branch in Zhuhai, a Special Economic Region of China.
  • 1993 Caixa Geral de Depósitos becomes the majority shareholder in Banque Franco-Portugaise d’Outre-Mer.
  • 1995 The Chinese government confirms that BNU will remain a note issuer in Macau until at least 2010.
  • 1999 BNU opens representative offices in Mumbai and Panjim-Goa, and a branch in Dili, Timor Leste.
  • 2000 BNU signs an agreement with the Administration of Macau Special Administrative Region of the People´s Republic of China whereby the Bank remains an Agent of the Treasury.
  • 2001 BNU and Caixa Geral de Depósitos merge through incorporation of Banco Nacional Ultramarino into Caixa Geral de Depósitos. Effective July 1, 2000 the Macau Branch of Banco Nacional Ultramarino becomes a bank incorporated in Macau SAR, under the name Banco Nacional Ultramarino S.A., but as a wholly-owned subsidiary of Caixa Geral de Depósitos. Banco Nacional Ultramarino S.A. retains its functions as a note issuer and Agent of the Treasury.
  • 2002 Caixa Geral acquires majority ownership of Mercantile Lisbon Bank in South Africa.

Map of Angola Luanda (formerly called Loanda) is the largest city and capital of Angola. ... Goa (गोआ in DevanāgarÄ«) is Indias smallest state in terms of area and the fourth smallest in terms of population after Sikkim, Mizoram and Arunachal Pradesh. ... National motto: Honra, Pátria e Povo (Portuguese: Honor, Homeland, and People) Official languages Tetum, Portuguese Capital Dili Largest city Dili President Xanana Gusmão Prime Minister Marí Alkatiri Area  - Total  - % water Ranked 154th 15,007 km² Negligible Population  - Total (2005)  - Density Ranked 153rd 1,040,880 69/km² HDI... Kinshasa (formerly Léopoldville) is the capital and largest city of the Democratic Republic of the Congo. ... The Eiffel Tower has become a symbol of Paris throughout the world. ... Mumbai (Hindi / Marathi: मुंबई) (pronounced ), formerly known as Bombay is the capital of the state of Maharashtra, and the most populous city of India, with a estimated population of about 18 million (2005). ... Dili, also spelled Díli, Dilli or Dilly, is the capital of East Timor. ... National motto: Honra, Pátria e Povo (Portuguese: Honor, Homeland, and People) Official languages Tetum, Portuguese Capital Dili Largest city Dili President Xanana Gusmão Prime Minister Marí Alkatiri Area  - Total  - % water Ranked 154th 15,007 km² Negligible Population  - Total (2005)  - Density Ranked 153rd 1,040,880 69/km² HDI...

External link

  • Banco Nacional Ultramarino Macao branch in Macao

  Results from FactBites:
 
EZGeography - Banco Nacional Ultramarino (447 words)
Banco Nacional Ultramarino is a Portuguese bank with operations throughout the world, especially in Portugal's former colonies.
BNU converts its branch in Paris to a subsidiary, Banque Franco-Portugaise d’Outre-Mer.
Banco Nacional Ultramarino S.A. rtains its functions as a note issuer and Agent of the Treasury.
  More results at FactBites »


 

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