Banco Montepio

Key details

• Launch: 1844

Overview

Banco Montepio is Portuguese mutual savings bank + Montepio Geral Associação Mutualista ~100%+ controlling as Portuguese mutual society parent + one of Portugal's mid-sized commercial banks + founded 1844 in Lisbon Portugal as Montepio Geral mutual society [1, pt-cro].

History

1844 — Montepio Geral mutual society founded in Lisbon Portugal distinctive Portuguese mutualist banking heritage.

1991 — Caixa Económica Montepio Geral commercial banking arm spin-off.

2014 — Montepio mobile banking app launch.

Ownership & operator

Operating entity: Banco Montepio Caixa Económica Montepio Geral (Portuguese mutual savings bank).

Major shareholders: Montepio Geral Associação Mutualista (Portuguese mutual society) ~100%+ controlling.

Regulators: Banco de Portugal + ECB.

Technical integration

Montepio mobile app (iOS + Android) + bancomontepio.pt online + Banco Montepio branch network across Portugal + Angola + Mozambique + Cape Verde + Montepio Visa + Mastercard cards; SEPA + SEPA Instant + EPC-QR + MB Way (Portuguese national mobile payment scheme + P2P).

Implementations & partners

Major Portuguese banking + payments competitors: [[millennium-bcp]] (Banco Comercial Português BCP Millennium BCP; ENXTLS: BCP; Portugal's largest private commercial bank by assets) + [[cgd-portugal]] (Caixa Geral de Depósitos CGD; Portuguese state-owned commercial bank; Portugal's largest commercial bank by assets + branches) + [[novobanco-pt]] (Novo Banco; Portuguese commercial bank; Lone Star Funds US private equity ~75%+ controlling) + [[santander-portugal]] (Santander Portugal; Banco Santander Spain Portuguese subsidiary) + [[banco-bpi]] (Banco BPI; CaixaBank Spanish parent ~94%+ controlling; Portuguese commercial bank) + [[mb-way]] (MB Way Portuguese national mobile payment scheme + P2P).

Regulators: Banco de Portugal + ECB.

Status

Active, Portuguese mutual savings bank + Montepio Geral Associação Mutualista ~100%+ controlling as Portuguese mutual society parent + one of Portugal's mid-sized commercial banks + founded 1844 in Lisbon Portugal as Montepio Geral mutual society [1, 2].

Sources

• 1 Montepio — official
• 2 Montepio — Wikipedia
• pt-cro In-corpus: reports/countries/PT-portugal.md

Source

Biography extracted from montepio-pt.md. See matrix.md for standards-support matrix if present.