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Apresentao dos Resultados Click to edit Master title style CGD A Financial Reference in Portugal A Trade Route Connecting Four Continents Investor Presentation May 2014 (1 st quarter 2014 unaudited accounts) Investor Relations Office Av.

  1. Apresentação dos Resultados Click to edit Master title style CGD A Financial Reference in Portugal A Trade Route Connecting Four Continents Investor Presentation May 2014 (1 st quarter 2014 unaudited accounts) Investor Relations Office Av. Joao XXI, 63 1000-300 LISBOA PORTUGAL Ph.: (+351) 217 953 000 Email: investor.relations@cgd.pt Site: http://www.cgd.pt

  2. Our Principles LONG TERM COMMITMENT TO THE ECONOMY AND PORTUGUESE SOCIETY BUSINESS FULLY ORIENTED TO CUSTOMER SUPPORT THE CORPORATE SECTOR, NAMELY THE BEST SME PROMOTION OF HUMAN TALENT AND TEAMWORK HIGHEST ETHICAL STANDARDS INNOVATION SOCIAL RESPONSIBILITY AND GLOBAL SUSTAINABILITY 2 May 2014

  3. Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1: Economic Update Appendix 2: CGD Ratings and Consolidated Main Financial Indicators Appendix 3 - Mortgage Covered Bonds Appendix 4 - Sustainability 3 May 2014

  4. A Financial Reference in Portugal A Trade Route Connecting Four Continents • Restructuring Plan for 2013 – 2015 on track. • Focus on banking activity. Strategic Guidelines • Restructuring of the corporate and governance model. • Transformation of the bank to adjust to a renewed economic paradigm. • Strong franchise as a universal bank and a dominant financial group in Portugal. • Extensive network of Banks, branches and representative offices with different Market Leadership organizational structures, stakes and business models, connecting mature and and Global Reach fast growing markets. • Increasing emphasis on corporate business and international activity. Performance • Focus on operational rationalisation and efficiency. • #1 market share in deposits with loyal and growing customer base. • Sound liquidity profile: retail resources contribute with 77% of total funding. Funding and • Continuous reduction of ECB funding. • Successful return to the international capital markets. Liquidity • Wide and granular distribution in funding instruments and maturity smoothing. 4 May 2014

  5. A Financial Reference in Portugal A Trade Route Connecting Four Continents • Healthy capital base comfortably above both national and European regulatory requirements. Solvency • Capital ratios above Basel III requirements. • Diversified portfolio with no major exposures to a specific segment or sector. • Rigorous and prudent risk management and provisioning. Asset • Strengthening of credit control, monitoring and recovery policies. Quality • New risk committee at non-executive board level. • CGD is the Most Valuable Banking Brand, distinction of the Brand Finance . • CGD continues to further a structured, comprehensive sustainability programme, recognised by domestic and international entities which monitor Sustainability and audit its performance. • In 2013 CGD subscribed to the 10 Global Compact principles, universally accepted in the human rights, labour practice, environmental protection and anti-corruption areas. 5 May 2014

  6. Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1: Economic Update Appendix 2: CGD Ratings and Consolidated Main Financial Indicators Appendix 3 - Mortgage Covered Bonds Appendix 4 - Sustainability 6 May 2014

  7. CGD Group Overview Group Overview Loans and Advances to Customers • Market Share – Portugal (Mar 2014) Established in 1876 and fully owned by the Portuguese State; % 26.5% • 21.6% Strong franchise as a universal Bank and a 18.2% dominant financial group in Portugal; • Leading position in the retail market with 4 million customers in Portugal and assets in excess of 112 B € ; Corporate Individual Total Credit (Mortgage) • Total network of 1,225 branches connecting Deposits from Customers developed countries with the fast growing economies around the world, from which: Market Share – Portugal (Mar 2014) % 805 in Portugal and;  420 branches abroad;  32.4% 27.9% • Largest international platform among Portuguese banks: 23 countries/4 continents; 11.9% • CGD Banking Brands with the Best Reputation - Reputation Institute. Corporate Individual Total Deposits 7 May 2014

  8. CGD Group Overview Global Reach Iberia (Portugal and Spain) Macao / South China Africa Brazil (Angola, Mozambique and South Africa) Extensive network of Banks, branches and representative offices with different organizational structures, stakes and business models, connecting mature and fast growing markets. 8 May 2014

  9. CGD Group Overview Vying for High Growth Markets 1.5% 6.8% EURO AREA 7.5% GDP Growth DEVELOPING ASIA Mozambique 7.7% 7.4% China 5.4% Angola 5.2% 3.5% Cape Verde 3.4% South Africa 2.8% SUB-SAHARAN AFRICA Brazil 2.6% LATIN AMERICA France 1.7% AND THE CARIBBEAN Spain 0.4% Source: IMF Statistics - April 2014 % Annual average of GDP projected growth rate spanning the period from 2011 to 2019: 9 May 2014

  10. CGD Group Overview Diversifying Resource Taking International Activity Contribution % % Credit Geographic Distribution Deposits Geographic Distribution Asia Spain 13% 18% Asia Spain 32% 33% PALOP* 16% Mar 14 Mar 14 France 17% Other 10% Other PALOP France 9% 24% 28% (*) Portuguese Language Speaking African Countries (*) Portuguese Language Speaking African Countries Março 2013 International business contributed significantly to resource taking, with special reference to the operations in Africa, Asia and also in Spain. 10 May 2014

  11. Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1: Economic Update Appendix 2: CGD Ratings and Consolidated Main Financial Indicators Appendix 3 - Mortgage Covered Bonds Appendix 4 - Sustainability 11 May 2014

  12. Funding and Liquidity Deposits as the Major Funding Contributor Funding Structure % % Funding Sources Retail Funding Breakdown Off-balance Sheet 14% Bancassurance Institutional 11% (Bonds+CP) + Other CoCos Customer 9% Mar 2014 Mar 2014 Resources 3% Retail Customer 77% Deposits 86% Sound liquidity profile, due to a large and stable deposit base: • 3/4 of deposits hail from households; • 2/3 of deposits are term and savings deposits. 12 May 2014

  13. Funding and Liquidity Strong Deposits Base Deposits Evolution Overall Deposits Evolution B € 64.0 66.7 67.6 66.2 60.2 International 13.3 14.6 13.5 11.6 9.9 Domestic market 53.4 52.4 53.0 52.7 50.3 2010 2011 2012 2013 Mar-14 Source: BoP Monetary and Financial Statistics There is a stabilization of the deposit base, particularly at the household level, in line with the banking system. 13 May 2014

  14. Funding and Liquidity Loans-to-Deposits Ratio Loans-to Deposits Ratio % Loans-to-Deposits Ratio Evolution The Loans-to-Deposits Ratio, measured by net 136.0% credit to customer 122.2% deposits, at 103.6%, is 112.0% 103.6% 103.6% lower than the maximum indicative ratio of 120% set for Portuguese banks by 2014 under the Economic and Financial Assistance Programme. 2010 2011 2012 2013 Mar-14 Deleveraging process and low economic activity contributed to the ratio decrease since 2010. 14 May 2014

  15. Funding and Liquidity Ample Collateral Pool Available ECB Funds used by CGD Group and Available Collateral Pool M € 10,106 Available 5,444 10,701 Used 5,773 8,702 Used - LTRO 1,920 7,332 1,090 1,270 7,981 6,495 5,245 4,995 2,955 2010 2011 2012 2013 Mar-14 Continuous reduction of ECB funding and ample available collateral pool, mainly Portuguese Government Bonds and CGD Bonds, not including credit claims which could generate additional collateral. 15 May 2014

  16. Funding and Liquidity Available Collateral Pool Covers Upcoming Maturities CGD’s Wholesale Redemptions Calendar (Outstanding as of March 2014) Cumulative Wholesale Funding Redemptions vs. Available ECB Collateral Pool Low annual redemptions relative to CGD Group total funding resources and current liquidity buffer. 16 May 2014

  17. Funding and Liquidity Tapping International Capital Markets Issuer Caixa Geral de Depósitos SA Format 3 Year Senior Unsecured Announcement 27-Nov-12 Issue Size € 500 MM Coupon 5.625% Reoffer Yield 5.750% Bookrunners Caixa BI/ Credit Suisse/ JP Morgan/ Morgan Stanley 212 Investors Allocation by Geography Allocation by Type of Investor BeNeLux Middle East Other Insurance Spain Switzerland 7% 3% 2% 4% 5% 7% Germany & UK Austria 34% Banks 7% 23% Asset Managers Italy 66% France 10% 12% Portugal Other 12% 8% 17 May 2014

  18. Funding and Liquidity Re-opening of the Portuguese Covered Bond Market Issuer Caixa Geral de Depósitos SA Format 5 Year Covered Bond Announcement 11-Jan-13 Issue Size € 750 MM Coupon 3.750% Reoffer Yield Mid-Swaps + 285 bps Bookrunners Caixa BI/Credit Suisse/UBS/Commerzbank/SG 192 Investors ; ‘A’ rating (DBRS) Allocation by Geography Allocation by Type of Investor Other Scandinavia Other Insurance Portugal 6% 7% 3% 8% Private Banks 10% Spain 2% 10% Switzerland 11% Banks Germany 25% &Austria Asset Managers UK 19% 62% 19% France 13% Andorra 1% Benelux Italy 2% 2% 18 May 2014

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