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1864

Banco Nacional Ultramarino is established in Lisbon, Portugal, with the initial objective of acting as an issuing bank in the Portuguese overseas territories and to contribute to their economic development.

1864 - 1912

BNU expands its network in Portugal, in overseas territories and foreign countries.

Branches were open in Angola and Cabo Verde (1865), S. Tome, Goa and Mozambique (1868), Macau and Guine Bissau (1902) and Timor (1912) and BNU becomes the issuing bank in these territories.

1974

Banco Nacional Ultramarino was nationalized.

1988

On July 5th 1988, Caixa Geral de Depositos becames the majority shareholder of Banco Nacional Ultramarino S.A. the Republic of Portugal is the only other shareholder.

1995

Confirming the Bank as a notes issuer at least until 2010.

2000

In April, an agreement was signed with the Administration of Macau Special Administrative Region of the Peopleˇs Republic of China whereby the Bank remains an Agent of the Treasury.

March 2001

On March 28th, 2001 the merger of Banco Nacional Ultramarino and Caixa Geral de Depositos, through incorporation of Banco Nacional Ultramarino into Caixa Geral de Depositos was announced.

As provided by the merger plan, the Macau Branch of Banco Nacional Ultramarino will become a bank incorporated in Macau SAR, retaining the name Banco Nacional Ultramarino S.A. and being a wholly-owned subsidiary of Caixa Geral de Depositos.

Banco Nacional Ultramarino S.A. will remain a notes issuer and Agent of the Treasury.

July 2001

In accordance with the merger of Banco Nacional Ultramarino and Caixa Geral de Depositos by incorporation of BNU into CGD, the Macau Branch of Banco Nacional Ultramarino became, as of July 1, 2001, a wholly-owned subsidiary of Caixa Geral de Depositos, incorporated in Macau.

Banco Nacional Ultramarino has issued Macau Patacas since 1905.


BNU in 1926


Banco Nacional Ultramarino appears on the following banknote(s):
MOP P066 1996 20 Patacas
MOP P071 1999 20 Patacas

Bank of China
Bank of China - Hong Kong Branch
Bank of China - Macau Branch
People's Bank of China
The Central Bank of China
Bank of Taiwan
The Hongkong and Shanghai Banking Corperation Limited
Standard Chartered Bank
Banco Nacional Ultramarino
  

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