Paulo Macedo says that the closure of Caixa in Luxembourg was to take place by the end of the year

The president of Caixa Geral de Depósitos (CGD) said Friday that the closure of the Luxembourg branch had already been planned since 2016 in the plan agreed with the European Commission, which will take place by the end of the year,

"There has been no change since 2016, the branch had to close since 2016 under the name of [ilhas] Caymam, New York, London," said Paulo Macedo, by presenting to reporters the results of the first half, period

Asked about the influx of clients in the two CGD agencies in Luxembourg, with many customers withdrawing money, Paulo Macedo said that there was "total security over the deposits". "The influx to the agencies can still be, we think that there is also an influx of holidaymakers. Luxembourg being a branch, the answer is [pela liquidez] that is CGD as a whole, there is total security on the deposits, it is very clear "The CGD branch in Luxembourg will be closed by the end of the year," Paulo Macedo said in the coming months in order to evaluate "everything that needs to be done to provide customer service and future service to the community."

"

As to whether CGD will maintain a presence in Luxembourg, where there is a Important Portuguese community, the president of the bank said that it would be valued for example a representative office, especially from the eventual buyer of the operation. CGD in Luxembourg has two branches, 23 employees (with whom CGD negotiates the exit) and around 6,500 customers, half of whom are also customers of CGD in Portugal.

The news of the closure of the branches Caixa Geral de Depósitos in Luxembourg, published Thursday in a joint statement of the Luxembourg Banking Union (Aleba) and the trade union centers of the OGB-L

Lusa spoke today with several customers who transferred their deposits to other accounts, worried about the situation
In Luxembourg live about 96 000 Portuguese