July  2001 In accordance with  the merger of Banco Nacional Ultramarino and Caixa Geral de Depósitos 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. March 2001    On March 28th, 2001  the merger of  Banco Nacional Ultramarino  and Caixa Geral de Depósitos,   through incorporation of Banco Nacional Ultramarino  into Caixa Geral de Depósitos 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 Depósitos. Banco Nacional Ultramarino S.A. will remain a notes issuer and Agent of the Treasury.

2000   In April, an agreement was signed with the Administration of  Macau Special Administrative Region of the People´s Republic of China whereby the Bank remains an Agent of the Treasury.

1995   Confirming the Bank as a notes issuer at least until 2010.

1988 - 2001    As part of Caixa Geral de Depósitos Group, Banco Nacional Ultramarino  specializes in  the  small and medium size business market segment, while developing diversified banking activities. During this  period, branches are opened in  London (1991), Zhuhai, the Special Economic Region of China  (1993) and Dili, East Timor (1999). A representative office, inaugurated  in Mumbai, India with one extension to Goa.

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

1974   Banco Nacional Ultramarino was nationalized.

1950 - 1974   BNU further expands its activity in the international financial markets and by the end of the 60s it has the largest branch network in Portugal .  The   Bank of Lisbon and South Africa Ltd is   established in South Africa. In the 70s BNU bought a shareholding interest in  Banque Interatlantique,  a bank in Luxemburg,  and opened a representative office in London.

1864 - 1930   BNU expands its network in Portugal, in  overseas territories and foreign countries. Branches were open in Angola and Cabo Verde (1865), S. Tomé, Goa and Mozambique (1868), Macau and  Guiné Bissau (1902) and Timor  (1912) and BNU becomes the issuing bank in these territories. Subsidy banks were established in 1929 in London, the  Anglo Portuguese Colonial and Overseas Bank Ltd and in Paris, the Banque Franco-Portugaise d’Outre-Mer. BNU establishes  representative offices in Kinshasa (1919) and Mumbai (1920) .

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.