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Multibanco is a Portuguese interbank network.It is the largest interbank network in Portugal owned and operated by SIBS (Sociedade Interbancária de Serviços S.A.), that links the ATMs of 27 banks in Portugal, totaling 12,700 machines as of December 2014. [1]
NOS, SGPS S.A. is a Portuguese telecommunications and media company which provides mobile and fixed telephony, cable television, satellite television and internet.The company resulted from the merger in 2013 of two of the country's major telecommunications companies: Zon Multimédia (formerly known as PT Multimédia, a spun-off media arm of Portugal Telecom) and Sonae's Optimus Telecommunications.
These banks are domestic systemically important bank and are supervised by European Banking Supervision (the supervisory arm of the ECB). [2] Banco Comercial Português; Caixa Geral de Depósitos; Novo Banco
As of 2023, 94% of households had high-speed Internet services [1] and 97% of companies had Internet access. [2] Most Portuguese watch television through fibre-optic (2023: 66.2% of households). [1] Paid Internet connections are available at many cafés, as well as many post offices.
Multibanco is the single unified interbank network in Portugal, that links the ATMs of all Portuguese banks. This network has existed since 1985 and is owned by SIBS (Sociedade Interbancária de Serviços). Multibanco is a fully integrated interbank network and offers many more services than those usually found in other countries' networks.
1918 — CGD developed general banking operations. 1924 — CGD acquired Banco Financial Português in Brazil. 1969 — CGD, a public service subject to the state's administrative rules, became a state-owned company. 1974 – CGD acquired a 5% stake in Banco Itaú when Itaú acquired Banco Português do Brasil, founded in 1918.
For example, the country's largest bank, Banco do Brasil, offers the number 4004-0001 for its clients to access its home banking services in major cities (where most clients are) paying local rates, and the toll-free number 0800-729-0001 for clients elsewhere in the country.
In the 1970s, it merged with Banco Aliança in Rio de Janeiro (1973), Banco Português do Brasil (1974), and Banco União Comercial (1974). In 1979, it opened its first operations abroad with a representative office in New York City and a subsidiary in Buenos Aires .