Banco Carregosa

What Banco Carregosa does

Banco Carregosa is an independent Portuguese private bank operating under the legal name Banco L. J. Carregosa, S.A., with headquarters in Porto and a branch in Lisbon. Founded in 1833 as a currency exchange house during the Portuguese Civil War and formally incorporated as a bank on 19 June 2008, the institution is supervised by Banco de Portugal (registration #0235) and the CMVM (#0169). As of December 31, 2024, it reported a Core Tier 1 ratio of 19.48%, well above regulatory minimums and the sector average. It serves high-net-worth individuals, families, family offices, institutional and corporate clients, savings and investment customers, and — via the Carregosa NextGen sub-brand — younger investors up to 30 years old.

The core product set spans Private Banking (asset management, investment advisory, wealth planning, specialized credit, alternative investments), Savings and Investment (term deposits, PPR pension plans, investment funds, unit-linked insurance, structured Notes), and Institutional/Corporate services (cash management, corporate finance, institutional custody, brokerage, risk coverage). The technology layer centers on two proprietary trading platforms — GoBulling Pro for professional traders and GoBulling Investor for retail — providing access to over 30,000 financial instruments across 40+ global markets. These are augmented by third-party integrations including Morningstar Fund Research (1,000+ funds, 10+ screening criteria) and Autochartist pattern recognition within GoBulling Pro. Onboarding is fully digital via the Portuguese Chave Móvel Digital authentication system.

Revenue is generated through four primary streams: recurring private banking advisory and management fees on assets under supervision exceeding €5 billion, transaction-based trading and brokerage commissions across multiple asset classes (equities, bonds, ETFs, funds, CFDs, forex, futures, options), interest and fee income from specialized credit operations (margin accounts, guarantee lines, corporate credit), and net interest margin from term deposits, savings products, and PPR pension schemes. Distribution operates through dedicated Private Bankers (relationship-led), physical branches in Porto and Lisbon, a self-serve digital account opening channel, and a flagship protocol partnership with DECO PROteste for member acquisition. Marketing is content-led via the Insights platform, Academy financial literacy program, Think Tank Carregosa podcast, and quarterly Outlook publications.

Name

Banco Carregosa

Legal name

Banco L. J. Carregosa, S.A.

Website

https://bancocarregosa.com

Company type

Private

Founded year

1833

Operating status

Operating

Headcount range

101–250 employees

Short description

Banco Carregosa is an independent Portuguese private bank founded in 1833, headquartered in Porto, serving high-net-worth individuals, families, family offices, and institutional clients across Portugal with wealth management, investment advisory, and proprietary GoBulling trading platforms covering 40+ global markets.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

Keywords

• Private banking
• Wealth management
• Investment funds
• Trading platforms
• Asset management

Headquarters

HQ city

Porto

HQ country

Portugal

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Private Banking Advisory and Management Fees: Fees from managing high-net-worth client assets through personalized wealth management services including asset management, investment advisory, and portfolio management.
2. Trading and Brokerage Commissions: Commission revenue from executing trades across equities, bonds, ETFs, investment funds, CFDs, forex, futures, and options through GoBulling platforms.
3. Credit Operations: Interest income and fees from specialized credit products including margin accounts, guarantee lines, and credit models for institutional and corporate clients.
4. Deposit Taking: Interest margin from term deposits, savings products, and pension savings schemes (PPR).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Banco Carregosa is a Portuguese independent private bank offering wealth management, investment advisory, and asset management services to high-net-worth individuals, families, family offices, institutional, and corporate clients. It distributes savings and investment products (term deposits, pension plans, investment funds, unit-linked insurance, structured notes, real estate funds, precious metals) alongside proprietary electronic trading platforms GoBulling Pro and GoBulling Investor that provide access to over 30,000 financial instruments across 40+ global markets.

Product overview

Banco Carregosa is an independent Portuguese private bank founded in 1833, operating as a next-generation Wealth Management institution. The company offers a multi-platform ecosystem combining personalized advisory services with digital trading solutions. Core offerings include Private Banking (wealth management, investment advisory, asset management), Savings and Investment (term deposits, pension plans, investment funds, unit-linked insurance, structured products), and the proprietary GoBulling trading platforms (GoBulling Pro and GoBulling Investor) enabling access to 40+ global markets with 30,000+ assets. Additional services include Carregosa NextGen for young investors (under 30), Institutional and Corporate services, alternative investments (real estate funds, precious metals), and comprehensive research through the Investment Department. The product architecture combines high-touch personalized advisory with technology-enabled self-directed trading, supported by Morningstar research tools and Autochartist pattern recognition integrations.

Differentiator

Problem solved

Functional benefit

Brands

• GoBulling: Electronic trading platform created by Banco Carregosa for investing in global stock exchanges with more than 30,000 available assets across 40+ global markets.
• Carregosa NextGen

Products and services

• GoBulling Investor Digital trading platform designed for retail investors to access global financial markets. Offers intuitive interface for trading across multiple asset classes including equities, ETFs, bonds, funds, CFDs, forex, futures, and options via Banco Carregosa's banking relationship.
• GoBulling Pro Professional-grade trading platform offering advanced charting, technical analysis tools, Autochartist pattern recognition, and direct market access to over 30,000 financial instruments across 40+ global markets for professional clients of Banco Carregosa.
• Private Banking Comprehensive wealth management service offering personalized investment advisory, asset management, financial markets access, wealth advisory, alternative investments, and specialized credit for high-net-worth clients, delivered via dedicated Private Bankers.
• Savings and Investment Solutions Comprehensive savings and investment offering for individual clients including term deposits, pension savings plans (PPR), investment funds, one-off investment advisory, asset management, structured products, and margin credit, with access to the GoBulling trading platforms.
• Investment Funds Range of investment fund options including sustainable ESG funds, thematic funds (technology, health, sustainability), Morningstar research tool integration, and access to VIP real estate investment fund.
• Term Deposits Savings products including Poupança Crescente (growing savings), Win-Win, Bem-Vindo (welcome deposit), and Soma e Segue, prioritizing capital preservation.
• Unit-Linked Insurance Insurance contracts linked to investment funds offering flexible investment with insurance protection, available in partnership with DECO PROteste.
• VIP Property Investment Fund Real estate investment fund allowing indirect investment in property markets with potential for rental income and capital appreciation.
• Structured Notes (Capital Protected) Medium-term debt instruments with returns linked to the performance of equities, indices, or exchange rates, offering capital protection features.
• Precious Metals (Gold) Investment in precious metals, particularly gold, providing a timeless safe-haven asset with inverse correlation to global markets.
• Pension Savings Scheme (PPR) Long-term retirement savings plans with tax advantages designed for future planning and investment.
• Institutional and Corporate Services Services for institutional clients and companies including Cash Management, Corporate Finance, Institutional Custody, Financial Brokerage, Specialized Credit, Asset Management, and Risk Coverage.
• Carregosa NextGen Innovative banking service with intuitive platform designed for young people up to age 30, offering simplified investment solutions and savings products with preferential NextGen Protocol brokerage conditions.
• My.BancoCarregosa (Home Banking) Home banking platform providing account access, authentication, DMIF questionnaire, and chat functionality for existing Banco Carregosa clients.

Quantifiable outcome

• Assets under supervision exceeding €5 billion
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core, flagship and minor.

• MorningstarcoreTechnology or IntegrationPartnership providing the Morningstar Fund Research Tool, an advanced fund search capability integrated into Banco Carregosa's services. Offers access to over 1,000 funds with more than 10 selection criteria including management company, asset composition, risk categories, and return levels.
• DECO PROtesteflagshipGTM or Marketing PartnerProtocol partnership offering exclusive brokerage and investment fund services to DECO PROteste members. Includes DECO PROteste/GoBulling Brokerage Protocol, DECO PROteste Investment Funds Protocol, and DECO PROteste Unit-Linked Insurance Plan Protocol.
• GoBulling Investor NextGen Protocol PartnersminorChannel Partner/ Reseller/ DistributorBrokerage partnerships targeting young investors up to 30 years old through the Carregosa NextGen program, providing discounted or preferential trading conditions.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Banco de Investimento Global (BIG / Banco Invest): Portuguese independent investment bank and wealth manager offering brokerage, asset management, and private banking services. Closest comparable to Banco Carregosa as a domestically focused, independent Portuguese financial institution serving similar HNW and institutional clients.
• Bison Bank: Portuguese private bank focused on wealth management, asset management, and corporate advisory for HNW and institutional clients. Highly comparable in business model and target market to Banco Carregosa, also competing in the independent private banking niche.
• Banco Finantia: Portuguese independent private bank offering wealth management, investment advisory, and corporate services. Comparable as another boutique Portuguese financial institution focused on private clients with similar product breadth.
• Pictet Group: Swiss independent private bank and asset manager with a strong Iberian presence. Closely comparable to Banco Carregosa as an independent, family-owned wealth manager emphasizing personalized advisory and long-term relationships with HNW clients.
• Mirabaud: Swiss independent private banking group offering wealth management, asset management, and securities services. Highly comparable to Banco Carregosa as a boutique, family-controlled independent bank focused on personalized HNW advisory.

Broad incumbents

• Novo Banco: One of Portugal's largest banks with significant private banking and asset management operations. Competes for the same HNW segment as Banco Carregosa but with substantially greater scale, branch network, and product breadth.
• Millennium BCP: Portugal's largest private-sector bank with a well-established Private Banking division serving HNW clients. Overlaps with Banco Carregosa in target segment and product offerings but operates at much greater scale.
• Caixa Geral de Depósitos: Portugal's state-owned universal bank with broad wealth management offerings. Competes with Banco Carregosa across the savings, investment, and HNW segments through its vast branch network and product portfolio.
• Banco BPI: Major Portuguese universal bank with a significant private banking and wealth management franchise. Comparable as a competitor for HNW clients in Portugal, though operating at materially larger scale.

Regional players

• Haitong Bank (Portugal): Subsidiary of China's Haitong Securities operating in Portugal offering investment banking, asset management, and securities services. Comparable as an international player serving the Portuguese institutional and HNW market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@bancocarregosa
• Xx.com/bancocarregosa
• Facebookfacebook.com/BancoCarregosa
• LinkedInlinkedin.com/company/banco-carregosa

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Carregosa