June
The brokerage firm Caixa Valores was incorporated into CaixaBI.

May - The bank was bought by CGD,
took over Caixa Investimentos and changed its name to Caixa – Banco de Investimento (“CaixaBI”), starting to act as the investment arm of Group CGD.

Consolidation
of Banco Chemical Finance as an investment bank, with special focus on segments like corporate finance, capital markets, private equity and trading.

October
Following a public tender offer, Group Mundial Confiança became the owner of more than 90% of Banco Chemical (Portugal), S.A. thus becoming the Group’s investment bank.

February
BPSM bought 100% of Chemical SGPS holding, which had 67.7 % of Banco Chemical (Portugal), S.A.

June
With the merger in the United States of Chemical Bank and Manufacturers Hanover, the bank in Portugal changed its name to Banco Chemical (Portugal), S.A.

November
The bank was established as the Portuguese affiliate of Manufacturers Hanover Trust Company, becoming the first foreign bank allowed in the country after the liberalization of the sector in February 1984.