The European Magazine continues to acknowledge businesses that enable and boost the economy and recognizes a selection of companies, such as such as Banco Nacional Ultramarino, for their progress, competitiveness and outstanding performance in their respective fields.

Banco Nacional Ultramarino (BNU) received the “Most Innovative Bank Of The Year 2018 – South East Asia 2018” and the “Best Banking CEO – Macau 2018 – Pedro Cardoso” awards from The European Magazine.

As the first note-issuing bank in Macau, with 115 years of history on supporting and serving the Macau community, BNU is still reinventing itself to provide the highest level of service quality and customer satisfaction in an exceptionally competitive environment. As a result, BNU had more than doubled its business from 2011 to 2016, under the leadership of Pedro Cardoso, CEO of BNU. The Bank is always at the forefront of offering cutting-edge products and services to its customers. New initiatives launched in 2017 range from new premium credit card and financing products, to anniversary logo design competition and digital games to enhance the Bank’s image and connect to the community. BNU has also expanded its social media presence via channels including facebook and WeChat.

Pedro Cardoso mentioned, “Winning these two awards, I believe, is a sign of affirmation on BNU’s continuous commitment to the local community, our customers and other stakeholders. We face the future with great optimism and enthusiasm and these awards reinforce our belief that we are on the right track”.

About BNU

BNU is part of Caixa Geral de Depósitos (CGD) Group, which is one of Europe’s largest financial institutions with an extensive global network in 23 countries in Europe, Asia, Africa and the Americas. CGD has presence in seven PSCs and holds a leading position in five of them. It is also present in Macau, Zhuhai-Hengqin and Shanghai and thus has a strong platform to link up China and Macau with PSCs.

About Pedro Cardoso, CEO of BNU
After obtaining an MBA from the Catholic University of Portugal, Pedro Cardoso began his journey up the management ladder at Banco Comercial Português, where he worked as Deputy General Manager of its New York branch. Having proven himself in the US banking sector, he returned to Europe, where he took his first executive role as CFO of Madrid’s Banco Caixa Geral. In 2008, he was nominated as a board member of Caixa Geral de Depósitos, the largest Portuguese banking group, before he was appointed CEO of Macau-based Banco Nacional Ultramarino (BNU) in 2011. Proficient in five languages including Mandarin, today Cardoso is working to extend BNU’s reach beyond Macau to mainland China.