Banco Nacional Ultramarino

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Banco Nacional Ultramarino
大西洋銀行
TypeWholly owned subsidiary
IndustryBanking
Founded1864 in Lisbon, Portugal
HeadquartersMacau
ProductsFinancial services
Employees400 (2013)
ParentCaixa Geral de Depósitos (2001)
Websitewww.bnu.com.mo
 
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Banco Nacional Ultramarino
大西洋銀行
TypeWholly owned subsidiary
IndustryBanking
Founded1864 in Lisbon, Portugal
HeadquartersMacau
ProductsFinancial services
Employees400 (2013)
ParentCaixa Geral de Depósitos (2001)
Websitewww.bnu.com.mo

Banco Nacional Ultramarino (Portuguese pronunciation: [ˈbɐ̃ku nɐsiuˈnaɫ uɫtɾɐmɐˈɾinu]; Chinese: 大西洋銀行; English: National Overseas Bank) was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in 2001.

The Bank continues operations today under the Banco Nacional Ultramarino brand in Macau, a Chinese Special Administrative Region and former Portuguese colony, where it is also licensed to issue Macanese pataca banknotes.

Timeline[edit]

BNU logo
Bas-relief at Banco Nacional Ultramarino, Lisbon, of the coats-of-arms of the Portuguese Empire and various of its colonies
BNU Macau
BNU Tower in Macau
BNU's interests in São Tomé and Príncipe were nationalized and renamed National Bank of São Tomé and Príncipe. In 1993, the government split National Bank into a central bank, Central Bank of São Tomé and Príncipe, and a commercial bank, Banco Internacional de Sao Tome e Principe.
BNU's interests in Cape Verde were nationalized and renamed Bank of Cape Verde. In 1993, the government spun off the commercial banking operations into a new bank, Banco Comercial do Atlantico.

Banknotes[edit]

MOP$100 banknotes issued by BNU

The Monetary Authority of Macao has authorized two banks to issue banknotes denominated in Macanese pataca, the Bank of China and Banco Nacional Ultramarino S.A., CGD's subsidiary in Macau.[2][3] Owing to Macau's Portuguese colonial past, the languages on the banknotes features Portuguese as well as Chinese.

The Banco Nacional Ultramarino introduced its first pataca notes in 1906, in denominations of 1, 5, 50 and 100 pataca. The next year it introduced 10 and 25 pataca notes. The BNU began to issue lower-value notes with 5, 10 and 50 avo notes in 1920, and 1 and 20 avo notes in 1942. In 1944, it introduced a 500 pataca note. After 1952, coins replaced denominations below 10 patacas. The bank discontinued the 25 pataca note in 1958.

Previous note designs included the coat of arms of Portugal; the current issue BNU's corporate logo has replaced the Coat of Arms.

The current issue of BNU banknotes is:

Banco Nacional Ultramarino 2005 Series Banknote
ValueDimensionsColorObverseReversePrinted Date
MOP$10138 × 69 mmYellow/PurpleStatue of Deusa A-Má of MacauBNU buildingAugust 8, 2005
MOP$20143 × 71.5 mmVioletMacau International AirportAugust 8, 2005
MOP$50148 × 74 mmBrownSai Van BridgeAugust 8, 2009
MOP$100153 × 76.5 mmBlueLargo do SenadoAugust 8, 2005
MOP$500158 × 79 mmGreenMacau TowerAugust 8, 2005
MOP$1000163 × 81.5 mmOrangeMacau Cultural CentreAugust 8, 2005

The 2005 series of BNU was printed by Hong Kong Note Printing Limited - Hong Kong.

See also[edit]

References[edit]

  1. ^ Mambu ma Khenzu, E. 2006. A Modern History of Monetary and Financial Systems of Congo, 1885-1995. (Lewiston, New York: Edwin Mellen), p. 132.
  2. ^ "BNU Banknotes Online Exhibition". Banco Nacional Ultramarino S.A. (Macau). Archived from the original on 7 December 2008. Retrieved 2008-11-06. [dead link]
  3. ^ "Issuance of banknotes". Bank of China (Macau). Archived from the original on 2008-06-11. Retrieved 2008-11-06. 

External links[edit]