Banco Nacional Ultramarino
In 1995, the bank merged with Bank of Lisbon International (BLI) - a bank established in 1965. Shortly thereafter in 1996, the bank holding company name was changed from 'Mercantile Bank Holdings Limited' to 'Mercantile Lisbon Bank Holdings Limited' (MLBH). Earlier in 1995, the Portugal state-owned bank - Caixa Geral de Depósitos (CGD) had acquired a 27% stake in MLBH through its subsidiary Banco Nacional Ultramarino (presently the Macau based Banco Nacional Ultramarino SA).