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ANSA Merchant Bank
ANSA Merchant Bank Limited was founded in 1998 as ANSA Finance & Merchant Bank. It is a merchant bank located in Trinidad and Tobago. The bank provides services such as auto financing, asset finance, investment services and merchant banking. ANSA Merchant Bank is also a subsidiary of ANSA McAL ANSA McAL Limited is one of Trinidad and Tobago's largest conglomerates, with several diversified companies in the Caribbean, Europe and North America. It is traded on the Trinidad and Tobago Stock Exchange as AMCL. Early History In 1881, Georg ... group. On December 11, 2020, ANSA Merchant Bank Limited purchased the Trinidad and Tobago locations of the Indian Bank of Baroda. In April 2021 the Bank of Baroda branches were rebranded as Ansa Bank branches, Ansa Bank being the bank branch subsidiary of Ansa Merchant Bank. Other subsidiaries are Tatil (general insurances) and Tatil Life (life insurances). References Banks established in 1998 Banks of Trinidad and Tobago {{Trinida ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trinidad And Tobago
Trinidad and Tobago (, ), officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean. Consisting of the main islands Trinidad and Tobago, and numerous much smaller islands, it is situated south of Grenada and off the coast of northeastern Venezuela. It shares maritime boundaries with Barbados to the northeast, Grenada to the northwest and Venezuela to the south and west. Trinidad and Tobago is generally considered to be part of the West Indies. The island country's capital is Port of Spain, while its largest and most populous city is San Fernando. The island of Trinidad was inhabited for centuries by Indigenous peoples before becoming a colony in the Spanish Empire, following the arrival of Christopher Columbus, in 1498. Spanish governor José María Chacón surrendered the island to a British fleet under the command of Sir Ralph Abercromby in 1797. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of Amiens as se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merchant Bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large Eur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ANSA McAL
ANSA McAL Limited is one of Trinidad and Tobago's largest conglomerates, with several diversified companies in the Caribbean, Europe and North America. It is traded on the Trinidad and Tobago Stock Exchange as AMCL. Early History In 1881, George R. Alston established Geo. R. Alston & Co, a company that specialized in buying and exporting of cocoa. In 1890, Alston left Trinidad and Tobago and initiated a partnership deal with McGregor Frame (Frame Alston & Co). Frame Alston & Co then succeeded by Alston Arbuthnot & Co were the London agents of the Trinidad company until the death of Alston in 1918. In 1904, a saw mill and a lumber and hardware store was launched. During that period, Alston & co. advertised its locations in the Port of Spain and was an agent for seven companies. In 1914, the company Alston & co expanded its export and import business to also include ship chandlery, cargo handling and being an agent for steamships lines. During that year, steamships were still usi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1998
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
