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Bank Of Khartoum
Bank of Khartoum (BOK), is the largest bank in Sudan. With some 111 or more branches, it is also the commercial bank with the oldest continuous history in the country. The largest single shareholder is Dubai Islamic Bank. In 2011 the government of the United States of America lifted its sanctions on Bank of Khartoum. The US Treasury’s Office of Foreign Assets Control posted a notice on its website that it had removed Bank of Khartoum from the blacklist, meaning Bank of Khartoum could seek the return of blocked assets and resume limited dealings with U.S. financial institutions. However, in March 2014, several European and Saudi Arabian banks announced that they would cease transacting with Bank of Sudan. With the separation of South Sudan from Sudan, the Bank of Khartoum Juba (BOK-JUBA) is now operating as a commercial bank in South Sudan. History The origins of the Bank of Khartoum date back to 1913 when the Anglo-Egyptian Bank established a branch in Khartoum. In 1925, Bar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney's Bank, Gurney, Peckover and Company, united as a joint-stock company, joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first Automated teller machine, cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1913
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Sudan
This article discusses banking in Sudan. History Sudan inherited its banking system from the Anglo-Egyptian Condominium (1899-1955). When the National Bank of Egypt opened in Khartoum in 1901, it obtained a privileged position as banker to and for the government, being a semiofficial central bank. Other banks followed, but the National Bank of Egypt and Barclays Bank in Britain dominated and stabilized banking in Sudan until after World War II. Postwar prosperity created a demand for an increasing number of commercial banks. Before Sudanese independence, there were no restrictions on the movement of funds between Egypt and Sudan, and the value of the currency used in Sudan was tied to that of Egypt. This situation was unsatisfactory to an independent Sudan, which established the Sudan Currency Board to replace Egyptian currency. It was not a central bank because it did not accept deposits, loan money, or provide commercial banks with cash and liquidity. A three-member commis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Bank
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' (leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Cooperative Bank
People's, branded as ''People's Viennaline'' until May 2018, and legally ''Altenrhein Luftfahrt GmbH'', is an Austrian airline headquartered in Vienna. It operates scheduled and charter passenger flights mainly from its base at St. Gallen-Altenrhein Airport in Switzerland. History Founded as People's Viennaline in 2010, the first revenue flight of the company took place on 27 March 2011. For several years, People's only operated a single scheduled route between its homebase and Vienna. However, the route network has since been expanded with some seasonal and charter services. In November 2016, People's inaugurated the world's shortest international jet route (and, after St. Maarten-Anguilla, second shortest international route overall). The flight from St. Gallen-Altenrhein Airport, Switzerland, to Friedrichshafen Airport, Germany, took only eight minutes of flight over Lake Constance and could have been booked individually. The airline faced severe criticism for this service fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grindlays Bank
The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elements of Africa and Southeast Asia. It was styled Grindlay, Christian & Matthews in 1839, Grindlay & Co from 1843, Grindlay & Co Ltd from 1924 and Grindlays Bank Ltd in 1947 until its merger with the National Bank of India. The National Bank of India was formed in 1863 and became one of the larger London overseas banks operating not only in the Indian sub-continent but in communities around the Indian Ocean. In 1948 it purchased the smaller Grindlays Bank Ltd, renaming itself National and Grindlays Bank Ltd some ten years later.Geoffrey Tyson, 100 Years of Banking in Asia and Africa, (1963) Following further acquisitions, its name was shortened to Grindlays Bank in 1974. Grindlays was taken over by Australia and New Zealand Banking Group i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Ethiopia
The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around 22,908 employees, who staff its headquarters and its over 1000+ branches positioned in the main cities and regional towns. The latter include 120 branches in the national capital Addis Ababa. With the opening of a branch in the Gechi in the Illubabor Zone, CBE's banking network has reached online 783 branches. The bank has reached 1284 branches as of 10 August 2018. The bank also operates two branches in South Sudan. It is contemplating re-opening a branch in Djibouti, and opening branches in Dubai and Washington, DC, all to serve the Ethiopian diaspora. The bank is pioneer to introduce modern banking to Ethiopia and credited for playing a catalytic role in the economic progress and development of the country. It is also the first bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab Bank
Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves clients in more than 600 branches spanning five continents. Arab Bank is a publicly held shareholding company listed on the Amman Stock Exchange. The bank is a major economic engine in Jordan and throughout the Middle East and North Africa region, providing banking services and capital, and facilitating development and trade throughout the region. According to its website, the bank is the highest-ranked by market capitalization, and represents approximately 25% of the Amman Stock Exchange. U.S. appellate courts have ruled in the bank's favor in several lawsuits filed in the 2000s alleging its involvement in facilitating the funding of terrorist organizations. History Establishment (1940–1970s) In the 1940s and 1950s, the bank grew t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Misr
Banque Misr ( ar, بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for foreign workers in Egypt. History The idea of a national bank of Egypt dates to at least the days of Muhammad Ali, who ordered the establishment of a bank with 700,000 riyals shortly before he became ill and died. Amin Shumayyil wrote an article in favor of the idea in April 26, 1879 in the newspaper Al-Tijara; although a number of Egyptian dignitaries met to discuss the project, the conflict between the Khedive Isma'il Pasha and the National Assembly and subsequent ʻUrabi revolt doomed the idea this time. Revolt leader Ahmed ʻUrabi’s friend Wilfrid Scawen Blunt reports in his memoirs that Urabi had envisioned a “credit bank” for farmer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Bank
The Ottoman Bank ( tr, Osmanlı Bankası), known from 1863 to 1925 as the Imperial Ottoman Bank (french: Banque Impériale Ottomane, ota, بانق عثمانی شاهانه) and correspondingly referred to by its French acronym BIO, was a bank that played a major role in the financial history of the Ottoman Empire. By the early 20th century, it was the dominant bank in the Ottoman Empire, and one of the largest in the world. It was founded in 1856 as a British institution chartered in London, and reorganized in 1863 as a French-British venture with head office in Constantinople, on a principle of strict equality between British and French stakeholders. It soon became dominated by French interests, however, primarily because of the greater success of its offerings among French savers than British ones. In its early years, the BIO was principally a lender to the Ottoman government with a monopoly on banknote issuance and other public-interest roles, including all treasury operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank (Dominion, Colonial And Overseas)
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008. Barclays has a pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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