|
Banque Française Commerciale Océan Indien
Banque Française Commerciale Océan Indien (BFCOI) is a French bank that since 2003 has been jointly owned by Mauritius Commercial Bank and Société Générale. It has its headquarters in Saint Denis, Réunion. It has more than 360 employees and more than 80 000 clients in its operations in Réunion (13 branches), Mayotte (three branches), and Paris (one branch), which primarily engages in private banking. History In 1984, the Banque Française Commerciale (BFC; the former Franco-Chinese Bank) restructured itself as a holding company. It established three legally and operationally distinct companies: (BFC), with branches in France; BFCOI, with branches in Reunion, Mayotte and the Seychelles; and (BFCAG), with branches in French Guiana and the Antilles. Banque Indosuez owned the entire share capital of all three entities. Banque Indosuez sold a majority position (66.66%) in BFCOI to Mauritius Commercial Bank (MCB) in 1996; Banque Indosuez retained 22.22%. The next year, BFCOI o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius Commercial Bank
Mauritius Commercial Bank (MCB) is a commercial bank in Mauritius. MCB is licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator. The bank's headquarters are located in Port Louis, Mauritius. Overview Mauritius Commercial Bank, founded in 1838, is the oldest and largest banking institution of Mauritius. It is also the oldest banking institution south of the Sahara and one of the oldest banks of the Commonwealth to have preserved its original name. MCB has a local network of 40 modern branches and 150 ATMs. The holding structure of the MCB Group translates its two-fold strategy namely diversification into financial services through local subsidiaries and associated companies and regional expansion through its foreign subsidiaries. MCB operates in Madagascar, Maldives, Mozambique and Seychelles. The Group has also consolidated its presence in Réunion, Mayotte and Paris through BFCOI, its associate. The MCB opened a representative offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint-Denis, Réunion
Saint-Denis (, , unofficially Saint-Denis de La Réunion for disambiguation; ) is the prefecture (administrative capital) of the French overseas department and region of Réunion, in the Indian Ocean. It is located at the island's northernmost point, close to the mouth of the Rivière Saint-Denis. Saint-Denis is the most populous commune in the French overseas departments and the nineteenth most populous in all of France. At the 2019 census, there were 314,880 inhabitants in the metropolitan area of Saint-Denis (as defined by INSEE), 153,810 of whom lived in the city (commune) of Saint-Denis proper and the remainder in the neighbouring communes of La Possession, Sainte-Marie, Sainte-Suzanne, Saint-André, and Bras-Panon. History Foundation Saint-Denis was founded in 1669 by Étienne Regnault, first governor of Bourbon Island (as La Réunion was then called), on the northern side of the island, where a larger and more fertile plain was deemed more propitious for the deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Réunion
Réunion (; french: La Réunion, ; previously ''Île Bourbon''; rcf, label= Reunionese Creole, La Rényon) is an island in the Indian Ocean that is an overseas department and region of France. It is located approximately east of the island of Madagascar and southwest of the island of Mauritius. , it had a population of 868,846. Like the other four overseas departments, Réunion also holds the status of a region of France, and is an integral part of the French Republic. Réunion is an outermost region of the European Union and is part of the eurozone. Réunion and the fellow French overseas department of Mayotte are the only eurozone regions located in the Southern Hemisphere. As in the rest of France, the official language of Réunion is French. In addition, a majority of the region's population speaks Réunion Creole. Toponymy When France took possession of the island in the seventeenth century, it was named Bourbon, after the dynasty that then ruled France. To break ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mayotte
Mayotte (; french: Mayotte, ; Shimaore: ''Maore'', ; Kibushi: ''Maori'', ), officially the Department of Mayotte (french: Département de Mayotte), is an overseas department and region and single territorial collectivity of France. It is located in the northern part of the Mozambique Channel in the Indian Ocean off the coast of Southeastern Africa, between Northwestern Madagascar and Northeastern Mozambique. Mayotte consists of a main island, Grande-Terre (or Maore), a smaller island, Petite-Terre (or Pamanzi), as well as several islets around these two. Mayotte is the most prosperous territory in the Mozambique Channel, making it a major destination for immigration. Mayotte's land area is and, with its 299,348 people according to January 2022 official estimates, is very densely populated at 800 inhabitants per km2 (2,073 per sq mi). The biggest city and prefecture is Mamoudzou on Grande-Terre. The Dzaoudzi–Pamandzi International Airport is located on the neighbouring is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Française Commerciale
The Franco-Chinese Bank, in French Banque Franco-Chinoise (BFC), full name Banque Franco-Chinoise pour le Commerce et l’Industrie ( zh, ä¸æ³•å·¥å•†é“¶è¡Œ), was a French bank with operations in China and French Indochina, and later in the Indian Ocean and the French West Indies. In 1925 it succeeded the Société française de gérance de la Banque industrielle de Chine, an asset management company that had been formed in October 1922 following the collapse of the Banque Industrielle de Chine. In 1964, after the loss of much of its original activity in Asia, its name was changed to Banque Française pour le Commerce, and in 1968, to Banque Française Commerciale, thus preserving the acronym BFC. The BFC brand survives in Banque Française Commerciale Océan Indien, since 2003 a joint venture between Mauritius Commercial Bank and Société Générale with operations in Réunion and Mayotte. Société française de gérance de la Banque industrielle de Chine (1922-1925) The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franco-Chinese Bank
The Franco-Chinese Bank, in French Banque Franco-Chinoise (BFC), full name Banque Franco-Chinoise pour le Commerce et l’Industrie ( zh, ä¸æ³•å·¥å•†é“¶è¡Œ), was a French bank with operations in China and French Indochina, and later in the Indian Ocean and the French West Indies. In 1925 it succeeded the Société française de gérance de la Banque industrielle de Chine, an asset management company that had been formed in October 1922 following the collapse of the Banque Industrielle de Chine. In 1964, after the loss of much of its original activity in Asia, its name was changed to Banque Française pour le Commerce, and in 1968, to Banque Française Commerciale, thus preserving the acronym BFC. The BFC brand survives in Banque Française Commerciale Océan Indien, since 2003 a joint venture between Mauritius Commercial Bank and Société Générale with operations in Réunion and Mayotte. Société française de gérance de la Banque industrielle de Chine (1922-1925) The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Indosuez
Banque Indosuez was a French bank, the product of the 1975 merger of Banque de l'Indochine and Banque de Suez et de l'Union des mines. It was purchased by Crédit Agricole in 1996, and formed the core of what is now Crédit Agricole Corporate and Investment Bank. As of 2022, its brand survives in Indosuez Wealth Management, the Crédit Agricole group's wealth management arm. History In 1966, to prevent an outright takeover of military-industrial concern Schneider by Belgium's Empain group, the Banque de l'Indochine acquired 10 percent of Schneider's capital.As a consequence of that transaction, Empain took 11 percent of the bank's own capital. Its chairman then attempted to counter Empain's influence in the bank (as the rest of the shareholder base was highly dispersed) by inviting the Compagnie Financière de Suez, with which the bank had several common business interests, to invest in it as well. In January 1967, Suez acquired 7 percent of the bank's capital, the same amoun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the southwest. The sovereign state is separated from the Comoros, Mayotte and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Notably Northern Mozambique lies within the monsoon trade winds of the Indian Ocean and is frequentely affected by disruptive weather. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and language. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second largest bank, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. In August 2021, it reached the top of the CAC 40. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered a systemically important bank by the Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of France
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] |
Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Réunion")
