Central Cooperative Bank
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Central Cooperative Bank
Central Cooperative Bank ( bg, Централна кооперативна банка, ''Centralna kooperativna banka''), founded on 28 March 1991 is a universal commercial bank in Sofia, Bulgaria, belonging to the financial structure of ''CCB Group''. It is listed on the Bulgarian Stock Exchange. History * On 28 March 1991 Central Cooperative Bank was registered with a resolution of the Sofia City Court. At first the Bulgarian National Bank Management Board issued a licence to CCB Plc for carrying out bank activity on the territory of the country. The founders of the bank were Central Cooperative Union, the regional cooperative unions and more than 1100 cooperative organisations. In the beginning its mission was to contribute to the development of the cooperative system in Bulgaria. Passing through different development periods, the Bank established itself as a universal commercial bank nowadays. * Since 12 March 1993 ,the Bank is authorised to carry out operations abroad as wel ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Sofia
Sofia ( ; bg, София, Sofiya, ) is the capital and largest city of Bulgaria. It is situated in the Sofia Valley at the foot of the Vitosha mountain in the western parts of the country. The city is built west of the Iskar river, and has many mineral springs, such as the Sofia Central Mineral Baths. It has a humid continental climate. Being in the centre of the Balkans, it is midway between the Black Sea and the Adriatic Sea, and closest to the Aegean Sea. Known as Serdica in Antiquity and Sredets in the Middle Ages, Sofia has been an area of human habitation since at least 7000 BC. The recorded history of the city begins with the attestation of the conquest of Serdica by the Roman Republic in 29 BC from the Celtic tribe Serdi. During the decline of the Roman Empire, the city was raided by Huns, Visigoths, Avars and Slavs. In 809, Serdica was incorporated into the Bulgarian Empire by Khan Krum and became known as Sredets. In 1018, the Byzantines ended Bulgarian rule ...
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Bulgaria
Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. Bulgaria covers a territory of , and is the sixteenth-largest country in Europe. Sofia is the nation's capital and largest city; other major cities are Plovdiv, Varna and Burgas. One of the earliest societies in the lands of modern-day Bulgaria was the Neolithic Karanovo culture, which dates back to 6,500 BC. In the 6th to 3rd century BC the region was a battleground for ancient Thracians, Persians, Celts and Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, tribal invasions in the region resumed. Around the 6th century, these territories were settled by the early Slavs. The Bulgars, led by Asp ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ...
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Private Bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes#The Revocation of the Edict of Nantes, Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China *Bank of Communications, founded in 1908 *China Merchants Bank France * Compagnie Fin ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Bulgarian Stock Exchange
The Bulgarian Stock Exchange ( bg, Българска фондова борса, ''Balgarska fondova borsa'', abbreviated BSE) is a stock exchange operating in Sofia, the capital of Bulgaria. It was founded as First Bulgarian Stock Exchange on 10 October 1991 as a joint stock company. As of May 2010, the Bulgarian Stock Exchange is 44% owned by the Bulgarian government, which is looking for potential worldwide investors, some of them being the Frankfurt Stock Exchange, Athens Stock Exchange, OMX, and the Prague Stock Exchange. History The original successor called the Sofia Stock Exchange which had been established through a tsar's decree, ceased to operate after the Second World War as Bulgaria became a communist state. In January 2011, the stock exchange (stock symbol: BSO) was officially added to the regular market trading. As of November 2011, the total market capitalization of the Bulgarian Stock Exchange is around US$8.5 billion. The exchange has pre-market sessions fro ...
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Bulgarian National Bank
The Bulgarian National Bank ( bg, Българска народна банка, Bohlgarska narodna banka, ), or BNB, is the central bank of the Republic of Bulgaria. Headquartered in Sofia, the bank was established in 1879. It is the 13th oldest central bank in the world. An independent institution responsible for issuing all banknotes and coins in the country, BNB oversees and regulates the banking sector and is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint. The bank has a key role in the Bulgarian economy. Since 1 October 2007, it has been a member of the European System of Central Banks. The governor of the BNB is a member of the General Assembly of the European Central Bank. Headquarters The Bulgarian National Bank's headquarters in Sofia are located on the central Battenberg Square. The current edifice was commissioned to renowned architects Ivan Vasilyov and Dimitar Tsolov and built between 1934 and 1939 in t ...
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Western Union
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services (including wire money transfer) in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, Western Union began to move its business away from communications in the 1980s and increasingly focused on its money transfer services. The company ceased its communications operations completely in 2006, at which time The New York Times described it as "the world's largest money-transfer business" and ...
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Nicosia
Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaoria plain, on the banks of the River Pedieos. According to Greek mythology, Nicosia ( in Greek) was a siren, one of the daughters of Acheloos and Melpomene and its name translates as "White State" or city of White Gods. Nicosia is the southeasternmost of all EU member states' capitals. It has been continuously inhabited for over 4,500 years and has been the capital of Cyprus since the 10th century. The Greek Cypriot and Turkish Cypriot communities of Nicosia segregated into the south and north of the city respectively in early 1964, following the fighting of the Cyprus crisis of 1963–64 that broke out in the city. This separation became a militarised border between the Republic of Cyprus and Northern Cyprus after Turkey invaded the isla ...
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International Swaps And Derivatives Association
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ...
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