First International Bank (Liberia)
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First International Bank (Liberia)
First International Bank (Liberia) Limited (FIB) is a commercial bank in Liberia. (FIB) also have sub branch in Nimba County Liberia. Overview First International Bank is a leading financial services provider in Liberia. With headquarters in Monrovia, the bank has branches in the capital suburbs and in the provinces. Branch Network The known locations of branches of the First International Bank (Liberia) include the following locations: # Main Branch - Broad Street, Monrovia # Paynesville Branch - Redlight, Paynesville # Clara Town Branch - Clara Town Clara Town is a slum located on Bushrod Island in Monrovia, the capital of Liberia. It is built upon a swamp. Clara Town was one of several ethnic communes that was squatted in the outskirts of Monrovia. Clara Town had around 4,500 inhabitants ... # Duala Branch (MIC Building. # Sinkor Branch (15th Street) # Buchanan Branch (Robert Street) # Ganta Branch (Guinea Road Junction) # Greenville Branch (Adjacent Post Office) # M ...
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Monrovia
Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the nation's primate city, Monrovia is the country's economic, financial and cultural center; its economy is primarily centered on its harbor and its role as the seat of Liberian government. Etymology Monrovia is named in honor of U.S. President James Monroe, a prominent supporter of the colonization of Liberia and the American Colonization Society. Along with Washington, D.C., it is one of two world capitals to be named after a U.S. President. History Before 1816, the area around Cape Mesurado and the mouth of the Mesurado River was called Ducor. It had long been established as a crossroads and place of trade, and was inhabited by fishing, trading and farming communities of various ethnicities, including the Dey, Kru, Bassa, Gola, and ...
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Liberia
Liberia (), officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to Liberia–Sierra Leone border, its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean to its south and southwest. It has a population of around 5 million and covers an area of . English is the official language, but over 20 indigenous languages are spoken, reflecting the country's ethnic and cultural diversity. The country's capital and largest city is Monrovia. Liberia began in the early 19th century as a project of the American Colonization Society (ACS), which believed black people would face better chances for freedom and prosperity in Africa than in the United States. Between 1822 and the outbreak of the American Civil War in 1861, more than 15,000 freed and free-born black people who faced social and legal oppression in the U.S., along with 3,198 Afro-Caribbeans, relocated to Liberia. Gradually developing an Americo- ...
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Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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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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Loans
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Act ...
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Cheque
A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the ''drawer'', has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the ''drawee'', to pay the amount of money stated to the payee. Although forms of cheques have been in use since ancient times and at least since the 9th century, they became a highly popular non-cash method for making payments during the 20th century and usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked ...
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Savings
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ...
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Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Debit Cards
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term ''plastic card'' includes the above and as an identity document. These are similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder's bank account at the time of a purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a stored value with which a payment is made (prepaid card), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on the Internet and there is no physical card. This is referred to as a virtual card. In many countries, the use of debit cards has become so widespread they have overtaken checks in volume, or have entirely replaced them; in some instances, debit cards h ...
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Paynesville, Liberia
Paynesville (sometimes Paynesward) is a suburb east of Monrovia, Liberia. It is geographically larger than the city of Monrovia and is expanding eastward along the Robertsfield Highway and northeastward beyond Red Light Market, one of the largest market areas in Liberia. Paynesville is often considered a part of the Greater Monrovia area. It was the location of the Paynesville Omega Transmitter, the highest structure of Africa, until the tower's demolition in 2011. The Liberia Broadcasting System is also located in Paynesville. The Liberian Judo Federation is based in Paynesville. Neighborhoods Paynesville has several neighborhoods, called "communities" by residents, which are notable for their unique names. Some communities include housing estates, older settlements, while others are named after landmarks, major boulevards/roads or local leaders, while others predate the street names altogether. * A.B. Tolbert Community * Duport Road *ELWA * Gobuychop * Grayja * Kendeja * Ken ...
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Clara Town
Clara Town is a slum located on Bushrod Island in Monrovia, the capital of Liberia. It is built upon a swamp. Clara Town was one of several ethnic communes that was squatted in the outskirts of Monrovia. Clara Town had around 4,500 inhabitants in 1964 out of whom 99% were Kru. An area within Clara Town is named "Struggle Community". According to ''The New Humanitarian'' this zone is "a network of haphazard, rubbish-strewn streets, many of which are flooded for several months of the year". In this area, 10,000 residents share two privately owned water taps. Clara Town's 75,000 people shared 11 public toilets and 22 public taps in 2009."LIBERIA: Disease rife as more people squeeze into fewer toilets"


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Economy Of Liberia
The economy of Liberia is extremely underdeveloped, with only $3.222 billion by gross domestic product as of 2019, largely due to the First (1989–1996) and Second Liberian Civil War (1999–2003). Liberia itself is one of the poorest and least developed countries in the world, according to the United Nations. Until 1979, Liberia's economy was among the more developed and fastest-growing in Sub-Saharan Africa, but after the 1980 coup d'état, it declined, and the civil war destroyed much of Liberia's economy and infrastructure, especially the infrastructure in and around the nation's capital, Monrovia. The war also caused a brain drain and the loss of capital, as the civil war involved overthrowing the Americo-Liberian minority that ruled the country. Some have returned since 1997, but many have not. Liberia is richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, but poor in human capital, infrastructure, and stability. Liberia has ...
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