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List Of Banks In Liberia
This is a list of commercial banks in Liberia. Banks # Afriland First Bank Liberia # AccessBank Liberia # Ecobank Liberia # G N Bank (Liberia) # Guaranty Trust Bank Liberia # Global Bank Liberia # International Bank (Liberia) # Liberian Bank for Development and Investment # United Bank for Africa Liberia Limited See also * Central Bank of Liberia * Economy of Liberia References External links Official Website of the Central Bank of LiberiaList of Licensed Banks in Liberia {{Africa topic, List of banks in Banks 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. Becaus ... Liberia Liberia ...
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Bank
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 a ...
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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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Afriland First Bank
Afriland First Bank is a full-service bank in Cameroon, with subsidiaries in the Democratic Republic of the Congo, Equatorial Guinea, Guinea, Liberia, South Sudan, São Tomé and Príncipe and Zambia. The bank was founded in Yaoundé in 1987 under the name of Caisse Commune d'Epargne et d'Investissement. It is the largest financial services group in Cameroon. Overview The bank is a large financial services provider in with global customer deposits in excess of €2,840,404,000, as of December 2016. The bank with its subsidiaries around the world had a combined asset base valued at €2.98 billion in December 2016. Subsidiaries the bank maintains subsidiaries in the following countries: * Equatorial Guinea CCEI Bank GE* São Tomé and Príncipe - First Bank São Tomé and Príncipe * Democratic Republic of the Congo - Afriland First Bank DRC * Liberia - Afriland First Bank Liberia * South Sudan - Afriland First Bank South Sudan * Guinea - Afriland First Bank Guinea * Ivory ...
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AccessBank Liberia
AccessBank Liberia (ABL), is a microfinance commercial bank in Liberia. It is one of the commercial banks licensed by the Central Bank of Liberia, the national banking regulator. Overview The bank is Liberia's first licensed microfinance services provider. They obtained a commercial banking licence in January 2009, according to the website of the Central Bank of Liberia. , the shareholders' equity in the bank is valued at US$11.783 million (EUR:8.9 million), with US$11 million in customer deposits and over 50,000 customers. Ownership The bank's stock is owned by the following corporate entities: About the shareholders AccessHolding Access Microfinance Holding AG (AccessHolding) is a commercial microfinance holding company. Its business purpose is to invest in microfinance institutions (MFIs) and to develop these investments through a combination of equity finance, holding services, and management assistance. These services are rendered by its technical partner and founding ...
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Ecobank
Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 36 African countries. It is the leading independent regional banking group in West Africa and Central Africa, serving wholesale and retail customers. It also maintains subsidiaries in Eastern and Southern Africa. ETI has representative offices in Angola, China, Dubai, France, South Africa, and the United Kingdom. Overview ETI is a large financial services provider with offices in 36 countries around the world, and presence in 36 sub-Saharan countries. , ETI's customer base was estimated at 13.7 million, with 9.6 million (70.2%), located in Nigeria, the continent's most populous nation. ETI's branch network numbered 1,305, with 1,981 networked ATMs. Group network , Ecobank Transnational had banking operations in 36 African countries, with representative offices in Angola, Beijing, Dubai, Ethiopia, South Africa and the United Kingdom: Ecobank Tran ...
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G N Bank (Liberia)
G, or g, is the seventh letter in the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''gee'' (pronounced ), plural ''gees''. History The letter 'G' was introduced in the Old Latin period as a variant of ' C' to distinguish voiced from voiceless . The recorded originator of 'G' is freedman Spurius Carvilius Ruga, who added letter G to the teaching of the Roman alphabet during the 3rd century BC: he was the first Roman to open a fee-paying school, around 230 BCE. At this time, ' K' had fallen out of favor, and 'C', which had formerly represented both and before open vowels, had come to express in all environments. Ruga's positioning of 'G' shows that alphabetic order related to the letters' values as Greek numerals was a concern even in the 3rd century BC. According to some records, the original seventh letter, 'Z', had been purged from the Latin alphabet somewhat ea ...
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Guaranty Trust Bank
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos, Nigeria. GTCO Plc was created in July 2021 following the corporate reorganization of Guaranty Trust Bank PLC (or GTBank) into a Holding Company GTCO Plc's reorganisation means it will now offer more services beyond banking; with a payments business being top of mind for the group. Under its old structure, it could not have run non-lending businesses because a 2010 regulation by the Central Bank of Nigeria (CBN) mandated banks to stop operating their non-banking subsidiaries. They either had to divest from non-core lending service or restructure as a holdings company. Its new businesses include payments, pension management, asset management, and its existing banking business. GTCO's banking subsidiary in Nigeria, Guaranty Trust Bank L ...
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Global Bank Liberia
Global Bank Liberia Limited (GBLL), commonly referred to as Global Bank Liberia, is a commercial bank in Liberia. It is one of the commercial banks licensed by the Central Bank of Liberia, the national banking regulator. Overview Global Bank Liberia is a private commercial bank. It was granted a banking license by the Central Bank of Liberia on February 10, 2005. The majority shareholders of the bank were Europeans who have investment interest in Africa and have substantial investment in Liberia. In January 2009, the ownership of Global Bank Liberia Limited (GBLL) was transferred to Platinum Habib Bank ( Bank PHB). The takeover increased the bank's capital by US$8.5 million to US$10 million. The new corporate entity was known as ''Global Bank PHB'', between 2005 and 2011. Among the banking products on offer, is Internet Banking and money transfer services under the MoneyGram brand. When Bank PHB in Nigeria collapsed in August 2011, its interest in Global Bank Liberia was assumed ...
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International Bank (Liberia)
International Bank (Liberia), Limited (IBLL) is a full-service bank based in Liberia. The bank was created when the ''International Trust Company of Liberia'' created a commercial banking department in 1960. In 2000 the International Trust Company became the International Bank. It is headquartered in Monrovia with several locations throughout the country. International Bank extends a variety of banking services, including but not limited to: commercial and personal banking, commercial and personal loans, money transfer services, including wires, MoneyGram, Western Union, RIA, & Nobel, and payroll & tuition services. Locations include Harbel, Harper, Pleebo, Kakata, Caldwell, Paynesville, Sinkor, Camp Johnson Road, Vai Town, Broad Street, and the Monrovia Post offices. See also * Economy of Liberia * List of banks in Liberia This is a list of commercial banks in Liberia. Banks # Afriland First Bank Liberia # AccessBank Liberia # Ecobank Liberia # G N Bank (Liberia) # Guar ...
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Liberian Bank For Development And Investment
The Liberian Bank for Development and Investment (LBDI) is a full-service bank of Liberia. It was founded in 1961 and it is based in Monrovia. The bank is involved in consumer banking as well as in development banking. Operations LBDI has 12 branch offices in Liberia. In the field of consumer banking, the bank offers internet banking and 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 chang ... service. The bank has three executive officers: Mr. John B.S. Davies III ---- President/CEO Ms. Gloria Y. Menjor --- General Manager/DCEO Mrs. Clavenda O. Payman --- Comptroller/CFO External linksLiberian Bank for Development and Investment official site Banks of Liberia Economy of Monrovia Banks established in 1961 {{Liberia-stub ...
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United Bank For Africa
United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. In December 2021, UBA received its banking license to commence operations in the UAE. It is listed as commercial bank by the Central Bank of Nigeria. The shares of stock of the group are listed on the Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ..., where they trade under the symbol: UBA. The Group Chairman of the bank is Tony Elumelu and the GMD/CEO is Oliver Alawuba. Current executives The table below shows the current Group Board of United Bank for Africa: Overview United Bank For Africa is a large financial ser ...
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Central Bank Of Liberia
The Central Bank of Liberia is Liberia's central bank. Its current executive governor is J. Aloysius Tarlue. The offices of the bank are located in Monrovia, the capital of Liberia. The bank is a member of the Alliance for Financial Inclusion. History From 1974 to 2000, Liberia's central bank was the National Bank of Liberia. The Central Bank of Liberia, known as "CBL", was founded on October 18, 1999 by an act of the Liberian legislature, and began operations in the year 2000, at which time the National Bank of Liberia, or "NBL", was dissolved. The CBL signed a partnership with Proto, a leading provider of inclusive chatbot technology, in 2022 to increase financial inclusion from 18% in 2011 to 50% in 2024 Governors of National Bank of Liberia * Thomas D. Voer Hanson, 1980 - 1986 * John G. Bestman, 1986 - 1987 * Paul Jeffy, 1987 - 1988 * Thomas D. Voer Hanson, 1988 - 1989 * David K. Vinton, ? - 1990 - 1994 - ? * Raleigh Seekie, ? - 1996 * Ignatius Clay, 1996 - 1997 * Charles B ...
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