Financial Bank Benin is a
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 co ...
in
Benin
Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the nort ...
. It is a member of the
West African Bankers' Association
The West African Bankers' Association (WABA; french: Association des banques de l'Afrique de l'ouest (ABAO)) is a professional association of banking and financial services and institutions in West Africa.
It has its headquarters and offices in ...
.
It has its headquarters in
Cotonou but also has branches in cities such as
Parakou
Parakou is the largest city in northern Benin, with an estimated population of around 206,667 people, and capital of the Borgou Department. Administratively the commune of Parakou makes up one of Benin's 77 communes. Since 2015, its mayor is Sour ...
. The bank is dominated by
Swiss ownership, with Financial BC in Geneva having an 85% share, Aiglon S.A. in Geneva with 15% and private French shares (0.01%).
The bank has a 25% share in the Benin
microfinance group
Finadev.
References
Banks of Benin
Companies based in Cotonou
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