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Financial Bank
Financial Bank Benin is a commercial bank in Benin. It is a member of the West African Bankers' Association. 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 {{benin-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 north-west, and Niger to the north-east. The majority of its population lives on the southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. The capital is Porto-Novo, and the seat of government is in Cotonou, the most populous city and economic capital. Benin covers an area of and its population in was estimated to be approximately million. It is a tropical nation, dependent on agriculture, and is an exporter of palm oil and cotton. Some employment and income arise from subsistence farming. The official language of Benin is French, with indigenous languages such as Fon, Bariba, Yoruba and Dendi also spoken. The largest religious group in Benin is Sunni Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. History The WABA was created on August 10, 1981 with the main purpose of supporting and developing the West African Clearing House (WACH). Membership and organization The organization has banking, securities, and auditing institutions, and individual members. The secretary general is Sega Balde, with Rev Ifeanyi IWANDE as president. The central banks of each participating countries financed the association. The WABA serves as an intermediary between banks and the sub-regional committee of the central banks. The association is located in Freetown, Sierra Leone. See also * Banque Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotonou
Cotonou (; fon, Kútɔ̀nú) is a city in Benin. Its official population count was 679,012 inhabitants in 2012; however, over two million people live in the larger urban area. The urban area continues to expand, notably toward the west. The city lies in the southeast of the country, between the Atlantic Ocean and Lake Nokoué. In addition to being Benin's largest city, it is the seat of government, although Porto-Novo is the official capital. History The name "Cotonou" means "by the river of death" in the Fon language.Butler, Stuart (2019) ''Bradt Travel Guide - Benin'', pgs. 74-91 At the beginning of the 19th century, Cotonou (then spelled "Kutonou") was a small fishing village, and is thought to have been formally founded by King Ghezo of Dahomey in 1830. It grew as a centre for the slave trade, and later palm oil and cotton. In 1851 the French Second Republic made a treaty with King Ghezo that allowed them to establish a trading post at Cotonou. During the reign of Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Souradjou Adamou Karimou. History The city was founded in the 16th century by traders. Economy Parakou lies on the main north-south highway RNIE 2 and at the end of a railway to Cotonou. Markets This has made it an important market town, with major industries including cotton and textiles, peanut oil manufacture and brewing. The town grew initially from revenue generated from passing merchants that took goods from the region across the Sahara and the Mediterranean to Europe.Butler, Stuart (2019) ''Bradt Travel Guide - Benin'', pgs. 177-180 Parakou later became well known in the slave trade. Later traders concentrated on cotton and Parakou remains the hub of the Beninese cotton trade to this day, with considerable interest from Europe. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel, St. Gallen a.o.). , coordinates = , largest_city = Zürich , official_languages = , englishmotto = "One for all, all for one" , religion_year = 2020 , religion_ref = , religion = , demonym = , german: Schweizer/Schweizerin, french: Suisse/Suissesse, it, svizzero/svizzera or , rm, Svizzer/Svizra , government_type = Federal assembly-independent directorial republic with elements of a direct democracy , leader_title1 = Federal Council , leader_name1 = , leader_title2 = , leader_name2 = Walter Thurnherr , legislature = Federal Assembly , upper_house = Council of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings account, savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Benin
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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