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Banque Pour Le Commerce Et L'Industrie – Mer Rouge
Banque pour le Commerce et l'Industrie – Mer Rouge (BCIMR) is a bank in Djibouti. It has a market share of around 45%, and is the largest bank in the Horn of Africa. BCIMR is a subsidiary of the French bank BRED Banque populaire, which owns a 51% share in the company. The Government of Djibouti and a Yemeni bank own the remaining 33% and 16% shares, respectively. BCIMR has a branch in Hargeisa, situated in the self-declared Republic of Somaliland, internationally considered to be part of Somalia. History In 1943, BNCI, an ancestor of BNP Paribas, took over Crédit Foncier de Madagascar et de la Réunion, which it renamed BNCI Océan Indien in 1954. BNCI Océan Indien opened a branch in Djibouti the same year. In 1977, when Djibouti achieved independence from France, BNP converted the branch into a subsidiary. In July 2007, BNP Paribas sold BCIMR to the French banking group Banques Populaires. In February 2009, BCIMR opened a branch in Hargeisa Hargeisa ( ; ; ) is the ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, 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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 accounting liquidity, 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 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Djibouti
This is a list of banks in Djibouti, as updated in late 2024 by the Central Bank of Djibouti. List of banks Commercial banks * Bank of Africa Mer Rouge (BOA), part of Bank of Africa Group * Banque pour le Commerce et l'Industrie – Mer Rouge (BCIMR), part of BRED Banque Populaire * International Investment Bank (IIB), owned by Bahrain-based iiB Group Holdings WLL * Banque de Dépôt et de Crédit Djibouti (BDCD) * CAC International Bank (CAC) * Exim Bank Djibouti (EXIM), part of Exim Bank Group * Commercial Bank of Ethiopia Djibouti (CBE), part of Commercial Bank of Ethiopia Group * Silkroad International Bank Djibouti (SIB) * Bank Of China Djibouti (BOC), part of Bank of China Group * International Business Bank Djibouti (IBB), part of IB Bank Group Islamic Banks * Saba African Bank * Salaam African Bank * East Africa Bank Microfinance institutions * Caisse Populaire d’Epargne et de Crédit de Djibouti (CPECD) * Caisse Populaire d’Epargne et de Crédit du Nord (CPECN ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Djibouti
The economy of Djibouti is derived in large part from its strategic location on the Red Sea. Djibouti is mostly barren, with little development in the agricultural and industrial sectors. The country has a harsh climate, a largely unskilled labour force, and limited natural resources. The country's most important economic asset is its strategic location, connecting the Red Sea and the Gulf of Aden. As such, Djibouti's economy is commanded by the services sector, providing services as both a transit port for the region and as an international transshipment and refueling centre. From 1991 to 1994, Djibouti experienced a civil war which had devastating effects on the economy. Since then, the country has benefited from political stability. In recent years, Djibouti has seen significant improvement in macroeconomic stability, with its annual gross domestic product improving at an average of over 3 percent since 2003. This comes after a decade of negative or low growth and is attribu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial And Savings Bank Of Somalia
The Central Bank of Somalia (CBS) (, ) is the monetary authority of Somalia. Somalia has struggled to reestablish a functioning state since the collapse of an authoritarian regime in 1991. Somalia has been cited as a real-world example of an anarchist stateless society and a country with no formal legal system. The Transitional Federal Government, formed in 2004, was recognized as the central government of Somalia. Among other duties, it is in charge of ensuring financial stability, maintaining the internal and external value of the local currency, and promoting credit and exchange conditions that facilitate the balanced growth of the national economy. Within the scope of its powers, it also contributes to the financial and economic policies of the State.Central Bank of Somalia - About the Bank ...
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France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a broker, brokerage firm) offers a wide array of Real life, face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically cheque, checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon which is located in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNP Paribas
BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas. It also incorporates many other major institutions through successive acquisitions, including Fortis Bank in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey. The group has also been present in the United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB). BNP Paribas is listed on Euronext Paris and is a component of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Djibouti
Djibouti, officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red Sea and the Gulf of Aden to the east. The country has an area of . In antiquity, the territory, together with Ethiopia, Eritrea and Somaliland, was part of the Land of Punt. Nearby Zeila, now in Somaliland, was the seat of the medieval Adal Sultanate, Adal and Ifat Sultanate, Ifat Sultanates. In the late 19th century, the colony of French Somaliland was established after the ruling Dir (clan), Dir, Somali people, Somali, and Afar people, Afar sultans signed treaties with the French, and its Imperial Ethiopian Railway, railroad to Dire Dawa (and later Addis Ababa) allowed it to quickly supersede Zeila as the port for southern Ethiopia and the Ogaden. It was renamed the French Territory of the Afars and the Issas in 1967. A decade later, the Djiboutian people 1977 Afars and Issas independence referendu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Somaliland
Somaliland, officially the Republic of Somaliland, is an List of states with limited recognition, unrecognised country in the Horn of Africa. It is located in the southern coast of the Gulf of Aden and bordered by Djibouti to the northwest, Ethiopia to the south and west, and Somalia to the east. Its claimed territory has an area of , with approximately 6.2 million people as of 2024. The capital and largest city is Hargeisa. Various Somali Muslim kingdoms were established in the area during the early Islamic period, including in the 14th to 15th centuries the Zeila-based Adal Sultanate. In the early modern period, successor states to the Adal Sultanate emerged, including the Isaaq Sultanate which was established in the middle of the 18th century. In the late 19th century, the United Kingdom signed agreements with various clans in the area, establishing the British Somaliland, Somaliland Protectorate, which was formally granted independence by the United Kingdom as the Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
