Banque Capitale du Bénin (BCB), formerly Banque d'etat du Benin, is a medium-sized commercial bank providing e-banking and other services in Benin. It is a member of the West African Bankers' Association.
Benin, officially the Republic of Benin and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, and Burkina Faso and Niger to the north. The majority of its population lives on the small southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. The capital of Benin is Porto-Novo, but the seat of government is in Cotonou, the country's largest city and economic capital. Benin covers an area of 114,763 square kilometres (44,310 sq mi) and its population in 2016 was estimated to be approximately 10.87 million. Benin is a tropical nation, highly dependent on agriculture, with substantial employment and income arising from subsistence farming.
The West African Bankers' Association is a professional association of banking and financial services and institutions in West Africa.
It has its headquarters at Carrefour des 3 Banques in Porto-Novo but also has branches in Cotonou and Parakou.
Porto-Novo is the capital of Benin, and was the capital of French Dahomey. The commune covers an area of 110 square kilometres (42 sq mi) and as of 2002 had a population of 223,552 people.
Cotonou is the largest city and economic centre of Benin.
Parakou is the largest city in northern Benin, with an estimated population of around 206,667 people, and capital of the Borgou Department. The mayor as of 2008 was Samou Seidou Adambi and administratively the commune of Parakou makes up one of Benin's 77 communes. Since 2015, the mayor is Souradjou Adamou Karimou.
Banque Capitale du Bénin (BCB) began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank.
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The economy of Benin remains underdeveloped and dependent on subsistence agriculture and cotton. Cotton accounts for 40% of GDP and roughly 80% of official export receipts. There is also production of textiles, palm products, and cocoa beans. Maize (corn), beans, rice, peanuts, cashews, pineapples, cassava, yams, and other various tubers are grown for local subsistence. Benin began producing a modest quantity of offshore oil in October 1982. Production ceased in recent years but exploration of new sites is ongoing.
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