Financial Bank Benin

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Financial Bank Benin is a commercial bank in Benin. It is a member of the West African Bankers' Association.

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products that is operated as a business for profit.

Benin country in Africa

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 in Cotonou but also has branches in cities such as Parakou. 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%). [1]

Cotonou Place in Littoral Department, Benin

Cotonou is the largest city and economic centre of Benin.

Parakou Commune and city in Borgou Department, 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.

Switzerland federal republic in Central Europe

Switzerland, officially the Swiss Confederation, is a country situated in western, central and southern Europe. It consists of 26 cantons, and the city of Bern is the seat of the federal authorities. The sovereign state is a federal republic bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning a total area of 41,285 km2 (15,940 sq mi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8.5 million people is concentrated mostly on the plateau, where the largest cities are to be found: among them are the two global cities and economic centres Zürich and Geneva.

The bank has a 25% share in the Benin microfinance group Finadev.

Microfinance is a category of financial services targeted at 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 and checking accounts; microinsurance; and payment systems. Microfinance services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.

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Economy of Benin

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.

An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

Banking in Switzerland Foreign-friendly bank regulations

Banking in Switzerland began in the early 18th century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Along with the Swiss Alps, Swiss chocolate, watchmaking and mountaineering, banking is seen as emblematic of Switzerland. Switzerland has a long, kindred history of banking secrecy and client confidentiality reaching back to the early 1700s. Started as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of the landmark federal law, the Federal Act on Banks and Savings Banks.

Central Bank of West African States central bank serving the West African Economic and Monetary Union

The Central Bank of West African States is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West African Economic and Monetary Union (UEMOA):

Bank of Africa Group

Bank of Africa Group (BOA), also known as Bank of Africa, is a multinational pan-African banking conglomerate with banking operations in 18 African countries, and a representative office in Paris, France. Bank of Africa maintains its headquarters in Bamako, the capital of Mali.

The West African Club Championship , also known as the General Eyadéma Cup, was a West African Club tournament from 1977 to 1999. It was open to league runners-up in the West Africa region of the CAF. While the first matches were played of the 2000 tournament, the competition was cancelled before the final, largely for financial reasons. While the intention of the CAF was to revive a national squad tournament in its place, the planned annual CSSA Nations Cup has not been regularly scheduled since. The tournament was resurrected in 2009 to pit each member country's highest team not featuring in the CAF Champions League or the CAF Confederation Cup. The final four was played in December with Togo as the host.

Water supply and sanitation in Benin

Drinking water supply and sanitation in Benin has been subject to considerable progress since the 1990s, in particular in rural areas, where coverage is higher than in many other African countries, and almost all development partners follow a national demand-responsive strategy, which has been adopted in 1992. New strategies to increase water supply in rural and urban areas have been adopted in 2005 and 2006. Tariffs in urban and rural areas are usually high enough to cover the costs for operation and maintenance.

Banque Internationale du Bénin (B.I.B.E.) is a national bank of Benin. It is a member of the West African Bankers' Association.

BofA Securities Investment bank

BofA Securities, previously Bank of America Merrill Lynch (BAML), is an American multinational investment bank division under the auspices of Bank of America. Not to be confused with Merrill, the wealth management division of Bank of America, both firms are broker-dealers and engage in prime brokerage.

Emmanuel Agwoje Banker, businessman

Emmanuel Osa Agwoje is a Nigerian banker and businessperson. He is currently the chief executive officer of Equator Capital Ltd.

CIM Bank

CIM Bank is a traditional Swiss private bank, founded in Geneva in 1990. CIM Bank serves institutional, corporate and private clients from around the world. The bank has 150 employees and is located in Geneva, Wollerau and Lugano. CIM Bank is engaged in investment banking, asset management, wealth management and online trading. CIM Bank is regulated by FINMA, and is a member of the Swiss Bankers Association. CIM Bank is also a member of SIX Swiss Exchange.

Atlantic Bank Group, commonly known by its French name Groupe Banque Atlantique, is a West African financial services conglomerate, headquartered in Lome, Togo. The Group consisting of banks and other financial services companies in Cote d'Ivoire, Benin, Niger, Burkina Faso, Mali, Togo, Senegal and Cameroon.

BGFIBank Group, whose full name is BGFIBank Group S.A., is a financial services organization headquartered in Gabon. The group has subsidiaries in eight countries including Gabon, Benin, Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Madagascar, France and Cote d'Ivoire.

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.

Olufunke Iyabo Osibodu or Funke Osibodu is a Nigerian banker who led Ecobank Nigeria and the Union Bank of Nigeria.

Swiss Private Bankers Association

The Swiss Private Bankers Association is a Swiss trade association made up of banking institutions that meet the legal definition of a private banker according to Swiss law. Based in Geneva, Switzerland, and currently has six members.

References

  1. ↑ "List of banks in Benin". West African Bankers' Association. Archived from the original on 27 February 2009. Retrieved 11 January 2009.


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