Financial Bank
Encyclopedia
Financial Bank is a bank
of Benin
. It is a member of the West African Bankers' Association.
It has its headquarters based 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%).
The bank has a 25% share in the microfinance group in Benin, Finadev.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
of Benin
Benin
Benin , officially the Republic of Benin, is a country in West Africa. It borders Togo to the west, Nigeria to the east and Burkina Faso and Niger to the north. Its small southern coastline on the Bight of Benin is where a majority of the population is located...
. It is a member of the West African Bankers' Association.
It has its headquarters based in Cotonou
Cotonou
-Demographics:*1979: 320,348 *1992: 536,827 *2002: 665,100 *2005: 690,584 The main languages spoken in Cotonou include the Fon language, Aja language, Yoruba language and French.-Transport:...
but also has branches in cities such as Parakou
Parakou
Parakou is the largest city in eastern Benin, with an estimated population of around 188,853 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.-Economy:Parakou lies on the main...
. The bank is dominated by Swiss
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
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 microfinance group in Benin, Finadev.