Global Bank Liberia
Encyclopedia
Global Bank Liberia Limited (GBLL), whose complete name is Global Bank PHB Limited, but is commonly referred to as Global Bank Liberia, is a commercial bank
in Liberia
. It is one of the commercial banks licensed by the Central Bank of Liberia
, the national banking regulator.
on February 10, 2005. The majority shareholders of the bank were Europe
ans who have investment interest in Africa
and have substantial investment in Liberia.
In January 2009, the ownership of Global Bank Liberia Limited (GBLL) was transferred to Platinum Habib Bank (PHB). The takeover increased the bank's capital by US$8.5 million to US$10 million. The new corporate entity is now known as Global Bank PHB. Among the twenty eight (28) banking products on offer, is Internet Banking
and money transfer services under the MoneyGram
brand.
, a large financial services provider based in Nigeria
, with subsidiaries in Gambia, Liberia
, Sierra Leone
and Uganda
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Liberia
Liberia
Liberia , officially the Republic of Liberia, is a country in West Africa. It is bordered by Sierra Leone on the west, Guinea on the north and Côte d'Ivoire on the east. Liberia's coastline is composed of mostly mangrove forests while the more sparsely populated inland consists of forests that open...
. It is one of the commercial banks licensed by the Central Bank of Liberia
Central Bank of Liberia
The Central Bank of Liberia is Liberia's central bank. Its current executive governor is Mr J Mills Jones.The offices of the bank are located in Monrovia, the capital of Liberia.-History:...
, the national banking regulator.
Overview
Global Bank Liberia is a private commercial bank. It was granted a banking license by the Central Bank of LiberiaCentral Bank of Liberia
The Central Bank of Liberia is Liberia's central bank. Its current executive governor is Mr J Mills Jones.The offices of the bank are located in Monrovia, the capital of Liberia.-History:...
on February 10, 2005. The majority shareholders of the bank were Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
ans who have investment interest in Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
and have substantial investment in Liberia.
In January 2009, the ownership of Global Bank Liberia Limited (GBLL) was transferred to Platinum Habib Bank (PHB). The takeover increased the bank's capital by US$8.5 million to US$10 million. The new corporate entity is now known as Global Bank PHB. Among the twenty eight (28) banking products on offer, is Internet Banking
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
and money transfer services under the MoneyGram
MoneyGram
MoneyGram International, Inc. is a US-based, Global Money transfer company, headquartered in Dallas, Texas. It has Global Operations Centers in Saint Louis Park, Minnesota and Brooklyn Center, Minnesota, Global Call Center Operations in Denver, Colorado and regional and local offices around the...
brand.
Ownership
Global Bank Liberia Limited, is a 100% subsidiary of Bank PHBBank PHB
Bank PHB , formerly known as Platinum Habib Bank, is a commercial bank in Nigeria. The bank is the fifth largest financial services provider in Nigeria. The bank's assets are valued in excess of US$6 billion.-Bank PHB Group:...
, a large financial services provider based in Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
, with subsidiaries in Gambia, Liberia
Liberia
Liberia , officially the Republic of Liberia, is a country in West Africa. It is bordered by Sierra Leone on the west, Guinea on the north and Côte d'Ivoire on the east. Liberia's coastline is composed of mostly mangrove forests while the more sparsely populated inland consists of forests that open...
, Sierra Leone
Sierra Leone
Sierra Leone , officially the Republic of Sierra Leone, is a country in West Africa. It is bordered by Guinea to the north and east, Liberia to the southeast, and the Atlantic Ocean to the west and southwest. Sierra Leone covers a total area of and has an estimated population between 5.4 and 6.4...
and Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
.
Branch Network
, Global Bank PHB maintains six (6) branches, including at these locations:- Main Branch - 5th Street, SinkorSinkorSinkor is a section of the Monrovia metropolitan area in Liberia. It is the location of the Spriggs Payne Airport. United Nations Mission in Liberia has its headquarters in Sinkor...
, MonroviaMonroviaMonrovia is the capital city of the West African nation of Liberia. Located on the Atlantic Coast at Cape Mesurado, it lies geographically within Montserrado County, but is administered separately... - Ashmun Branch - Ashmun Street, MonroviaMonroviaMonrovia is the capital city of the West African nation of Liberia. Located on the Atlantic Coast at Cape Mesurado, it lies geographically within Montserrado County, but is administered separately...
- Redlight Branch - Redlight Market, PaynesvillePaynesvillePaynesville may refer to:Australia*Paynesville, VictoriaLiberia*Paynesville, LiberiaUnited States*Paynesville, California*Paynesville, Indiana*Paynesville, Minnesota*Paynesville, Missouri*Paynesville Township, Minnesota...
- Clara Town Branch - Clara TownClara TownClara Town is a suburb of Monrovia, located on Bushrod Island in Liberia. It is mainly known as the birthplace of soccer star George Weah.- References :...
, MonroviaMonroviaMonrovia is the capital city of the West African nation of Liberia. Located on the Atlantic Coast at Cape Mesurado, it lies geographically within Montserrado County, but is administered separately... - Branch Number 5
- Branch Number 6