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Banque Française Commerciale Océan Indien
Banque Française Commerciale Océan Indien (BFCOI) is a French bank that since 2003 has been jointly owned by Mauritius Commercial Bank and Société Générale. It has its headquarters in Saint Denis, Réunion. It has more than 360 employees and more than 80 000 clients in its operations in Réunion (13 branches), Mayotte (three branches), and Paris (one branch), which primarily engages in private banking. History In 1984, the Banque Française Commerciale (BFC; the former Franco-Chinese Bank) restructured itself as a holding company. It established three legally and operationally distinct companies: (BFC), with branches in France; BFCOI, with branches in Reunion, Mayotte and the Seychelles; and (BFCAG), with branches in French Guiana and the Antilles. Banque Indosuez owned the entire share capital of all three entities. Banque Indosuez sold a majority position (66.66%) in BFCOI to Mauritius Commercial Bank (MCB) in 1996; Banque Indosuez retained 22.22%. The next year, BFCOI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius Commercial Bank
Mauritius Commercial Bank (MCB) is a commercial bank in Mauritius. MCB is licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator. The bank's headquarters are located in Port Louis, Mauritius. Overview Mauritius Commercial Bank, founded in 1838, is the oldest commercial company and the largest banking institution of Mauritius. It is equally the oldest banking institution south of the Sahara and one of the oldest banks of the Commonwealth to have preserved its original name and to be working in the same business area since its incorporation. MCB has a local network of 40 modern branches and 150 ATMs. The holding structure of the MCB Group translates its two-fold strategy namely diversification into financial services through local subsidiaries and associated companies and regional expansion through its foreign subsidiaries. MCB operates in Madagascar, Maldives, Mozambique and Seychelles. The Group has also consolidated its presence in R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered to be a systemically important bank by the Financial Stability Board. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th century The bank was founded by a group of industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint-Denis, Réunion
Saint-Denis (, ; ), unofficially Saint-Denis de La Réunion () for disambiguation, is the prefectures in France, prefecture (administrative capital) of the France, French overseas department and region of Réunion, in the Indian Ocean. It is located at the island's northernmost point, close to the mouth of the Rivière Saint-Denis. Saint-Denis is the most populous commune in the French overseas department and region, overseas departments and the nineteenth most populous in all of France. At the 2021 census, there were 319,141 inhabitants in the Functional area (France), metropolitan area of Saint-Denis (as defined by Institut national de la statistique et des études économiques (France), INSEE), 154,765 of whom lived in the city (communes of France, commune) of Saint-Denis proper and the remainder in the neighbouring communes of La Possession, Sainte-Marie, Réunion, Sainte-Marie, Sainte-Suzanne, Réunion, Sainte-Suzanne, Saint-André, Réunion, Saint-André, and Bras-Panon. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Réunion
Réunion (; ; ; known as before 1848) is an island in the Indian Ocean that is an overseas departments and regions of France, overseas department and region of France. Part of the Mascarene Islands, it is located approximately east of the island of Madagascar and southwest of the island of Mauritius. , it had a population of 896,175. Its capital and largest city is Saint-Denis, La Réunion, Saint-Denis. Réunion was uninhabited until French immigrants and colonial subjects settled the island in the 17th century. Its tropical climate led to the development of a plantation economy focused primarily on sugar; slaves from East Africa were imported as fieldworkers, followed by Malays, Annamite, Vietnamese, Chinese, and Indians as indentured laborers. Today, the greatest proportion of the population is of mixed descent, while the predominant language is Réunion Creole, though French remains the sole official language. Since 1946, Réunion has been governed as a regions of France, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mayotte
Mayotte ( ; , ; , ; , ), officially the Department of Mayotte (), is an Overseas France, overseas Overseas departments and regions of France, department and region and single territorial collectivity of France. It is one of the Overseas departments and regions of France, overseas departments of France as well as one of the 18 regions of France, with the same status as the departments of Metropolitan France. It is an Special member state territories and the European Union, outermost region of the European Union and, as an overseas department of France, part of the eurozone. Mayotte is located in the northern part of the Mozambique Channel in the western Indian Ocean off the coast of Southeast Africa, Southeastern Africa, between the northwestern part of the island of Madagascar and northeastern Mozambique on the continent. Mayotte consists of a main island, Grande-Terre (Mayotte), Grande-Terre (or Maore), a smaller island, Petite-Terre (or Pamanzi), as well as several islets arou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Française Commerciale
The Franco-Chinese Bank, in French Banque Franco-Chinoise (BFC), full name Banque Franco-Chinoise pour le Commerce et l’Industrie ( zh, ä¸æ³•å·¥å•†é“¶è¡Œ), was a French bank with operations in China and French Indochina, and later in the Indian Ocean and the French West Indies. In 1925 it succeeded the Société française de gérance de la Banque industrielle de Chine, an asset management company that had been formed in October 1922 following the closure of the Banque Industrielle de Chine. In 1964, after the loss of much of its original activity in Asia, its name was changed to Banque Française pour le Commerce, and in 1968, to Banque Française Commerciale, thus preserving the acronym BFC. The BFC brand survives in Banque Française Commerciale Océan Indien, since 2003 a joint venture between Mauritius Commercial Bank and Société Générale with operations in Réunion and Mayotte. Société française de gérance de la Banque industrielle de Chine (1922-1925) The was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Indosuez
Banque Indosuez was a French bank, the product of the 1975 merger of Banque de l'Indochine and Banque de Suez et de l'Union des mines. It was purchased by Crédit Agricole in 1996, and formed the core of what is now Crédit Agricole Corporate and Investment Bank. As of 2022, its brand survives in Indosuez Wealth Management, the Crédit Agricole group's wealth management arm. History In 1966, to prevent an outright takeover of military-industrial concern Schneider by Belgium's Empain group, the Banque de l'Indochine acquired 10 percent of Schneider's capital. As a consequence of that transaction, Empain took 11 percent of the bank's own capital. Its chairman then attempted to counter Empain's influence in the bank (as the rest of the shareholder base was highly dispersed) by inviting the Compagnie Financière de Suez, with which the bank had several common business interests, to invest in it as well. In January 1967, Suez acquired 7 percent of the bank's capital, the same a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the south and southwest. The sovereign state is separated from the Comoros, Mayotte, and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and dialect. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of the Portuguese Empire, Portuguese, who began a gradual process of colonisation and settlement in 1505. After over four centuries of Portuguese Mozambique, Portuguese rule, Mozambique Mozambican War of Indepen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, 39 Agricole regional banks and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., as an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered to be a systemically important bank by the Financial Stability Board. It was the title sponsor of the Crà ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of France
A bank is a financial institution that accepts 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 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 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 of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.' Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "''co-venturers''". A joint venture can take the form of a business. It can also take the form of a project or asset JV, created for the purpose of pursuing one specific project, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
