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List Of Banks In Eritrea ...
This is a list of commercial banks in Eritrea, as reported in 2021. List of commercial banks * Commercial Bank of Eritrea, state-owned * Eritrean Investment and Development Bank, state-owned * Housing and Commerce Bank, owned by the People's Front for Democracy and Justice See also * Bank of Eritrea * Banking in Eritrea * List of banks in Africa * List of companies based in Eritrea References {{Economy of Eritrea Banks Eritrea Eritrea Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, south, Sudan in the west, and Dj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrea
Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately , and includes the Dahlak Archipelago and several of the Hanish Islands. Hominid remains found in Eritrea have been dated to 1 million years old and anthropological research indicates that the area may contain significant records related to the evolution of humans. The Kingdom of Aksum, covering much of modern-day Eritrea and Tigray Region, northern Ethiopia, was established during the first or second century AD.Henze, Paul B. (2005) ''Layers of Time: A History of Ethiopia'', . It adopted Eritrean Orthodox Church, Christianity around the middle of the fourth century. Beginning in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Eritrea
The Commercial Bank of Eritrea is the only banking institution in Eritrea with full retail commercial banking services. It is a government-owned bank, with 17 branches throughout the country. The Bank has arrangements with Citibank for international money transfer, as well as with Deutsche Bank. History When Eritrea achieved its independence in 1991, it took over the Eritrean branches of the Commercial Bank of Ethiopia The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has aroun .... The Eritrean government formally chartered the Commercial Bank of Eritrea in 1994. See also * Banking in Eritrea * List of banks in Eritrea References Banks of Eritrea Companies of Eritrea Banks established in 1991 1994 establishments in Eritrea {{Africa-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrean Investment And Development Bank
The Eritrean Investment and Development Bank (EIDB) is a bank in Eritrea. It was established on 28 October 1996. It did not effectively begin operations until 1998 from its single office in Asmara, Eritrea. The bank was fully financed by the Ministry of Finance, and thus the financial institution is a property of the Eritrean government. The Eritrean Investment and Development Bank is the smallest of Eritrean government-owned banks. It typically finances development projects by funneling funds from various other organizations, including the Bank of Eritrea and the World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development .... See also * Banking in Eritrea * List of banks in Eritrea References Banks of Eritrea Companies of Eritrea Government of Eritrea Banks established in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing And Commerce Bank
The Housing and Commerce Bank (HCB) is a bank in Asmara, Eritrea. The company has focused on financing various apartment complexes throughout Eritrea, most notably in Asmara and Massawa. It has also extended loans to local companies involved in the Wefri Warsay Yika'alo. History The organisation was founded in 1994 after independence of Eritrea, under the name ''Housing Bank of Eritrea''. In the process it took over the previous Asmara branch of the Ethiopian Housing and Savings Bank, a savings bank set up with the assistance of Cassa di Risparmio delle Provincie Lombarde. HCB's original mission was to provide services to mitigate the acute housing shortage after the Eritrean War for Independence. The firm's name was changed in 1996 when the majority shareholder, the People's Front for Democracy and Justice The People's Front for Democracy and Justice (, PFDJ) is the founding, ruling, and sole legal political party of the State of Eritrea. The successor to the Marxist– ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Front For Democracy And Justice
The People's Front for Democracy and Justice (, PFDJ) is the founding, ruling, and sole legal political party of the State of Eritrea. The successor to the Marxist–Leninist Eritrean People's Liberation Front (EPLF), the PFDJ regards itself as a left-wing nationalist party, though it holds itself open to nationalists of any political affiliation. The leader of the party and current President of Eritrea is Isaias Afwerki. The PFDJ has been described as totalitarian, and under its rule Eritrea reached the status of the least electorally democratic country in Africa according to V-Dem Democracy indices in 2023. Creation The Eritrean People's Liberation Front (EPLF), later (from 1994) People's Front for Democracy and Justice, formed from the secessionist movement that successfully fought for the creation of an independent Eritrean nation out of the northernmost province of Ethiopia in 1993. The historical region of Eritrea had joined Ethiopia as an autonomous unit in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Eritrea
The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipment. The Central Bank of Eritrea, though a government entity, is independent from the Ministry of Finance; its governor and policy committee formulate and implement policy with input from the Ministry of Finance. Although travellers are permitted to bring foreign currency into the country, all transactions are to be made in Nakfa. Governors * Andebrhan Welde Giorgis, 1993-1994 * Tekie Beyene, 1994-2003-? * Kibreab Woldemariam, ca. 2005 - See also * Banking in Eritrea * Central banks and currencies of Africa *Economy of Eritrea *Eritrean nakfa, the unit of currency *List of central banks References External links * Economy of Eritrea Eritrea Eritrea, officially the State of Eritrea, is a country in the Horn of Africa regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Eritrea
Modern banking in Eritrea started with the arrival of the Italian colonizers. However, from 1974 on (due to the nationalization decided by the Ethiopian Government of Mengistu Haile Mariam), the banking sector became a government monopoly. This situation continued after Eritrea achieved its independence. The Bank of Eritrea is the central bank of Eritrea. At present there are three commercial banks in operation in Eritrea - The Commercial Bank, The Housing and Commercial Bank, and the Eritrean Investment and Development Bank. All banks with the exception of the Housing and Commercial Bank are under state ownership, while the Housing and Commercial Banks is owned by the ruling party, the PFDJ. History In 1914, the Italian government authorized the Banca d'Italia, the Italian central bank, to operate under special regime and therefore to carry out in the colonies operations not allowed in Italy, including commercial banking. Banca d'Italia then established its first two branches in A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Africa
This is a list of banks in Africa, arranged by country in alphabetical order. Since comprehensive lists are available on a country-by-country basis, only the most important domestic banks are indicated for each country. Algeria * Bank of Algeria * (BEA) * (BNA) * (CPA) * (BADR) Angola * Central Bank of Angola * Banco Angolano de Investimentos S.A. (BAI) * Banco do Comércio e Indústria * Banco de Desenvolvimento de Angola * Banco Económico * Banco de Poupança e Crédito Benin * Banque Internationale pour l'Industrie et le Commerce Botswana * Bank of Botswana * Bank Gaborone * First Capital Bank Botswana Limited * First National Bank of Botswana Burkina Faso * Bank of Africa * Banque Atlantique * Ecobank * United Bank for Africa Burundi * Bank of the Republic of Burundi * Banque Commerciale du Burundi (BANCOBU) * Banque de Gestion et de Financement (BGF) * Banque de Crédit de Bujumbura (BCB) * Banque Nationale de Développement Économique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Companies Based In Eritrea
Eritrea, officially the State of Eritrea, is a country in the Horn of Africa. The economy of Eritrea has experienced considerable growth in recent years, indicated by an improvement in Gross domestic product (GDP) in October 2012 of 7.5 percent over 2011. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.Eritrea country profile Library of Congress Federal Research Division (September 2005). ''This article incorporates text from this source, which is in the public domain.'' Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The Eritrean economy has undergone extreme changes due to the Eritrean War of Independence, War of Independence. In 2011, Eritrea's GDP grew by 8.7 percent, making it one of the fastest-growing economies in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Eritrea
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] |
Lists Of Organisations Based In Eritrea
A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but lists are frequently written down on paper, or maintained electronically. Lists are "most frequently a tool", and "one does not ''read'' but only ''uses'' a list: one looks up the relevant information in it, but usually does not need to deal with it as a whole".Lucie Doležalová,The Potential and Limitations of Studying Lists, in Lucie Doležalová, ed., ''The Charm of a List: From the Sumerians to Computerised Data Processing'' (2009). Purpose It has been observed that, with a few exceptions, "the scholarship on lists remains fragmented". David Wallechinsky, a co-author of ''The Book of Lists'', described the attraction of lists as being "because we live in an era of overstimulation, especially in terms of information, and lists help us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
