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Bank PHB Group
Bank PHB Group, also known as Platinum Habib Bank Group, was a financial services organization in West Africa and East Africa. The Group's headquarters was located on Victoria Island in Lagos, Nigeria, with subsidiaries in Nigeria, the Gambia, Liberia, Sierra Leone and Uganda. Bank PHB Group was one of the largest financial services organizations in Africa, with an estimated asset base in excess of US$3.6 billion, as of December 2009. Member companies The member companies of Bank PHB Group included: * Bank PHB - Lagos, Nigeria * Bank PHB Gambia - Banjul, Gambia * Bank PHB Liberia - Monrovia, Liberia * Bank PHB Sierra Leone - Freetown, Sierra Leone * Insurance PHB Limited - Lagos, Nigeria * Mortgages PHB Limited - Lagos, Nigeria * Orient Bank - Kampala, Uganda * PHB Asset Management - Lagos, Nigeria * PHB HealthCare Limited - Lagos, Nigeria * Platinum Capital Limited - Lagos, Nigeria * Spring Bank Plc. - Lagos, Nigeria Failure and closure On August 5, 2011, the Central Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uganda
}), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The southern part of the country includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania. Uganda is in the African Great Lakes region. Uganda also lies within the Nile basin and has a varied but generally a modified equatorial climate. It has a population of around 49 million, of which 8.5 million live in the capital and largest city of Kampala. Uganda is named after the Buganda kingdom, which encompasses a large portion of the south of the country, including the capital Kampala and whose language Luganda is widely spoken throughout the country. From 1894, the area was ruled as a protectorate by the United Kingdom, which established administrative law across the territory. Uganda gained independence from the UK on 9 Oc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kampala
Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division. Kampala's metropolitan area consists of the city proper and the neighboring Wakiso District, Mukono District, Mpigi District, Buikwe District and Luweero District. It has a rapidly growing population that is estimated at 6,709,900 people in 2019 by the Uganda Bureau of Statistics in an area of . In 2015, this metropolitan area generated an estimated nominal GDP of $13.80221 billion (constant US dollars of 2011) according to Xuantong Wang et al., which was more than half of Uganda's GDP for that year, indicating the importance of Kampala to Uganda's economy. Kampala is reported to be among the fastest-growing cities in Africa, with an annual population growth rate of 4.03 percent, by City Mayors. Mercer (a Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orient Bank
I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank (Uganda) Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda (BOU), the central bank and national banking regulator. Location The bank's headquarters and main branch are located at Plot 6/6A Kampala Road, in the central business district of Kampala, Uganda's capital and largest city. The geographical coordinates of the bank's headquarters are: 0°18'44.0"N, 32°35'08.0"E (Latitude:0.312222; Longitude:32.585556). Overview The bank is involved in all aspects of commercial banking, with emphasis on providing banking services to non-government organisations and their staffs. As of December 2019, the bank's total assets were valued at USh 814.3 billion (US$221.58 million), with shareholders' equity of USh 114.1 billion (approximately US$31.05 million). History The bank was founded in 1993 by a group of business people who were related by blood and marria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgages PHB Limited
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance PHB Limited
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freetown
Freetown is the capital and largest city of Sierra Leone. It is a major port city on the Atlantic Ocean and is located in the Western Area of the country. Freetown is Sierra Leone's major urban, economic, financial, cultural, educational and political centre, as it is the seat of the Government of Sierra Leone. The population of Freetown was 1,055,964 at the 2015 census. The city's economy revolves largely around its harbour, which occupies a part of the estuary of the Sierra Leone River in one of the world's largest natural deep water harbours. Although the city has traditionally been the homeland of the Sierra Leone Creole people, the population of Freetown is ethnically, culturally, and religiously diverse. The city is home to a significant population of all of Sierra Leone's ethnic groups, with no single ethnic group forming more than 27% of the city's population. As in virtually all parts of Sierra Leone, the Krio language of the Sierra Leone Creole people is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank PHB Sierra Leone
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. Because 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 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monrovia
Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the nation's primate city, Monrovia is the country's economic, financial and cultural center; its economy is primarily centered on its harbor and its role as the seat of Liberian government. Etymology Monrovia is named in honor of U.S. President James Monroe, a prominent supporter of the colonization of Liberia and the American Colonization Society. Along with Washington, D.C., it is one of two world capitals to be named after a U.S. President. History Before 1816, the area around Cape Mesurado and the mouth of the Mesurado River was called Ducor. It had long been established as a crossroads and place of trade, and was inhabited by fishing, trading and farming communities of various ethnicities, including the Dey, Kru, Bassa, Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank PHB Liberia
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. Because 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banjul
Banjul (,"Banjul" (US) and ), officially the City of Banjul, is the capital and fourth largest city of . It is the centre of the eponymous administrative division which is home to an estimated 400,000 residents, making it The Gambia's largest and most densely populated metropolitan area. Banjul is on St Mary's Island (Banjul Island), where the Gambia River enters the |
