Private bank

Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.

These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672.

There were many private banks in Europe, but most have now become incorporated companies, so the term is rarely true any more. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high-net-worth individuals (private banking).

"Private banks" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Private_bank

Latest News for: Africa private bank

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-South Africa's land expropriation unnerves investors - World Bank executive

This is Money 14 Nov 2018

"If you create uncertainty of some aspects of your environment, and land tenure is one of them, that is one aspect that investors will be looking at," Sérgio Pimenta, the vice president for the Middle East and Africa at the International Finance Corporation (IFC), the World Bank's private investment arm, told Reuters....

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World Bank: amending constitution over land is unnerving investors

Business Day 14 Nov 2018

‘‘If you create uncertainty of some aspects of your environment, and land tenure is one of them, that is one aspect that investors will be looking at,’’ Sérgio Pimenta, the vice-president for the Middle East and Africa at the International Finance Corporation (IFC), the World Bank’s private investment arm, told Reuters....

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Banks help Home Affairs issue more smart IDs and passports

Independent online (SA) 11 Nov 2018

The Department of Home Affairs intends to finalise a public- private partnership with the banking sector and the Treasury to roll out its e-services across South Africa before the end of the current financial year. “We intend finalising a public-private partnership with the ......

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OPIC signs R1.4 billion loan deal with Africell

Independent online (SA) 10 Nov 2018

... the Overseas Private Investment Corporation (OPIC). The deal was signed on the sidelines of the African Development Bank’s Africa Investment Forum in Johannesburg, and forms part of the OPIC’s $1 billion investment in African infrastructure and technology launched earlier in 2018....

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Government is facilitating private sector growth – President

Ghana Business News 09 Nov 2018

Presidential Investment Chats,” at the ongoing Africa Investment Forum organized by the African Development Bank in Johannesburg, South Africa. “The role of government, in our view, is to be a facilitator for the development of the private sector, and that has been the focus of our government,” he said....

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Ramaphosa to officially open Africa Investment Forum

Independent online (SA) 08 Nov 2018

JOHANNESBURG - President Cyril Ramaphosa will on Thursday morning officially open the inaugural session of the African Development Bank's Africa Investment Forum (AIF) ... The bank says financing Africa’s development needs will require an estimated US $600 to US $700 billion per annum....

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Africa:Trade Holds Key to Wealth Creation - Afreximbank's Oramah

All Africa 31 Oct 2018

The African Export-Import Bank (AfrExImBank) is one of the long-established but lesser known continent-wide institutions. Created by African governments and private and institutional investors from Africa and elsewhere, the bank promotes and finances the expansion of both intra-African and extra-African trade....

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South African ruling party warns to fire errant members over bank scandal

Coastweek 30 Oct 2018

South Africa ANC urged to pay back “donation” money from troubled bank ... The conference will also focus on ways in which the G20, African countries and development banks can cooperate to promote private investment and economic participation in Africa, while reflecting on the achievements and gains made since the Hamburg Summit of 2017....

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African leaders meet in Germany at development summit

Centre Daily Times 30 Oct 2018

Chancellor Angela Merkel met with a group of African leaders, international organizations and corporate heads Tuesday to promote a program launched during Germany's Group of 20 presidency last year to encourage private investment in Africa....

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[WATCH LIVE] President Ramaphosa at G20 Summit

Eye Witness News 30 Oct 2018

It's understood the summit aims too find ways in which the G20, African countries, and development banks can co-operate to promote private investment and economic participation in Africa ... ....

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S. African president embarks on mission to woo investment

Xinhua 28 Oct 2018

The G20 Africa ... The conference will also focus on ways in which the G20, African countries and development banks can cooperate to promote private investment and economic participation in Africa, while reflecting on the achievements and gains made since the Hamburg Summit of 2017....

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Cyril Ramaphosa to give clarity on fate of suspended Sars boss

Business Day 28 Oct 2018

Conference delegates are set to discuss progress  of the G20 Africa Partnership and the G20 Compact with Africa. They will also focus on the ways in which the G20, African countries and development banks can co-operate to promote private investment and economic participation in Africa.....

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