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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Domestic and Foreign Investors Must Collaborate to Fully Harness Nigeria’s Economic Potentials

This Day 17 Feb 2019

... up on his plans in retirement to deploy his vast experience, knowledge and expertise to offer advisory services to national and subnational governments, players in the private sector and civil society organisations across Africa as well as the international development community....

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Record EUR 3.3 billion European Investment Bank engagement across Africa supports private sector, clean energy, ...

MENA FN 12 Feb 2019

(MENAFN - African Press Organization) Download logo Largest ever European Investment Bank engagement in Africa since 1965;Direct support for 59 private sector and sustainable de... ....

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Sluggish economy haunts Nigerian president at ballot box

This is Money 12 Feb 2019

... to support private sector infrastructure investment ... "If we want to see the unemployment rates coming down and certain initiatives that will boost growth, primarily it will be private sector driven," said Boye Olawoye, group managing director of investment bank Primera Africa....

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World Bank’s IFC to grow Mena investments in 2019

The National 11 Feb 2019

International Finance Corporation (IFC), the World Bank’s private sector arm, aims to invest more than $2 billion in the Middle East and North Africa (Mena) region in the 2019 fiscal year, as it seeks to grow the private sector and expand regional economies....

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Entrepreneurship Key for Poverty Eradication in Africa, Says Elumelu

This Day 25 Jan 2019

According to him, Africa’s development requires massive private global capital to fire and power investments in the area of infrastructure, to create employment and eradicate poverty ... That we are achieving, so when we come here, we think this year’s has been quite exciting,” Elumelu, who is also the Chairman of the United Bank for Africa explained....

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Ghana Amalgamated Trust appoints Chairman, Managing Director

Ghana Business News 23 Jan 2019

Mr Essien is a seasoned banker with about 30 years of experience in banking ... Mr Essien serves as an Independent Non-Executive Director at Old Mutual Ltd., South Africa. Mr Otoo, on his part, has about 15 years of experience in investment banking, consulting and private equity, having worked with Goldman Sachs, Mckinsey and Duet, among others....

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Invest in Africa to celebrate high-performing SMEs at 2nd SME Excellence Awards

Joy Online 23 Jan 2019

Not for profit organization Invest in Africa (IIA) will reward 10 Small to Medium Enterprises (SMEs) that have excelled in various aspects ... The BLP is funded by the African Development Bank’s (AfDB) SME division known as the Fund for Africa Private Sector Assistance (FAPA)....

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Parade in memory of Battle of Rorke's Drift hero is cancelled over health and safety fears after police say they might not be able to stop traffic

This is Money 17 Jan 2019

John Williams was given Britain's highest honour of the Victoria Cross for his service in the conflict which took place on the bank of the Buffalo River in Natal Province in South Africa ... conflict which took place on the bank of the Buffalo River in Natal Province in South Africa....

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East Africa: How Safaricom, Cba's Fuliza Overdraft Service Works

All Africa 15 Jan 2019

Kenya's largest privately-owned bank Commercial Bank of Africa (CBA) in partnership with Safaricom recently launched a new feature on the M-PESA wallet dubbed FULIZA, to complement the existing 30-day term loan, currently offered as M-Shwari .......

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Youth is Africa’s prime challenge – but it could be an asset

Mail Guardian South Africa 10 Jan 2019

To date, Africa’s job creation has not kept up with birth rates ... The African Development Bank observed that “the private sector is Africa’s primary engine of growth ... The bank also says that “Africa continues to perform poorly on standard governance indicators, scoring 30% lower than the Asian average and 60% lower than industrialised countries”....

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Jim Yong Kim resigns as president of the World Bank

The Observer 07 Jan 2019

Kim’s decision to quit for the private sector was described by sources close to the bank as a “personal decision” ......

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Prospect Rises for Nigeria’s Creative Industry

This Day 06 Jan 2019

Prior to BAFEST, the bank has proven its support for different sectors in the industry by partnering various private steps like Africa International Film Festival, AFRIFF, Arts X as well as its initiated Accelerate Filmmakers Project and Accelerate TV....

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Bank in drive to tap into the sun for power

Independent online (SA) 11 Dec 2018

In South Africa, the bank and its partner, the Climate Investment Fund, have helped fund the Sere Wind Farm, where 46 turbines supply 100 megawatt to the national power grid and expected to save 6million tons of greenhouse gases over its 20-year expected lifespan, supplying 124000 homes....