The Housing Bank for Trade and Finance. The Housing Bank for Trade & Finance / Algeria was founded in October 2. PZD 1. 0 billion (equivalent to about USD 1. The Housing Bank for Trade and Finance, and later this share was raised to reach 8. The Housing Bank for Trade & Finance / Algeria also offers a wide array of financial services to clients in the retail and corporate segments of the Algerian market. Through its leading position in the Algerian market, The Housing Bank for Trade & Finance / Algeria continues to capitalize on business opportunities with reputable companies in harmony with its expansion strategy and international diversification policy, thus bolstering its position in the Algerian banking market. Contact details. Mr.
Houcine Hannachi. General Manager. 16 Ahmed Waked St, Dali Ibrahim. P. O. Box: 1. 03. Postal Code 1. 6 3. Dali Ibrahim, Algeria.
Telephone : (+2. Fax : (+2. 13) 2. Email: housingbank@housingbankdz. Website : www. housingbankdz. Dely Ibrahim branch (1. Ahmed Ouaked street, Dely Ibrahim - Algiers – ALGERIABranch manager: Ahcene ahmed ouamer Tel : (+ 2.
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Fax : (+ 2. 13) 0 2. E- mail : agence- 1.
Blida branch (1. Larbi Tebessi Street, APC Blida - BLIDA – ALGERIABranch manager: Sami abdeslam Tel : (+2. Fax : (+2. 13) 0 2.
E- mail : agence- 1. Oran branch (1. Coopérative El Bahia, Haï Essalem N°1. Saint Hubert) - Oran – ALGERIABranch manager: Negadi Djamel eddine Tel : (+2. Fax : (+2. 13) 0 4. E- mail : agence- 1.
Sétif branch (1. Novembre 1. 95. 4 street - Sétif – ALGERIABranch manager: Gasmi mourad Tel : (+2. Fax : (+2. 13) 0 3. E- mail : agence- 1.
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Dar El Beida branch – Algiers (1. Mohammed Khemisti street, Dar El Beida, Algiers – ALGERIABranch manager: Farouk Laidi benyoucef. TEL : (+ 2. 13) 0 2. Fax : (+2. 13) 0 2. E- mail : agence- 1. Béjaia branch (1.
Krim Belkacem street ,Promotion Immobilière 4. Logements, Béjaia – ALGERIABranch manager: Boumedad yacine TEL : (+ 2. Fax : (+2. 13) 0 3. E- mail : agence- 1.
Nordea Bank - vi tilbyr finansielle tjenester innen bank, kapitalforvaltning og forsikring. Ved å samle dine banktjenester, kan du oppnå fordeler. Velkommen som kunde! Division of Finance. Details Category: Finance General Published on Friday, 24 August 2012 20:19 Written by Shane Herzog Hits: 766493 The Division of Finance is. Automating trade finance to transform service and become the go-to bank. New economics, trade dynamics and evolving corporate supply chains have redefined trade finance.
Constantine branch (1. LELOUCHE, Hamou Belhadj Mustapha street, N°0. Sidi Mabrouk ,Constantine – ALGERIABranch manager: Nait abdelhamid TEL : (+ 2. Fax : - E- mail : agence- 1.
Britannica. com. Bank, an institution that deals in money and its substitutes and provides other money- related services. In its role as a financial intermediary, a bank accepts deposits and makes loans. It derives a profit from the difference between the costs (including interest payments) of attracting and servicing deposits and the income it receives through interest charged to borrowers or earned through securities. Many banks provide related services such as financial management and products such as mutual funds and credit cards. Some bank liabilities also serve as money—that is, as generally accepted means of payment and exchange. This article describes the development of banking functions and institutions, the basic principles of modern banking practice, and the structure of a number of important national banking systems. Certain concepts not addressed here that are nonetheless fundamental to banking are treated in the articles accounting and money.
Principles of banking. The central practice of banking consists of borrowing and lending. As in other businesses, operations must be based on capital, but banks employ comparatively little of their own capital in relation to the total volume of their transactions. Instead banks use the funds obtained through deposits and, as a precaution, maintain capital and reserve accounts to protect against losses on their loans and investments and to provide for unanticipated cash withdrawals.
Genuine banks are distinguished from other kinds of financial intermediaries by the readily transferable or “spendable” nature of at least some of their liabilities (also known as IOUs), which allows those liabilities to serve as means of exchange—that is, as money. Types of banksbank note. Peter Dazeley—Stone/Getty Images.
The principal types of banks in the modern industrial world are commercial banks, which are typically private- sector profit- oriented firms, and central banks, which are public- sector institutions. Commercial banks accept deposits from the general public and make various kinds of loans (including commercial, consumer, and real- estate loans) to individuals and businesses and, in some instances, to governments.
Central banks, in contrast, deal mainly with their sponsoring national governments, with commercial banks, and with each other. Besides accepting deposits from and extending credit to these clients, central banks also issue paper currency and are responsible for regulating commercial banks and national money stocks. The term commercial bank covers institutions ranging from small neighbourhood banks to huge metropolitan institutions or multinational organizations with hundreds of branches.
Although U. S. banking regulations limited the development of nationwide bank chains through most of the 2. American commercial banks to organize along the lines of their European counterparts, which typically operated offices and bank branches in many regions. In the United States a distinction exists between commercial banks and so- called thrift institutions, which include savings and loan associations (S& Ls), credit unions, and savings banks. Like commercial banks, thrift institutions accept deposits and fund loans, but unlike commercial banks, thrifts have traditionally focused on residential mortgage lending rather than commercial lending.
The growth of a separate thrift industry in the United States was largely fostered by regulations unique to that country; these banks therefore lack a counterpart elsewhere in the world. Moreover, their influence has waned: the pervasive deregulation of American commercial banks, which originated in the wake of S& L failures during the late 1. U. S. thrift industry in doubt. London. Barry Lewis/Corbis. While these and other institutions are often called banks, they do not perform all the banking functions described above and are best classified as financial intermediaries. Institutions that fall into this category include finance companies, savings banks, investment banks (which deal primarily with large business clients and are mainly concerned with underwriting and distributing new issues of corporate bonds and equity shares), trust companies, finance companies (which specialize in making risky loans and do not accept deposits), insurance companies, mutual fund companies, and home- loan banks or savings and loan associations.
One particular type of commercial bank, the merchant bank (known as an investment bank in the United States), engages in investment banking activities such as advising on mergers and acquisitions. In some countries, including Germany, Switzerland, France, and Italy, so- called universal banks supply both traditional (or “narrow”) commercial banking services and various nonbank financial services such as securities underwriting and insurance. Elsewhere, regulations, long- established custom, or a combination of both have limited the extent to which commercial banks have taken part in the provision of nonbank financial services. Bank money. The development of trade and commerce drove the need for readily exchangeable forms of money. The concept of bank money originated with the Amsterdamsche Wisselbank (the Bank of Amsterdam), which was established in 1. Amsterdam’s ascent as the largest and most prosperous city in Europe. As an exchange bank, it permitted individuals to bring money or bullion for deposit and to withdraw the money or the worth of the bullion.
The original ordinance that established the bank further required that all bills of 6. These transfers later came to be known as “bank money.” The charge for making the transfers represented the bank’s sole source of income. Nativestock Pictures.
In contrast to the earliest forms of money, which were commodity moneys based on items such as seashells, tobacco, and precious- metal coin, practically all contemporary money takes the form of bank money, which consists of checks or drafts that function as commercial or central bank IOUs. Commercial bank money consists mainly of deposit balances that can be transferred either by means of paper orders (e. Internet payments). Some electronic- payment systems are equipped to handle transactions in a number of currencies. Circulating “banknotes,” yet another kind of commercial bank money, are direct claims against the issuing institution (rather than claims to any specific depositor’s account balance). They function as promissory notes issued by a bank and are payable to a bearer on demand without interest, which makes them roughly equivalent to money. Although their use was widespread before the 2.
In the early 2. 1st century only a handful of commercial banks, including ones located in Northern Ireland, Scotland, and Hong Kong, issued banknotes. For the most part, contemporary paper currency consists of fiat money (from the medieval Latin term meaning “let it be done”), which is issued by central banks or other public monetary authorities. All past and present forms of commercial bank money share the characteristic of being redeemable (that is, freely convertible at a fixed rate) in some underlying base money, such as fiat money (as is the case in contemporary banking) or a commodity money such as gold or silver coin.
Bank customers are effectively guaranteed the right to seek unlimited redemptions of commercial bank money on demand (that is, without delay); any commercial bank refusing to honour the obligation to redeem its bank money is typically deemed insolvent. The same rule applies to the routine redemption requests that a bank makes, on behalf of its clients, upon another bank—as when a check drawn upon Bank A is presented to Bank B for collection. While commercial banks remain the most important sources of convenient substitutes for base money, they are no longer exclusive suppliers of money substitutes. Money- market mutual funds and credit unions offer widely used money substitutes by permitting the persons who own shares in them to write checks from their accounts.
Money- market funds and credit unions differ from commercial banks in that they are owned by and lend only to their own depositors.) Another money substitute, traveler’s checks, resembles old- fashioned banknotes to some degree, but they must be endorsed by their users and can be used for a single transaction only, after which they are redeemed and retired. Open University (A Britannica Publishing Partner)For all the efficiencies that bank money brings to financial transactions and the marketplace, a heavy reliance upon it—and upon spendable bank deposits in particular—can expose economies to banking crises. This is because banks hold only fractional reserves of basic money, and any concerted redemption of a bank’s deposits—which could occur if the bank is suspected of insolvency—can cause it to fail. On a larger scale, any concerted redemption of a country’s bank deposits (assuming the withdrawn funds are not simply redeposited in other banks) can altogether destroy an economy’s banking system, depriving it of needed means of exchange as well as of business and consumer credit. Perhaps the most notorious example of this was the U.
S. banking crisis of the early 1. Banking panics and monetary contraction); a more recent example was the Asian currency crisis that originated in Thailand in 1. Bank loans, which are available to businesses of all types and sizes, represent one of the most important sources of commercial funding throughout the industrialized world. Key sources of funding for corporations include loans, stock and bond issues, and income. In the United States, for example, the funding that business enterprises obtain from banks is roughly twice the amount they receive by marketing their own bonds, and funding from bank loans is far greater still than what companies acquire by issuing shares of stock. In Germany and Japan bank loans represent an even larger share of total business funding.
Smaller and more specialized sources of funding include venture capital firms and hedge funds.