Banque internationale pour l'Afrique de l'Ouest (BIAO)
International Bank for West Africa
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Founded
1853 Saint Louis Senegal
History
1853, Saint Louis (Senegal) and 1863, Paris (France), as 'Banque du Sénégal'; in 1901, became Banque de l'Afrique de l'Ouest (BAO). Current title adopted in 1965, when capital opened to American interests and structure broadened. The French-based intergovernmental company dissolved on 14 Jun 1990, Paris, when activities were taken over by the branch based in Côte d'Ivoire, also referred to as Compagnie bancaire de l'Afrique de l'Ouest and by the initials BIAO-CI. Privatized in Jan 2000, when 80% of assets were purchased from the state of Côte d'Ivoire by the Belgian Banque Belgolaise, although the state retains 20%.
Relations with Non-Governmental Organizations
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UIA Org ID
XF5834
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