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130:. Its main business then was the distribution of silver coins, of which it was the sole supplier. As the only bank in the country at the time, it came to play a unique role in the economy, acting as the Central Bank. In 1902, it opened another branch in
299:
in 1979. Standard
Chartered sold its remaining shares in First Bank of Nigeria in 1996. The present Standard Chartered Bank Nigeria, therefore, traces its presence in Nigeria only to 1999, when the bank re-entered Nigeria with a new, wholly owned
226:
acquired Cox & Co, which had branches in Egypt, but was itself a shareholder in BBWA. To avoid competing with itself, Lloyds had BBWA transfer its
Egyptian business to Lloyds Bank. In 1926 Lloyds transferred its operations in Egypt to the
319:
By 1974 SBWA had only two branches, both in The Gambia, and in 1978, SBWA transferred these two branches to
Standard Bank Gambia Ltd. Until 2002, by then Standard Chartered Bank Gambia remained the only bank in The
295:, Nigeria's military government sought to increase local control of the retail-banking sector. Standard Chartered Bank's investment in Standard Bank Nigeria fell to 38%, and the bank changed its name to
274:
in return for Chase taking a 15% stake in
Standard Bank, a stake that it sold in the late 1970s. BWA still operated one branch each in the French and British Cameroon Mandates, and in Morocco
26:(BBWA) was a British Overseas bank that was important in introducing modern banking into the countries that emerged from the UK's West African colonies. In 1957 it changed its name to
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64:
56:
303:
The present
Standard Chartered Bank Sierra Leone traces its corporate history back to BBWA's commissioning the Elder Dempster as its agents in Freetown in 1894
880:
895:
900:
179:
1912 β BBWA took over the activities of Bank of
Nigeria, which local merchants had established in 1899 or 1902 to create a competitor to BBWA
596:
414:
285:. SBWA spun off Standard Bank of Ghana, Standard Bank Nigeria, and Standard Bank of Sierra Leone, which went on to have separate histories
278:
17:
465:
270:
1965 β Standard Bank acquired BWA, and renamed it
Standard Bank of West Africa. SBWA acquired the Liberian and Nigerian branches of
885:
793:
890:
261:
In 1954 or so BBWA closed its
Hamburg branch, which presumably had been in abeyance during World War II and reopened thereafter
875:
860:
387:
870:
745:
330:
288:
1 January 1985 β the
Ghanaian operation became Standard Chartered Bank Ghana, under which name it continues to operate
189:
1916 β BBWA closed its branch in Douala following Douala's transfer to French administration, but opened an agency in
547:
650:
407:
815:
709:
850:
89:. Within a year they wished to close it down. Instead, they sold the operation to A.L. Jones and Elder Dempster
291:
1971 β Standard Bank of
Nigeria placed 13% of its share capital with Nigerian investors. After the end of the
451:
92:
1893 β Elder Dempster helped form Bank of British West Africa (BBWA) which took over the ex-ABC operation in
840:
825:
491:
461:
865:
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142:. British Bank of West Africa expanded its network to cover most of the main business centres in the
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481:
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219:
31:
845:
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1953 β BBWA lost its central banking functions in Ghana. The Ghanaian government established the
820:
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228:
223:
206:
704:
629:
586:
296:
271:
138:
in 1905, which it raised to the status of a branch in 1909. In 1906 it opened a branch in
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60:
351:
Bankers in West Africa : the story of the Bank of British West Africa Limited
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1957 β Bank of British West Africa changed its name to Bank of West Africa (BWA)
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44:
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Between 1930 and 1940 BBWA closed most of its branches it had established in
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96:. Eventually, BBWA established branches in Liverpool, London, and Manchester.
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to combine commercial banking activities and central banking functions
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1912 β BBWA re-opened a branch in Douala, French Cameroons, and in
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16:"BBWA" redirects here. For the baseball writers association, see
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Between 1969 and 1974, Standard Bank also closed the branches (
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Documents and clippings about Bank of British West Africa
71:, attempted to develop a banking operation along the
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186:, The Cameroons, following the Anglo-French invasion
146:
and went on to dominate commercial banking in Ghana
99:1894 β Elder Dempster Co, were appointed agents in
209:and three other banks became shareholders in BBWA
807:
81:acquired Elder Dempster's banking operations in
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597:Chartered Bank of India, Australia and China
247:In 1937 or so, BBWA established a branch in
169:In about 1910 BBWA established a branch in
63:, near London in 1852), the local agent of
415:
401:
881:1893 establishments in the British Empire
896:British companies disestablished in 1965
316:) in Cameroon that it inherited from BWA
18:Baseball Writers' Association of America
267:1963 β BWA closed its branch in Tangier
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182:1915 β BBWA established a branch in
159:1902 β BBWA established a branch in
149:1898 β BBWA established a branch in
122:1896 β BBWA established a branch in
115:for BBWA. BBWA also took over ABC's
13:
222:took over BBWA's New York agency.
14:
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548:Standard Chartered Bank of Canada
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346:. (New York: Arno Press reprint).
277:1969 β Standard Bank merged with
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651:Standard Chartered Bank Building
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886:1965 disestablishments in Egypt
331:Banque de l'Afrique Occidentale
195:1918 β BBWA opened a branch in
30:, and in 1965 was acquired by
1:
891:1965 mergers and acquisitions
452:Standard Chartered Bangladesh
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861:Gold Coast (British colony)
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522:Standard Chartered Zimbabwe
507:Standard Chartered Thailand
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447:International Bank of Qatar
384:20th Century Press Archives
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79:African Banking Corporation
24:Bank of British West Africa
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65:Elder Dempster & Co.
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675:(Group Chief Executive)
353:. (London: Hutchinson).
283:Standard Chartered Bank
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690:Greatest Race on Earth
256:Bank of the Gold Coast
229:National Bank of Egypt
57:George William Neville
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297:First Bank of Nigeria
55:, Wales in 1845) and
349:Fry, Richard. 1976.
272:Chase Manhattan Bank
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746:Seeing is Believing
28:Bank of West Africa
866:Standard Chartered
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620:Eastern Bank
615:P&O Bank
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580:Predecessors
433:subsidiaries
372:Banks portal
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175:Canary Isles
155:Sierra Leone
105:Sierra Leone
73:Guinea coast
27:
23:
22:
667:JosΓ© ViΓ±als
243:Fernando Po
224:Lloyds Bank
207:Lloyds Bank
810:Categories
660:Management
630:Union Bank
300:subsidiary
197:Alexandria
165:The Gambia
144:Gold Coast
113:The Gambia
53:Carmarthen
251:, Germany
173:, in the
69:Liverpool
59:(born at
51:(born in
782:Category
764:Spun off
558:20Twenty
466:Mox Bank
325:See also
314:Victoria
281:to form
171:Tenerife
161:Bathurst
151:Freetown
109:Bathurst
101:Freetown
61:Richmond
794:Commons
440:Current
386:of the
382:in the
337:Sources
320:Gambia.
249:Hamburg
235:Morocco
218:1923 β
205:1919 β
132:Sekondi
119:branch.
117:Tangier
87:Nigeria
77:1892 β
43:1891 β
38:History
639:Places
531:Former
310:Douala
237:, the
184:Douala
140:Kumasi
136:Obuasi
739:Other
214:Cairo
201:Egypt
128:Ghana
124:Accra
94:Lagos
83:Lagos
768:Sold
312:and
241:and
107:and
388:ZBW
67:of
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20:.
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