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The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
[6]: 5 The Banque Internationale pour le Commerce et l'Industrie de la Guinée (BICIGUI) was founded in Conakry in 1985, [7] the Banque pour l'Industrie et le Commerce des Comores (BICC) in Moroni in 1990, and the Banque Internationale pour le Commerce et l'Industrie du Mali (BICIM) in Bamako in 1999. [8]
Cartoon of Charles Ferry, a board member of the Banque Franco-Égyptienne in the 1870s, bringing financing to Egypt. The Banque franco-égyptienne [] (BFE, “French-Egyptian Bank”) was created in 1870 on the initiative of financier Louis-Raphaël Bischoffsheim in the context of financial stress of the Khedivate of Egypt, which had close relations with France at the time. [1]
The Bank of France (French: Banque de France [bɑ̃k də fʁɑ̃s], the name used by the bank to refer to itself in all English communications) is the national bank of France and the French member bank of the Eurosystem. It was established by Napoleon Bonaparte in 1800 as a private-sector corporation with unique public status.
Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. [ 2 ]
In 1970, the bank acquired the Banque populaire, which had been founded in 1848 as the Caisse d'économie de Notre-Dame de Québec. In 1977 it acquired the Unity Bank of Canada, a small Toronto bank founded in 1972. It merged with the Banque Canadienne Nationale to form the National Bank of Canada in 1979. [5]
The governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. [1] The Bank of Canada Act , 1985, S. 6(1), [ 2 ] provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor ...
The Bank of Canada Act (French: Loi sur la Banque du Canada) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. [1] Prior to 1934, Canada had no central bank and fragmented control of the banking system.