Banque Internationale du Bénin

The Banque Internationale du Bénin (B.I.B.E.) was a bank of Benin and a member of the West African Bankers' Association.

It had its headquarters at Carrefour des 3 Banques in Cotonou and branches in Porto-Novo and Parakou. Nigerian banks dominated its ownership structure, with the First Bank of Nigeria Plc. having a 13.6% share, the Union Bank of Nigeria Plc. (13%), Nigerian Economic Operatives (47.7%), Nigerian Bureau of Public Enterprises (6.7%), and then the First Interstate Merchant Bank Ltd. (11.1%) and finally the Beninese Economic Operatives with 8.2%.[1]

In 2020, the BIBE was merged with Banque Africaine pour l'Industrie et le Commerce (BAIC) to form a new entity under government ownership, the Banque Internationale pour l'Industrie et le Commerce (BIIC).[2]

See also

• List of banks in Benin

References

1. "List of banks in Benin". West African Bankers' Association. Archived from the original on September 26, 2008. Retrieved January 11, 2009.
2. "BIBE fusionnée à la BAIC : Le capital de la nouvelle banque sera porté à 24 milliards". La Nouvelle Tribune. 17 June 2020.