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In 2016, EFG International bought BSI from BTG Pactual for CHF 1.33 billion ($1.33 billion). Less than a year earlier, BTG Pactual had bought the Swiss bank from the Italian Generali for CHF 1.25 billion. According to EFG and BSI plans, the deal will save them 185 million Swiss francs per year until 2019. The brands of both companies have ...
BSI had been the oldest bank in the Swiss canton of Ticino until its integration into EFG Bank and the following renaming into EFG, which took place in 2017. [2] Founded in 1873 in Lugano as the Banca della Svizzera Italiana , BSI was an institution that specialises in asset management and related services for private and institutional clients.
BSI Group headquarters building in Gunnersbury, West London, featuring the BSI Group logo. BSI was founded as the Engineering Standards Committee in London in 1901. [5] [2] It subsequently extended its standardization work and became the British Engineering Standards Association in 1918, adopting the name British Standards Institution in 1931 after receiving a Royal Charter in 1929. [2]
BNI Syariah: The bank was founded on 29 April 2000 as a sharia banking unit of BNI. In 2010, it spun-off as a separate subsidiary. BRIsyariah: The bank was originally established on 3 July 1969 as Bank Djasa Arta (later spelled Bank Jasa Arta) and headquartered in Bandung, West Java. On 19 December 2007, the bank was acquired by BRI.
In 2014, it made two acquisitions in Europe: British reinsurer Ariel Re [18] bought for an undisclosed amount, and also Swiss bank BSI, [19] for US$1.7 billion. [ 20 ] In 2017, BTG Pactual bought shares of companies such Anheuser-Busch InBev , Fibria Celulose , Gerdau , Staples and Telefónica Brasil .
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In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. [2] A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it. [3]
Bank Saderat Iran was founded on September 7, 1952, by the Bolurfrushan family, Mohammad Ali Mofrah, and several of his associates. The bank was initially established with a capital of 20 million Iranian rials in credit and 3,500 Iranian rials in loans.