What does BCIC mean in BANKING
BCIC stands for Bank Century Intervest Corporation, a defunct Indonesian bank that was once among the country's largest private banks.
BCIC meaning in Banking in Business
BCIC mostly used in an acronym Banking in Category Business that means Bank Century Intervest Corporation
Shorthand: BCIC,
Full Form: Bank Century Intervest Corporation
For more information of "Bank Century Intervest Corporation", see the section below.
BCIC Meaning in Business
BCIC played a significant role in Indonesia's financial sector, providing various banking services to individuals and businesses. Its core operations included:
- Commercial banking: Offering loans, deposits, and other financial services to businesses and individuals.
- Investment banking: Assisting clients with mergers, acquisitions, and other financial transactions.
- Wealth management: Providing investment advisory and portfolio management services to high-net-worth individuals.
BCIC Full Form
- B: Bank
- C: Century
- I: Intervest
- C: Corporation
What Does BCIC Stand For?
BCIC was formed through a merger between Bank Century and Intervest Corporation in 2004. The bank aimed to become a leading financial institution in Southeast Asia, but its ambitious expansion plans and poor risk management practices led to its collapse.
Final Words: BCIC's demise highlighted the importance of sound financial management and risk mitigation in the banking industry. Its former shareholders and depositors suffered significant losses, while the Indonesian government had to intervene to prevent a wider financial crisis.
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