The SWIFT/BIC Code BPECTGTGXXX is issued by BANQUE POPULAIRE POUR L’EPARGNE ET LE CREDIT in Togo. The issuing Bank's Bank code is XXX and The Bank Brach is XXX, located in LOME
4 letters representing the bank. It usually looks like a shortened version of that bank's name.
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Country Code A-Z
2 letters representing the country the bank is in.
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Location Code 0-9 A-Z
2 characters made up of letters or numbers. It says where that bank's head office is.
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Branch Code 0-9 A-Z
3 digits specifying a particular branch. 'XXX' represents the bank’s head office.
Country Map Togo
About Togo
In 1884, a paper was forcibly signed at Togoville with King Mlapa III, whereby Germany claimed a protectorate over a stretch of territory along the coast and gradually extended its control inland.[21][22] Its borders were defined after the capture of the hinterland by German forces and signing agreements with France and Britain. In 1905, this became the German colony of Togoland.[23] The local population was forced to work, cultivate cotton, coffee, and cocoa and pay taxes. A railway and the port of Lomé were built for export of agricultural products. The Germans introduced techniques of cultivation of cocoa, coffee and cotton and developed the infrastructure.
During World War I, Togoland was invaded by Britain and France, proclaiming the Anglo-French condominium, during the West African Campaign. Following the Allied invasion of the colony in August 1914, German forces were defeated, forcing the colony's surrender on 26 August 1914. On 7 December 1916, the condominium collapsed and Togoland was subsequently partitioned into British and French zones, creating the colonies of British Togoland and French Togoland.[24] On 20 July 1922, Great Britain received the League of Nations mandate to govern the western part of Togo and France to govern the eastern part. In 1945, the country received the right to send three representatives to the French parliament.
After World War II, these mandates became UN Trust Territories. The residents of British Togoland voted to join the Gold Coast as part of the independent nation of Ghana in 1957. French Togoland became an autonomous republic within the French Union in 1959, while France retained the right to control defence, foreign relations, and finances.[citation needed]
Independence[edit]
The Togolese Republic was proclaimed on 27 April 1960.[25] In the Togolese general election, 1961, Sylvanus Olympio became the first president, gaining 100 per cent of the vote in elections boycotted by the opposition. On 9 April 1961, the Constitution of the Togolese Republic was adopted, according to which the supreme legislative body was the National Assembly of Togo.[26] In December 1961, leaders of opposition parties were arrested because they were accused of the preparation of an anti-government conspiracy. A decree was issued on the dissolution of the opposition parties. Olympio tried to reduce dependence on France by establishing cooperation with the United States, United Kingdom, and West Germany. He rejected the efforts of French soldiers who were demobilized after the Algerian War and tried to get a position in the Togolese army. These factors eventually led to a military coup on 13 January 1963 during which he was assassinated by a group of soldiers under the direction of Sergeant Gnassingbé Eyadéma.[27] A state of emergency was declared in Togo. The military handed over power to an interim government led by Nicolas Grunitzky. In May 1963, Grunitzky was elected President of the Republic. The new leadership pursued a policy of developing relations with France. His main aim was to dampen the divisions between north and south, promulgate a new constitution, and introduce a multiparty system.
On 13 January 1967, Eyadéma overthrew Grunitzky in a bloodless coup and assumed the presidency.[28][29] He created the Rally of the Togolese People Party, banned activities of other political parties and introduced a one-party system in November 1969. He was reelected in 1979 and 1986. In 1983, the privatization program launched and in 1991 other political parties were allowed. In 1993, the European Union froze the partnership, describing Eyadéma's re-election in 1993, 1998 and 2003, as a seizure of power. In April 2004, in Brussels, talks were held between the EU and Togo on the resumption of cooperation.
The 2017–18 Togolese protests against the 50-year rule of the Gnassingbé family
Eyadéma Gnassingbé died on Saturday, 5 February 2005.[30] The military's installation of his son, Faure Gnassingbé,[28] as president provoked international condemnation, except from France. Some "democratically elected" African leaders such as Abdoulaye Wade of Senegal and Olusegun Obasanjo of Nigeria supported the move, creating a rift within the African Union.[31] Gnassingbé left power and held elections, which he won two months later.[32] The opposition declared that the election results were fraudulent. The events of 2005 led to questions regarding the government's commitment to democracy that had been made in an attempt to normalize relations with the EU which cut off aid in 1993 due to questions about Togo's human rights situation. Up to 400 people were killed in the violence surrounding the presidential elections, according to the UN. Around 40,000 Togolese fled to neighbouring countries. Gnassingbé was reelected in 2010 and 2015.
Togo became the first African nation to win an Olympic medal in canoeing at the 2008 Summer Olympics in Beijing when Benjamin Boukpeti won bronze in the K-1 slalom.
In 2017, anti-government protests erupted. UN condemned the resulting crackdown by security forces, and The Gambia's foreign minister, Ousainou Darboe, had to issue a correction after saying that Gnassingbé should resign.[33]
In the February 2020 presidential elections, Gnassingbé won his fourth presidential term in office as the president of Togo.[34] According to the official result, he won with a margin of around 72% of the vote share. This enabled him to defeat his closest challenger, former prime minister Agbeyome Kodjo, who had 18%.[35] On 4 May 2020, Bitala Madjoulba, the commander of a Togolese military battalion, was found dead in his office one day after Gnassingbé was sworn in for his fourth term. An investigation was opened for this case, resulting in Major General Kadangha Abalo Felix being prosecuted and tried for involvement in Madjoulba's assassination and 'conspiracy against the internal security of the state'.[36][37]
Joining the Commonwealth[edit]
Togo joined the Commonwealth in June 2022.[38][39] Prior to its admission at the 2022 Commonwealth Heads of Government Meeting, Foreign Minister Robert Dussey said that he expected Commonwealth membership to provide new export markets, funding for development projects and opportunities for Togolese citizens to learn English and access new educational and cultural resources.[40]
Government[edit]
Main article: Politics of Togo
Sylvanus Olympio, the first president of Togo from 1960 to 1963
Gnassingbé Eyadéma, the third and longest-serving president from 1967 until his death in 2005.
The president is indirectly elected for a double term of four years, and is the commander-in-chief of the armed forces and has the right to initiate legislation and dissolve parliament. Executive power is exercised by the council of ministers and its president which is the head of government and is also a position that was formerly known as the prime minister. The president appoints the president of the Council of Ministers.
President Gnassingbé Eyadéma, who until 1993, ruled Togo under a one-party system, died of a heart attack on 5 February 2005. Under the Togolese Constitution, the President of the Parliament, Fambaré Ouattara Natchaba, should have become president of the country, pending a presidential election to be called within 60 days. Natchaba was out of the country, returning on an Air France plane from Paris.[41] The Togolese army, known as Forces Armées Togolaises (FAT), or Togolese Armed Forces, closed the nation's borders, forcing the plane to land in Benin. With an engineered power vacuum, the Parliament voted to remove the constitutional clause that would have required an election within 60 days and declared that Eyadema's son, Faure Gnassingbé, would inherit the presidency and hold office for the rest of his father's term.[41] Faure was sworn in on 7 February 2005, with international criticism of the succession.[42] The African Union described the takeover as a military coup d'état.
The SWIFT code is a unique code that identifies a specific bank in international transactions. It is also known as the BIC code.
How does a SWIFT Code work?
The SWIFT code is used to facilitate international payments by identifying the receiving bank in the global banking system.
Why is the SWIFT Code important?
The SWIFT code ensures that international payments reach the correct bank quickly and efficiently, reducing errors and delays.
How to obtain a SWIFT Code?
You can obtain your bank’s SWIFT code by looking it up on their website or contacting their customer service.
Is the SWIFT Code the same as the IBAN?
No, the SWIFT code identifies a bank for international transactions, while the IBAN identifies a specific bank account.
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