An offshore bank is a bank that is operated and regulated under international banking license, which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres. OFCs often also levy little or no corporation tax and/or personal income and high direct taxes such as duty, making the cost of living high.
Full-reserve banking is a system of banking where banks do not lend demand deposits and instead only lend from time deposits. It differs from fractional-reserve banking, in which banks may lend funds on deposit, while fully reserved banks would be required to keep the full amount of each customer's demand deposits in cash, available for immediate withdrawal.
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing.
La Caixa, also known as the "La Caixa" Foundation, is a not-for-profit banking foundation based in Spain, with its headquarters in Palma de Mallorca since October 2017.
In Spain, a savings bank is a financial institution that specializes in accepting savings deposits and granting loans. Spanish banks fall into two categories: Privately owned banks (bancos) and government owned banks. The original aim was to encourage thrift among the very poor, but they evolved to compete with and rival commercial banks.
The Spanish Confederation of Savings Banks is the representative body of savings banks in Spain.
Banco de Bogotá is the first commercial bank established in Colombia.
The National Bank of Panama (BNP) is one of two Panamanian government-owned banks. As of January 2009, it held deposits of about US$5 billion. The other government-owned bank is Caja de Ahorros de Panamá, with about US$1 billion in total deposits.
The Caja de Ahorros de Asturias (Cajastur) is a savings and loan association of the Principality of Asturias. Caja de Ahorros de Asturias is the trade name of the enterprise while Cajastur is the commercial brand name it commonly uses.
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
The Bank of the Nation, known in Spanish as the Banco de la Nación, is the bank which represents the Peruvian government in financial transactions in both the public and private sectors, as well as at both domestic and international levels. It is a state institution, but it should not be confused with the Central Reserve Bank of Peru, the central bank which coins money. The BN belongs to the Peruvian Ministry of Economy and Finance. Its headquarters is located in the San Isidro District of Lima, the capital of Peru.
Caja de Ahorros del Mediterráneo was a Spanish savings bank in Alicante, Valencia.
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela.
Banco del Estado de Chile, commercially operating under the brand BancoEstado, is the only Public Bank in Chile and was created by government decree in 1953. It provides financial services to consumers and companies, with a focus on national coverage in terms of geography and social sectors and a particular emphasis on the unbanked and small and medium enterprises, although it serves all types of businesses. It is the country's largest mortgage lender and largest issuer of debit cards. In addition, BancoEstado performs part of the Chilean government's financial activities through the accounts managed by the General Treasury of the Republic of Chile.
Sareb is the bad bank of the Spanish government. Its purpose is to manage and disinvest high-risk assets that were transferred to it from the four nationalized Spanish financial institutions. The company was formed in 2012.
The Common Reporting Standard (CRS) is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014.
Caja Castilla-La Mancha also known as Caja de Ahorros de Castilla-La Mancha or CCM was a Spanish savings bank headquartered in Cuenca.
Fundación Caja Cantabria is a Spanish banking foundation based in Santander. It is the entity resulting from the transformation, in 2014, of Caja de Ahorros de Santander y Cantabria, a savings bank whose commercial name was "Caja Cantabria", which had transferred its financial activity to Liberbank in 2011. Its activity consists of the maintenance and dissemination of the heritage and the social and cultural work inherited from the savings bank.
Banco del Bienestar is a state-owned, state-run banking institution owned by the Government of Mexico. It is the main provider of financial resources for social programs for the federal government. In 2018, it replaced Banco del Ahorro Nacional y Servicios Financieros and prior to this, Patronato del Ahorro Nacional.
