Tooltip Tags: financial institution

World Council of Credit Unions

Global trade association and development agency for credit unions which promotes the sustainable development of credit unions and other financial cooperatives around the world to

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saving bank

Financial institution whose primary purpose is accepting savings deposits. In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original

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safe-deposit box

Individually-secured container, usually held within a larger safe or bank vault located in banks, post offices, or other institutions used to store valuable possessions. In

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reserve requirement

The reserve requirement is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as

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Raiffesen Bank

Friedrich Wilhelm Raiffeisen was a german mayor and cooperative pioneer. He stated that there is a connection between poverty and dependency. In order to fight

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postal savings system

Many nations’ post offices operated or continue to operate postal savings systems to provide depositors who do not have access to banks a safe, convenient

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merchant bank

A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. (source: http://en.wikipedia.org/wiki/Merchant_bank)

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