|
Savings Bank
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. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Postal Savings Bank
The Hungarian Postal Savings Bank () was a major savings institution in Hungary, established in 1886 as the Hungarian Royal Postal Savings Bank () and terminated in 1948. It is well remembered for its head office in District V, Budapest, District V of Budapest, a striking Art Nouveau building designed by Ödön Lechner. History The Postal Savings Bank was established on by order of Lax IX of 1885. This act initially only authorized savings accounts, but was later expanded by Law XXXIV of 1889, which authorized "checks and clearing" starting on 1 January 1890. A state institutions under the Ministry of Trade, the Postal Savings Bank used local post offices as its branches and thus had unparalleled to retail clients, especially less wealthy ones. By end-1908, the Postal Savings Bank had 684,299 depositors out of a population of around 20 million in the Kingdom of Hungary. In 1919 the Paper money of the Hungarian korona#Postal Savings Bank notes (1919), Postal Savings Bank notes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institution: # Depository institution – deposit (finance), deposit-taking institution that accepts and manages deposits and makes loans, including bank, building society, credit union, trust company, and mortgage broker; # Contractual institution – insurance company and pension fund # Investment institution – investment banking, investment bank, underwriter, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * commercial bank * cooperative banking, cooperative bank Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sparkasse Göttingen
The ''Sparkassen-Finanzgruppe'' ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany and Europe by assets. Its name refers to local government-controlled savings banks that are known in German as , plural . Its activity is overwhelmingly located in Germany. History The , established in Hamburg in 1778, is widely viewed as the first modern savings bank. Other accounts emphasize the significance of the savings bank of Göttingen, founded in 1801, which was the first established with a municipal guarantor whereas earlier foundations had been initiated by merchants, clerics or academics (Hamburg later created its own municipal savings banks in 1827). In 1838, the Kingdom of Prussia adopted the first savings banks legislation (), which unified the legal status of the 234 savings banks then existing under its jurisdiction and put them under the regime of the respective local governments; it served as a model ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Own Savings Bank
People's Own Savings Bank (POSB), is a savings bank in Zimbabwe. It is one of the financial institutions, licensed and supervised by the Reserve Bank of Zimbabwe, the national banking regulator. , POSB had total assets valued at US$133.7 million, with $63.81 million in customer deposits and made an after-tax profit of US$7.9 million in the calendar year 2015. As at that time, the bank had over 500,000 savings accounts, maintained 34 brick and mortar branches, operated 220 agency branches through Zimpost, and another 18 agency branches through Meikles Supermarkets. That same month POSB started offering mortgages at 12 percent annual interest, with maximum terms of 10 years. History POSB was formed in 1904, as the ''Post Office Saving Bank''. In 1999 the People’s Own Savings Bank Act was established as a corporate body in accordance with the People’s Own Savings Bank of Zimbabwe Act. In 2001, the Zimbabwe Posts & Telecommunications Corporation (PTC) was split into four inde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Österreichische Postsparkasse
Österreichische Postsparkasse (, , abbr. P.S.K.) was a postal savings systems, postal savings bank in Austria. It was owned by the Österreichische Post, Austrian Post Office and thus by the government. It merged on 1 October 2005 with the BAWAG to form BAWAG P.S.K. History During the Austro-Hungarian Empire Österreichische Postsparkasse was founded by law in 1882. On 28 May, the parliamentary bill "...on the introduction of postal savings banks in kingdoms and countries represented by the Imperial Assembly" was passed in the Imperial Council (Austria), Imperial Council (''Reichsrat''). The government bill was drawn up by Georg Coch, the founder and first director of the bank. The first headquarters of the "k.k. Postsparcassen-Amt" (Imperial-Royal Postal Savings Office) was opened on 12 January 1883 in the former Dominican Order, Dominican Monastery building on Wollzeile street in the first Viennese district Innere Stadt. About 4,000 post office branches located throughou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caisse Nationale D'Épargne
La Banque postale (, ) is a French postal bank, created on 1 January 2006 as a subsidiary of La Poste, the national postal service. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. Overview The bank provides service to over 10.8 million active private customers, as well as more than 400,000 customers businesses, professionals, social economy actors and local public sector bodies. The company is considered to be one of the leading lenders to local authorities, maintaining an expansive branch network in France consisting of over 17,000 contact points and 7,700 post offices. It is the only bank in France charged with the responsibility to implement banking services to the public under a legislative initiative to modernize the French economy in 2008. La Banque postale reports a net income of €5.602 billion, -2.5% relative to 2015. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rijkspostspaarbank
Postbank N.V. was a large Dutch bank, which went on to become part of ING Group. It had 7.5 million private account holders and was one of the largest providers of financial services in the country. It provided current and savings accounts, loans, mortgages, insurance, investments and pensions. As opposed to other banks, it had no branches but operated completely through land mail, telephone and online banking, although some operations have traditionally been available through post offices. History It was founded in 1881 by the national government as the ''Rijkspostspaarbank'' (National Postal Savings Bank). In 1986 it was privatised, together with the ''Postgiro'' service, as the Postbank. A merger in 1989 with the NMB Bank led to the creation of NMB Postbank Groep, and a further merger with insurer NN Group, Nationale Nederlanden in 1991 created the ING Group. On 16 May 2007, ING Group announced plans to merge its ''ING Bank'' subsidiary with ''Postbank'' to form a single ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postal Savings System
Postal savings systems provide depositors who unbanked, do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Savings And Investments
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's Public Sector Net Cash Requirement, deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's United Kingdom national debt, debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering. History Post Office Savings Bank The Post Office Savings Bank (POSB) was founded in 1861 by the Henry John Temple, 3rd Viscount Palmerston, Palmerston British government, government following a suggestion by George Chetwynd (civil servant), George ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brumath
Brumath (; ) is a commune in the Bas-Rhin department in Grand Est in north-eastern France. History Brumath occupies the site of the Roman '' Brocomagus''. Maria Christina of Saxony, aunt of Louis XVI, died in the château in the city. The building was partly demolished in the Revolution. Geography Brumath is located on the Zorn river, and is north of Strasbourg and south of Haguenau. Population Landmarks Brumath has a Roman Catholic and a Protestant church. The Protestant church is housed in the former castle of the Hanau-Lichtenberg family since 1804. The vaulted basement of the castle also houses the ''Musée archéologique'', displaying findings made in and around the ancient Roman town of ''Brocomagus''. Transportation Brumath is served by the Route nationale 63, linking Strasbourg to Haguenau, and by the A4 autoroute. It has a railway station on the line linking Strasbourg and Metz. Notable people * George Brumder's ancestry is from Brumath as is the origin of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erste Bank
Erste Group Bank AG (shortened version Erste Group) is an Austrian financial service provider. It is one of the largest financial service providers in Central and Eastern Europe serving more than 16 million clients in over 2,000 branches in seven countries. Erste Group is headquartered in Vienna and operates as a universal bank. Erste Group is the central entity of the Sparkassengruppe Österreich (Austrian Savings Banks Group) and the Österreichischer Sparkassenverband. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. The main shareholder of Erste Group is the non-profit ERSTE Foundation. In 1997, Erste Group went public and today the company is listed on the exchanges of Vienna, Prague and Bucharest and included in the indices ''CEETX'', ATX and PX. History The origins of Erste Group are in the founding of the Erste öster ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
