Retail Banking - Sub-types of Retail Banks

Sub-types of Retail Banks

  • Community development bank are regulated banks that provide financial services and credit to underserved markets or populations.
  • Private Banks manage the assets of high-net-worth individuals.
  • Offshore banks are banks located in jurisdictions with low taxation and regulation. Many offshore banks are essentially private banks.
  • Savings banks accept savings deposits.
  • Postal savings banks are savings banks associated with national postal systems.

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