Savings banks in Sweden

Swedbank Oak Tree 24 October 2020

Savings banks (Sparbanker) in Sweden are regulated by the Savings Banks Act which sets a the system of principals including involvement into ecomonic and social life of local communities. Swedish savings banks provide full range of retail banking products and services to regional individuals, self-employed professional and companies.

Major Banks of Denmark

Total assets of systemic banks in Denmark 22 October 2020

Danish banking sector is characterized by large size in terms of total assets, high degree of concentration, and prevailing share of domestic banks over foreign-controlled banks. These characteristics are applied to major banks in Denmark as well.

Banks in Belgium

Banks in Belgium by country of origin 14 October 2020

Located in the center of Western Europe, Belgium is a high-income and well diversified economy. Belgian banking sector is broadly diversified not only in terms of international presense: provided products and services range from traditional for BeNeLux international private banking, asset and wealth management offered to individuals, business entities and institutions to modern investment banking, securities trading and custody services.

Banks in Luxembourg

Banks in Luxembourg by country of origin 8 October 2020

Banking and financial services is one of the main industries of Luxembourg. Favorable legislation and taxation, stable social and economic environment make Luxembourg an attractive destination for foreign financial institutions.

Offshore Banking in Macedonia

Krushevo Macedonia 30 September 2020

Macedonia (officially the Republic of North Macedonia) is a country in Southeastern Europe (Balkan peninsula) and a European Union candidate since 2004. Despite carrying substantial risks, Macedonia can be considered as an alternative offshore destination when looking for essential banking services or company incorporation.

International Banking in Georgia

Georgia 23 September 2020

Georgia, a developing country in the Caucasus region, attracts foreign investors and expatriates by her liberal tax, labor and immigration legislation, business friendly practices, low corruption, high security, mild climate and picturesque landscapes. Banking services provided to international customers in Georgia are mainly focused on traditional retail and business banking.

Top 100 Banks in the United Kingdom 2019

Top banks UK 20 September 2020

In 2019, 100 top banks in the United Kingdom comprised together about 70,0 % of the country's banking assets. Slightly more than the half of these banks (59) have domestic capital, while 41 banks are foreign-controlled representing 22 different countries.

Expat Banking in Greece

Greece Santorini 17 September 2020

Although there is no formal requirement on having a local bank account when getting a residency or buying a property in Greece, the Greek government has implemented a number of restrictions on the use of cash, so having a bank account can be useful in everyday activities. Banking services in Greece are available not only to Greece residents, but also to non-residents, both individuals and companies.

International Banking in Bermuda

Bermuda Harbour 14 September 2020

Initially focused on tourism, Bermuda has emerged info international business and offshore financial center and has recently shown steady progress in attracting companies and individuals working in FinTech space. International banking services, provided in Bermuda include not only traditional retail and business banking, but also private banking, asset management, wealth management, wealth and tax planning, trust adiministration, and online brokerage.

Crypto-Friendly Banks in Europe

Bitcoin 4 September 2020

Since Bitcoin launch in 2009, cryptocurrencies have been gaining attention not just among private investors but also among corporations considering introduction of their own cryprocurrencies and governments studying application of Blockchain technology to fiat currencies. Legal status of cryptocurrencies vary substantially between jurisdictions and so do bank policies concerning cryptocurrencies.

International Banking in Andorra

Andorra la Vella 27 August 2020

Andorra, a European micro-state located in the Central Pyrenees between Spain and France, attracts international investors with its stable economical and political environment, competitive tax framework, solid banking and financial sector which accounts for about 20% of Andorra's GDP. Andorran banks serve domestic and international customers and are specialized in private banking, asset and wealth management, as well as retail banking for both individuals and companies.

Top 50 EMIs in the United Kingdom 2018

City of London 20 August 2020

The United Kingdom hosts around half of all electronic money institutions (EMis) registered in the European Economic Area, which provide a broad varieties of solutions to individuals, companies and merchants. Aggregated total assets of British EMIs in 2018 were around 11 bln GBP, 77 EMIs reported increase in total assets which is together with the increased number of EMIs indicates growth in this sector.

E-Money Institutions in The Fintech Ecosystem of Lithuania

K29 Vilnius 16 August 2020

Lithuania is a dynamic European innovation and fintech hub, having all necessary conditions for its fintech ecosystem to grow and develop, namely support from the government, favorable taxation system, progressive regulatory rules, multi-disciplinary talent pool, innovative infrastructure. Electronic money institutions (EMIs) play an important role in the fintech ecosystem of Lithuania: out of more than 200 fintech companies registered in the country, over 60 are electronic money institutions.

SEPA Payments Explained

SEPA 6 August 2020

Single Euro Payments Area (SEPA) is an initiative of the European Union aimed to ensure that customers can make cashless Euro payments to anywhere within SEPA area in a fast, safe and efficient way, just like national payments. SEPA plays fundamental role in improving efficiency of cross-border payments and integrating fragmented national markets for Euro payments into a single one.

Bridging Payments Gap Between Europe and China

China 30 July 2020

China is not only the second-largest and fast-growing economy, but also an important trading partner of the European Union. While major Chinese banks have opened their branches in the European countries, focusing on providing international trade finance services to corporations involved in trading with China, payment needs of over 2,3 million people of Chinese origin living in Europe and Chinese SMEs are mainly addressed by electronic money institutions (EMIs).

How to Build Your Own FinTech with E-Money White-Label Solutions

White label emi 17 July 2020

White-label solutions together with Banking as a Service (BaaS) platforms offered by existing EMIs help avoiding costs incurred by developing a proprietary banking platform, setting up an IT infrastructure, establishing connections with correspondent banks, becoming a member of payment systems and card schemes. Such EMIs provide a broad range of cooperative options from reseller agreements to assisting in obtaining a banking or an EMI license.

Major Banks in the Netherlands

Major banks in the Netherlands total assets 12 July 2020

Out of about 100 banks operating in the Netherlands, 3 largest banks account for two thirds of total banking assets with 7 next largest banks adding about 5%. The high degree of concentration combined with the diversity of products and services provided by these banks underlines the importance of these banks in the Dutch banking landscape.

E-Money Payment Cards Affected by Wirecard Collapse

Wirecard 27 June 2020

On June 26 2020, Financial Conduct Authority of the United Kingdom (FCA) ordered Wirecard Card Solutions Ltd to cease all regulated activity after its parent company, Wirecard AG, filed for insolvency in Germany. E-money institutions using Wirecard Card Solutions services were affected by the FCA's decision and had to suspend customer cards transactions and make customer accounts temporarily inaccessible.

Private Banking in Switzerland

Interlaken Switzerland 18 June 2020

Over the centuries Switzerland has gained its reputation in banking due to Swiss neutrality and national sovereignty, stable political environment, its banking secrecy legislation which helped Switzerland to emerge as an international financial center. Private banking, asset and wealth management are main business areas of Swiss banks serving clients from all over the world.

Expat Banking in Spain

Almunecar Spain 15 June 2020

Spain attracts expats from around the globe, especially those looking to retire, with the weather, the lifestyle, relatively low cost of living as well as investment opportunities. While it's possible to live in Spain without having a Spanish bank account, there are cases when a local account can be useful or even required.

Savings banks in Norway

Total assets of savings banks in Norway 4 June 2020

Having about 200 years of history, savings banks are important players in Norwegian banking sector, providing retail banking products and services (covering day-to-day banking, savings and investment, and lending) to households and SMEs. Currently there are over 90 savings banks, with market share of around 35%.

Banking in the Time of Corona

Covid 19 2 June 2020

Covid-19 is an infectious disease, first identified in December 2019 in Chinese province Hubei, has rapidly spread across the globe, hitting Europe in February - March 2020. Banks, however, continued serving their customers in branches, although in some countries the opening time of the branches was changed and selected branches were closed.

Expat Banking in Malta

Grand Harbour Malta 1 June 2020

Malta, an archipelago in the Mediterranean Sea, is an attractive expat and retirement destination due to its widely spoken English, favorable taxation regime, low costs of living, stable currency (Euro), mild winters and abundant sunshine. While it's possible to live on Malta without having a Maltese bank account, there are cases when a local account can be useful.

Private Banking in Luxembourg

Luxembourg City Luxembourg 30 May 2020

Since 1960, Luxembourg has established itself as a world financial and international banking center, making the banking industry one of Luxembourg's key pillars. Private and corporate banking segments are two main business areas of Luxembourg banks.

Expat Banking in Portugal

Porto Portugal 26 May 2020

In September 2009 Portugal introduced non-habitual tax regime (NHR) to attract 'high value' residents which contributed significantly to the growing of expat community in Portugal. Portuguese banks are adapting to these changes in their clientele by offering accounts in foreign currencies, employing English-speaking staff, creating multi-lingual versions of their websites and remote banking interfaces, and widely using online account opening procedures.

Banks in Montenegro

St.Stephen Island Montenegro 20 April 2020

Banking sector of Montenegro is relatively small, dominated by banks with wide business focus, high degree of concentration andhigh share of foreign capital. 3 largest banks in Montenegro make up about 50% of total banking assets.

Offshore Banking in Montenegro

St.Stephen Island Montenegro 17 April 2020

Despite carrying substantial risks and lacking innovative banking products especially in private and investment banking, Montenegro is becoming an increasingly popular offshore banking destination. Montenegrin banks offer a variety of services for non-residents in retail and corporate banking, know-your-customer procedures are simple and straightforward, and Montenegro doesn't participate in Automatic Information Exchange.

Offshore Banking in Cyprus

Rock of Aphrodite Cyprus 10 April 2020

Cyprus' favorable taxation, sophisticated legal framework and strategic location makes it an attractive investment and living destination for international clients, both individual and corporate. While there are banks focused on domestic market only, several banks offer their products and services to international customers, such services are called international banking or international business banking.

Compare Swiss Online Trading Banks

Trading signals example 1 April 2020

Compared to other countries where online trading services are offered, Switzerland has its advantages including high-income, innovation driven economy, stable political and economical environment, long traditions in international banking, high guaranteed deposit amount. Online trading services are provided in Switzerland by both banks focused on wealth management or retail banking and specialized banks focused exclusively on trading and brokerage services.

Banks in Bulgaria

Major banks in Bulgaria market shares 16 March 2020

Bulgarian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital. 8 major banks in Bulgaria make up about 80% of total banking assets.

How to Open a Business E-Money Account

Revolut.business account 8 March 2020

E-Money Institutions (EMIs) specialized in alternative banking are becoming an ever-growing competitive force to traditional retail banks and even direct online banks, especially when considering business banking. While banks prefer to deal with domestic business customers, EMIs are more flexible: they serve international business customers with some restrictions applied on countries and industries.

How to Open a Personal E-Money Account

Satchelpay.personal account 29 February 2020

Personal current accounts offered by EMIs usually provide customers with the same facilities as traditional bank accounts while giving benefits of reduced costs and simplified opening procedure: such accounts are opened online, supporting documents are submitted online, authentication is also performed online. Account opening procedures vary in terms of required documents and identity verification.

Banking Sector of the Cayman Islands

The Cayman Islands geo origin of banks 22 February 2020

Since 1960s, the Cayman Islands transformed itself into a significant offshore financial center and a major supplier of cross-border financial services, particularly in banking. However, during the recent decade the financial sector of the Cayman Islands has been shrinking due to the consequences of the financial crisis and tightening regulatory requirements.

Banks in Gibraltar

Banks in Gibraltar 11 February 2020

Strategic location of Gibraltar, its favorable taxation regime, European standards of regulation make Gibraltar an attractive destination for international investors. Banking sector traditionally dominated by British banks and focused on international private banking services is now extending to new business areas like digital wealth management and innovative payment infrastructure services.

Top 100 Banks in Germany 2018

Top banks DE 5 February 2020

In 2018, 100 top banks in Germany comprised together 83,0 % of the country's banking assets. Most of these banks have domestic capital, while only 10 banks are foreign-controlled, around half of the banks are universal commercial banks, while the rest are most specialized credit institutions.

Top 100 Banks in Italy 2018

Top banks Italy 4 February 2020

Banks in Italy mainly generate their profit from traditional retail banking business activities, focused on serving domestic individuals and companies. Italian banking landscape is dominated by domestic banks, operating as universal banks - either regionally or nationwide.

Banks in Malta

Market shares of maltese banks 24 January 2020

Since the 1980s Malta has followed a strategy of developing a financial services centre and over the last decade has transformed its banking sector from a tightly controlled publicly owned sector to the diversified and efficiently regulated one with high degree of liberalization and foreign ownership.

Direct Banks in Europe

Bunq Screenshot 20 November 2019

Direct banking is a relatively new way of delivering banking products and services to the customers via direct channels, meaning that a direct bank operates without brick-and-mortar branch network and its services are provided via online banking, mobile banking, ATM networks, and even mail. As direct banks don't have an expensive branch network, the resulting cost savings are passed on to the bank's customers which allows to offer fair conditions in all product areas.

Retail Banks in Germany

Garmisch 17 November 2019

Retail banking is an important component of German banking sector, represented by a large number of banks with different origin and business focus. Apart from two nationwide networks of local cooperative and savings banks, there are independent banks, regional state banks, and specialized banks.

Retail Banks in the United Kingdom

Abbey House Museum 14 November 2019

The United Kingdom is a important financial center attracting investors from all over the world bringing the diversity into British banking industry both in terms of provided products, services and solutions and in terms of originating countries. Along with investment and private banking, retail banking is an important component of British banking landscape.

Retail Banks in the Netherlands

Rotterdam Delfshaven 13 November 2019

With high standard of living in the Netherlands making it an favorable investment and private banking destination for both domestic and foreign banking groups, retail banking remains an essential part of the Dutch banking sector. About half of the retail banks offer their products via the Internet, while there are also several pure direct banks.

Retail Banks in Belgium

Belgium 12 November 2019

While Belgium's strategic location and high standard of living makes it an attractive investment and private banking destination for both domestic and foreign banking groups, retail banking in Belgium remains an important component of its banking sector. Retail banks are dominated by domestic banks and the banks originated from the neighboring countries.

Islamic Banks in France

Banque de France 11 November 2019

While largest French banking groups operate according to universal banking model, there are also a lot of smaller banks with more narrow focus. For example, there are banks focused on providing their products and services to 4 million Muslims living in France and business entities from Islamic countries.

Retail Banks in Austria

Sparkasse AT 11 November 2019

Banks in Austria generate their profit largely from traditional interest income attributed to retail banking business operations making retail banking an important part of Austrian banking landscape. Apart from Erste Bank Group, Raiffeisen Banking Group and Volksbank Group, represented by a large number of local credit cooperatives and regional banks, retail banking products and services are offered by a large number of other banks.

Top 100 Banks in the United Kingdom 2018

Top banks UK 7 October 2019

In 2018, 100 top banks in the United Kingdom comprised together almost 75,0 % of the country's banking assets. Slightly more than the half of these banks (56) have domestic capital, while 44 banks are foreign-controlled representing 21 different countries.

Cooperative banks in Romania

Cooperative banks in Romania 11 September 2019

Cooperative banks in Romania operate as regional universal banks, providing a broad range of retail banking products and services to local individulas, self-employed professionals and business entities.

Electronic Money Institutions in Europe

Outstanding amount of e money 2 July 2019

Electronic money is a relatively new payment instrument, emerged with the progress in technology. Electronic money's popularity has been driven by a number of factors including growing complications in opening current accounts and getting payment cards from traditional retail banks, changes in the population's social structure, and evolution of the Internet into a digital workplace.

Top 100 Banks in the United Kingdom 2017

Top banks UK 1 July 2019

In 2017, 100 top banks in the United Kingdom comprised together almost 75,0 % of the country's banking assets. Slightly more than the half of these banks (56) have domestic capital, while 44 banks are foreign-controlled representing 21 different countries.

Building Societies in the United Kingdom

Building societies UK 29 May 2019

Building societies are an important player in British housing finance, having their total market share of about 20% in mortgage lending. Building societies provide a wide range of mortgage and savings products to their customers at competitive interest rates.

Top 100 Banks in Germany 2017

Top banks DE 21 March 2019

In 2017, 100 top banks in Germany comprised together 91,0 % of the country's banking assets. Most of these banks have domestic capital, while only 12 banks are foreign-controlled, around half of the banks are universal commercial banks, while the rest are most specialized credit institutions.

Banks in Estonia

Major banks in Estonia market shares 10 March 2019

Located in Northern Europe, Estonia is a developed country with high-income economy. Estonian banking sector is relatively small, highly concentrated, with high share of foreign capital; large banks in Estonia operate as universal banks, covering a wide range of market segments, while smaller banks concentrate on a specific range of services.

Cooperative banks in Spain

Caja rural ES 18 December 2018

Cooperative banks in Spain operate as regional universal banks, providing a broad range of retail banking products and services to local individulas, self-employed professionals and business entities. Most of the cooperative banks in Spain belong to Caja Rural Group with a small number of independent banks.

Specialized credit institutions in Spain

Banco de Espana 18 December 2018

Specialized credit institutions in Spain are either focused on a specific set of products and services (for example, consumer finance, leasing and factoring, real estate financing) or on specific customer groups (for example, public healthcare providers, Volkswagen customers).

Savings banks in Spain

Savings banks ES 18 December 2018

Savings banks in Spain operate as regional universal banks, providing a broad range of retail banking products and services to local individulas, self-employed professionals and business entities. Most of the savings banks have been closed down recently, either by being converted into foundations or by being merged into bigger banks, leaving just three savings bank operating.

Mutual banks in France

Groupe bpce 16 December 2018

Mutual banks in France operate as regional cooperative banks, providing a broad range of retail banking products and services to local individulas, self-employed professionals and business entities. French mutual banks are not independent, rather they belong to a large banking group: BPCE, Credit Agricole,Credit Mutuel, Societe Generale.

Specialized credit institutions in France

Banque de France 16 December 2018

There are about 180 specialized credit institutions operating in France. Such institutions are either focused on a specific set of products and services (for example, asset management, leasing and factoring, real estate financing) or on a specific customer group (for example, French Reunion residents, film and TV industry).

Municipal credit banks in France

Credit municipal FR 16 December 2018

Municipal credit banks in France are both public and credit institutions, focused on providing social loans by operating as pawnshops. Municipal credit banks loan money to a customer based on a percentage of the value of the item he/she want to pawn (for example, clothing, jewelry, household goods, housewares, motorized vehicles and tools).

Top 100 Banks in Germany 2016

Top banks DE 21 November 2018

In 2016, 100 top banks in Germany comprised together 90,1 % of the country's banking assets. Most of these banks have domestic capital, while only 12 banks are foreign-controlled, around half of the banks are universal commercial banks, while the rest are most specialized credit institutions.

Banks in Croatia

Major banks in Croatia market shares 8 November 2018

Croatian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital. 8 major banks in Croatia make up about 90% of total banking assets.

Banks in Monaco

Number of banks by country of origin in Monaco 29 October 2018

Monaco is one of the world wealthiest nations in terms of GDP per capita with financial and insurance activities, being main contributors to its GDP. High concentration is high-net-worth individuals influences business focus of banks operating in Monaco: Monegasque banks traditionally specializes in providing private banking, asset and wealth management services.

Savings banks in Germany

Total assets of savings banks in Germany 12 October 2018

Savings banks in Germany (Sparkassen) form the essential part of the Savings Banks Finance Group (Sparkassen-Finanzgruppe). Operating as universal credit institutions, Savings Banks conduct all standard banking operations and provide basic financial services and personalised advice to approximately 50 million customers nationwide.

Cooperative Credit Institutions in Cyprus

Number of cooperative credit institutions in Cyprus 10 October 2018

Cooperative credit institutions (CCIs) are represented in Cyprus by Cooperative Credit Group, consisting of Cyprus Cooperative Bank, the CCIs and companies specialized in trading activities. Cyprus Cooperative Bank together with the CCIs provide a broad range of retail banking and insurance products to natural persons, farmers and companies.

Islamic Banks in the United Kingdom

Bank of England 24 July 2018

The United Kingdom is a global financial center historically connecting the East and the West and also a home for more than 2,7 million Muslims (around 4,5% of total population). Banks from Islamic countries and banks offering Sharia-compliant banking products comprise an important part of British banking landscape.

Savings banks in Finland

Total assets of savings banks in Finland 13 January 2018

Savings banks (Säästöpankki) have been operating in Finland for almost 200 years. Savings banks are regional and local banks, focused on providing retail banking products and services to households and SMEs, including rural enterprises, via both physical bank office channels and their supporting electronic channels.

Savings banks in Hungary

Total assets of savings banks in Hungary 13 January 2018

Savings banks are represented in Hungary by local savings banks and TakarékBank, acting as the central institution of these banks with its primary task is to coordinate business activities of these banks. Savings banks are focused on providing a broad range of retail banking and insurance products to domestic individuals and companies.

Cooperative banks in Finland

Total assets of cooperative banks in Finland 13 January 2018

Cooperative banks operating in Finland form the core part of OP Financial Group and promote the sustainable prosperity, security and wellbeing of its owners, customers, local communities and provide modern and competitive banking services to local households, SMEs, agricultural and forestry customers and public-sector entities.

Savings and Loan Associations in Estonia

Number of SLAs in Estonia 11 January 2018

Savings and Loan Associations (SLAs, est: Hoiu-laenuühistu) are cooperative financial institutions established to provide modern financial services to their members. Savings and loan associations are focused on providing deposits and loans to its members, but they have started offering other financial services, such as leasing, guarantees, factoring, financial advisory services, and online payments.

Credit Unions in Lithuania

Number of credit unions in Lithuania 10 January 2018

Credit unions in Lithuania operate as co-operative organizations providing financial services to its members, connected by a common bond of a residential, professional organizational nature. Products and services provided by the credit unions include online banking, MasterCard and Maestro payment cards, payments, loans, deposits, direct debits, both international and local money transfers.

Credit Unions in Latvia

Bank of Latvia 10 January 2018

Credit unions in Latvia operate as financial co-operatives ownded and managed by its members, connected by a common bond of a residential, professional organizational nature. The range of products and services provided by the credit unions include deposits, loans, payment services, financial leasing, financial advising.

Cooperative Banks in Poland

BPS bank 9 January 2018

Cooperative banks have been present in Poland for more than a hundred years and are now representated by two Polish banking groups: Spółdzielcza Grupa Bankowa and Bank Polskiej Spółdzielczosci. Committed to the sustainable development of local communities, local cooperative banks in Poland operate as universal banks, offering a wide range of retail, corporate banking and insurance products and services to private individuals, business entities, farmers and local authorities.

Credit Unions in Poland

Deposits and loans of credit unions in Poland 9 January 2018

A credit union is a group of individuals connected by a common bond of a residential, professional organizational nature for the purpose of providing banking services to the group's members. Credit unions (pl: Spółdzielcza Kasa Oszczędnościowo - Kredytowa, SKOK) have been present in Poland since 1992, delivering their products and services via a branch network of more than 1000 branches and through the Internet.

Changes of Rabobank's Cooperative Structure

Rabobank 8 January 2018

Coöperatieve Rabobank UA (commonly known as Rabobank Nederland) is the second-largest bank in the Netherlands and the head bank of Rabobank Group, an international financial services provider, active in the areas of banking, asset management, leasing, insurance and real estate. In 2014 Rabobank announced its intentions to review its existing cooperative structure to address the changes in supervision and regulation requirements.

Cooperative Banks in Portugal

Total assets of credito agricola group 8 January 2018

Cooperative banks are represented in Portugal by Crédito Agrícola Group, having over 100 years of history, generating value for members, customers, local communities and employees. Crédito Agrícola Group provides financial products and services via local cooperative banks (Caixas de Crédito Agrícola Mútuo) as well as its specialized institutions, covering the following areas: retail, SME, corporate and investment banking, life- and non-life- insurance, asset management, private equity.

Cooperative banks in Germany

Total assets of cooperative banks in Germany 3 December 2017

Cooperative banks present in Germany for more than 150 years, combining financial success with social resposibility. Cooperative banks operate as universal banks, owned by its customers via shares, focusing on providing retail banking products and services to private individuals, self-employed professionals and SMEs.

Volksbank Credit Cooperatives in Austria

Total assets of Volksbank credit cooperatives 28 November 2017

Volksbank credit cooperatives are the core part of Volksbank Group, a cooperative banking group specialized in providing retail banking products and services to private individuals, self-employed professionals and SMEs in Austria.

Raiffeisen Credit Cooperatives in Austria

Total assets of Raiffeisen credit cooperatives 28 November 2017

Raiffeisen Credit Cooperatives form the essential part of Raiffeisen Banking Group, a universal banking group, providing a comprehensive range of banking products and services in Austria and Eastern European countries. Specialized on providing retail banking products and services to its domestic market, Raiffeisen Credit Cooperatives have market share of around 25%.

Savings banks in Austria

Sparkasse AT 28 November 2017

Savings banks in Austria are represented by Erste Bank der oesterreichischen Sparkassen AG and local savings banks (subsidiaries of Erste Bank). Traditionally for savings banks, core business areas of savings banks in Austria are deposits and lending provided to private customers, business customers and public authorities.

How to Open a Bank Account in Spain

Banco de Espana 8 November 2017

Spain is one of the most popular destinations for expats around the world, especially those looking to retire. Although it's possible to live in Spain as a foreigner without having a local bank account, a bank account is needed to buy a property, pay household bills or buy an insurance policy.

Countries Which Will Not Automatically Exchange Account Information

Oecd 6 November 2017

By the end of 2018, 96 jurisdictions will automatically exchange information on financial accounts for tax purposes. Hence, there still will be more than 100 jurisdictions which will not exchange the information automatically.

Automatic Exchange of Information on Financial Accounts

Oecd 5 November 2017

On 29 October 2014, 51 jurisdictions signed a multilateral agreement to automatically exchange information on financial accounts and 44 more joined the agreement during the following years. This is the first ever agreement to exchange this type of information automatically.

Taking a Mortgage Loan in the Netherlands

Mortgage loans NL 1 November 2017

Traditionally dominated by domestic investors, Dutch housing market has started attracting international investors as well. The Dutch government has taken several measures to promote housing financing through mortgages, for example introducing of tax deduction on mortgage interest payments, providing NHG-backed mortgages, supporting a network of independent mortgage advisers.

Banks in the Channel Islands

Number of banks in the Channel Islands 19 May 2017

The Channel Islands are a group of islands situated in the English Channel, consisting of two British Crown dependencies: the Bailiwick of Jersey and the Bailiwick of Guernsey. Over the recent decades, banks have played a key role in the development of the Channel Islands as an international financial centre.

Banking Sector of the Isle of Man

Number of banks by country of origin on the Isle of Man 15 March 2017

The Isle of Man is a well established international banking and finance center; banks operating on the Isle of Man cover the areas of retail banking, commercial banking, private and expatriate banking and offer their products and services to a broad range of clients.

Credit Unions in Ireland

Number of credit unions in Ireland 27 February 2017

Credit unions have been in existence in Ireland for more then 50 years, they play an important role in the Irish financial sector. There are around 380 registered credit unions with total assets of €14,3 bln (2014) providing services to over 3 mln members.

Changes in Swiss banks in 2015

New and closed banks in Switzerland 2012 2015 16 September 2016

In 2015 banks in Switzerland faced negative interest rates and currency interventions of Swiss National Bank as well as tightened capital requirements and anti tax avoidance regulations. This made the banks shift their business focus from international private banking to domestic retail and corporate banking.

Cantonal Banks

Total assets of cantonal banks vs big banks 21 August 2016

Cantonal Banks, accounting about 30% of Swiss banking sector, are universal canton-owned banks, specializing in retail and corporate banking products for the residents of their canton. Liabilities of the majority of the Cantonal Banks are guaranteed by the owning canton.

Stress Test of European Banks 2016

Total assets of cantonal banks vs big banks 2 August 2016

On Friday, 29 July 2016, European Banking Authority (EBA) published the results of EU-wide stress test of the largest European banks. The stress test 2016 assessed 51 banks from 15 EU and EEA countries.

Offshore Banking in Latvia

Deposits of residents and non residents in Latvian banks 25 April 2016

Latvia is a small but an important offshore banking center in the European Union. Latvian banks offer a variety of services for non-residents in retail, private and corporate banking as well as online trading and brokerage, know-your-customer procedures are simple and straightforward, several banks offer online account opening.

Deposit Guarantee Schemes in Europe

Ecb 2 January 2016

Deposit Guarantee Schemes compensate certain deposits (so called eligible deposits) held by depositors of a bank in the case of the bank failure. This article summarises details about deposit guarantee schemes the most important from a depositor's point of view.

FATCA and European countries

FATCA reporting 8 September 2015

Foreign Account Tax Compliance Act (FATCA), which became law in 2010 in the United States, is important achievement in US efforts to cope with tax evasion by US taxpayers having their accounts and other financial assets outside of the US. For now, almost all European countries have signed Intergovernmental Agreements to facilitate FATCA-reporting or have their financial institutions registered with the Internal Revenue Service (tax authority of the United States).

Changes in Swiss banks in 2014

New and closed banks in Switzerland 2012 2014 13 August 2015

Financial crisis 2008/2009 followed by sovereign debt crisis, triggered radical transformations in the world financial markets. Swiss banks are successfully adopting their strategies to the new environment: althought the number of banks decreased in 2014, the aggregated annual profit and total assets continued to increase.

Cooperative Banks in Italy

Bcc IT 30 July 2015

Cooperative banks are non-for-profit organizations providing financial services to its members and serving the needs of local community. In Italy the nework of cooperative banks consists of nearly 400 banks with more than 4000 branches operating in about 100 provinces and 2700 municipalities.

Financial Data of European Banks: What Do National Supervisors Want to Share?

Transparency levels by cons total assets 18 June 2015

While European Central Bank started to directly supervise 123 significant banks of the Euroarea countries, there are more than 6,000 banks operating in the European Union left for the supervision by their National Supervisors. This makes transparency of information provided by the National Supervisors about individual banks an important factor contributing to the transparency of the whole European financial system.

Corporate Banking

Corporate banking 24 May 2015

Corporate banking is providing banking and financial services to business clients and non-commercial organizations. Corporate banking covers a variety of business needs with a full range of financial solutions: payments cash management, financing, managing surplus, debt and equity management.

Retail Banking

Retail banking 28 April 2015

Retail banking is a key component of banking industry, offering mass-market banking services to natural persons and small businesses. Retail banking provides three important functions to its clients: credit, deposits and money management.

Private Banking

Private banking process 31 January 2015

Private banking is banking, investment and other financial services provided by banks to high-net-worth individuals having high levels of income or sizable assets. Products and services provided by the bank are rendered on a more personal basis than in mass-market retail banking.

Stress Test of British Banks

Bank of England 4 January 2015

In December 2014 the Bank of England published the results of the stress test of major British credit institutions. The test covered 8 banks and assessed the impact of a variant of the EU-wide adverse scenario.

25 Banks Which Failed ECB Test

Ecb 28 October 2014

In October 2014 European Central Bank conducted an assessment of 130 major European banks from 19 countries. The assessment consisted of two parts: asset quality review and stress test.

Deposit Guarantee Schemes in European Territories

Gibraltar 13 October 2014

Several European countries have dependent territories which are geographically separated from these countries. Amongst more than 30 such territories, only 10 provide offshore financial services.