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The number of non-banking financial companies has expanded greatly in the last several years as venture capital companies, retail and industrial companies have entered the lending business. Non-bank institutions also frequently support investments in property and prepare feasibility, market or industry studies for companies.
A prominent example is the bank holding company Bank of America Corporation, whose bank subsidiary, Bank of America, N.A., offers bank services and products, while such non-bank subsidiaries as Banc of America Investment Services, Inc. and Banc of America Securities, as well as Banc of America Insurance Services, Inc., offer investment ...
Bank of Botswana ; Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Brazil: Central Bank of Brazil ; Securities Commission (CVM) ; Superintendency of Private Insurance (SUSEP); Agência Nacional de Saúde Suplementar (ANS) British Virgin Islands: British Virgin Islands Financial Services Commission (BVIFSC) Brunei
Paul McCulley of investment management firm PIMCO coined the term "shadow banking". [9] Shadow banking is sometimes said to include entities such as hedge funds, money market funds, structured investment vehicles (SIV), "credit investment funds, exchange-traded funds, credit hedge funds, private equity funds, securities broker-dealers, credit insurance providers, securitization and finance ...
Bank Central Asia: Non-foreign exchange bank Bank BTPN Syariah: 7 March 1991 Bank SMBC Indonesia KB Bank Syariah: 24 December 1971 KB Bank Bank Mega Syariah: 14 July 1990 Bank Mega Foreign exchange bank Bank Muamalat Indonesia: 1 November 1991 Hajj Fund Management Agency Bank Nano Syariah: 2 January 2024 Bank Sinarmas: Non-foreign exchange bank
In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth , providing goods or services which are not covered by private company , employment provider, providing support guidance to small and medium businesses ...
Bank licensing, which sets certain requirements for starting a new bank, is closely connected with supervision and usually performed by the same public authority. Licensing provides the licence holders the right to own and to operate a bank. The licensing process is specific to the regulatory environment of the jurisdiction where the bank is ...
It is the largest private bank in Indonesia with assets amounting to Rp 5.529,83 trillion (USD 308,5 billion) as of 2022. [2] It is currently headquartered at BCA Tower in Jakarta. Bank Central Asia (BCA) was founded by Salim Group as “NV Perseroan Dagang Dan Industrie Semarang