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The JAK Members Bank, or JAK Medlemsbank, is a cooperative, member-owned financial institution based in Skövde, Sweden, and based on a concept that arose in Denmark in 1931. [ 1 ] [ 2 ] [ 3 ] JAK is an acronym for Jord Arbete Kapital in Swedish or Land Labour Capital , the factors of production in classical economics .
Bank Website Main office Founded Parent Bank2: Oslo: 2005 Bank Norwegian: Bærum: 2007 NOBA Bank Group: BN Bank: Trondheim: DNB Bank: Oslo 1822 DNB ASA: Landkreditt Bank: Oslo 1915 Landkreditt: Nordea Bank Norge: Oslo Nordea: Santander Consumer Bank: Bærum Banco Santander: Sbanken: Bergen: 2000 DNB ASA: Pareto Bank: Oslo 2008 SEB Privatbanken ...
The German public banking sector (German: Öffentliches Kreditwesen) represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have ...
Later on, SEB Group would sell its banking operations in Germany and Ukraine as a result of weak profitability, the former to Spain's Banco Santander. [ 12 ] SEB Kort AB , a subsidiary of the SEB Group, was the franchisee of Diners Club International in the Nordic Countries until closing said service on 31 May 2019, citing increased competition ...
Bank of Communications, Frankfurt; Bank Sepah, Frankfurt; Citibank Privatkunden, Düsseldorf (since December 2008 part of French Crédit Mutuel bank) Citigroup Global Markets Deutschland (Corporate Bank), Frankfurt; Credit Suisse; Goldman Sachs, Frankfurt; ICICI Bank, Eschborn; İşbank AG, Frankfurt [2] JP Morgan, Frankfurt; Julius Baer, Frankfurt
The bank was founded as Skandinaviska Kreditaktiebolaget, which roughly translates to "Scandinavian Credit Ltd.". During the early 1900s the bank underwent rapid expansion through the following mergers: Industrikreditaktiebolaget i Stockholm in 1907, Skånes Enskilda Bank in 1910, and Sveriges Privata Centralbank in 1917.
Banking in Germany is a highly leveraged industry, as its average leverage ratio (assets divided by net worth) as of 11 October 2008 is 52 to 1 (while, in comparison, that of France is 28 to 1 and that of the United Kingdom is 24 to 1); its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
Location of Sweden. Sweden is a Scandinavian country in Northern Europe and the third-largest country in the European Union by area. It is also a member of the United Nations, the Nordic Council, Council of Europe, the World Trade Organization and the Organisation for Economic Co-operation and Development (OECD).