Search results
Results from the WOW.Com Content Network
This is a list of banks in Dominican Republic as of November 2010, published by the Bank Superintendency, including credit unions and other financial services companies that offer banking services and may be popularly referred to as "banks".
Banco de A. Edwards; merged with Banco de Chile. [5] BBVA (Chile) ; merged with Scotiabank Chile. [6] Banco Desarrollo de Scotiabank ; merged with Scotiabank Chile. [7] Banco de Santiago ; merged with Banco Santander, [8] some assets sold to Paris. [9] Banco Sud Americano; bought by Scotiabank Chile. Banco Paris; closed in 2016. [10]
In December 1996, Spain's Banco Bilbao Vizcaya, (now Banco Bilbao Vizcaya Argentaria), acquired the 99.9% of the common shares of Otar S.R.L., which was a major shareholder of Sud América Inversiones S.A., and holder of over 30% of the capital of Banco Francés, hence the BBVA in its name. [2]
Full-reserve banking effectively splits banks into two distinct functions, described by Benes and Kumhof (2012) as the "separation of the monetary and credit functions of the banking system." [ 11 ] Custody and Transaction Services: Banks hold deposited currency as 100%-reserve deposits, transferable to third parties.
The Central Reserve Bank of El Salvador (Spanish: Banco Central de El Salvador) is the central bank of El Salvador, which controls the currency rate and regulates certain economic activities within El Salvador. The bank was originally privately owned, but was brought under state control through The Law on the Reorganization of Central Banking.
The Central Reserve Bank of Peru (Spanish: Banco Central de Reserva del Perú; BCRP) is the Peruvian central bank.It mints and issues metal and paper money, the sol.. Its branch in Arequipa was established in 1871, [citation needed] and it served the city by issuing money as well as maintaining a good reputation for savings accounts in Southern Peru.
The Bank of the Republic (Spanish: Banco de la República) is the central bank of Colombia. It was initially established under the regeneration era in 1880. Its main modern functions, under the new Colombian constitution were detailed by Congress according to Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso.
Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the ...