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Alyssa Dawiguey - Activity 7.1 Types of Banks
Alyssa Dawiguey - Activity 7.1 Types of Banks
Savings Banks
- a bank organized to hold funds of individual depositors in interest-bearing accounts and to make
long-term investments
- Landbank
b. Commercial Banks
- are typically defined as institutions that make commercial loans and issue transactions deposits.
They also have many other types of assets and liabilities and may engage in off-balance sheet
activities, including financial guarantees (like loan commitments) and derivatives.
- Metrobank
c. Indigenous Banks
- is the system of banking that involves private firms or individuals who act as banks by providing
financial services such as loans and accepting deposits.
- Punjab National Bank
D.Mortgage Banks
- is a bank specializing in mortgage loans. It can be involved in originating or servicing mortgage
loans, or both.
- BPI bank
e. Cooperative Banks
- k is one which is organized, owned and controlled by cooperative organizations, for the purpose
of providing financial and credit services to cooperatives and their members.
- EastWest Rural Bank
f. Exchange Banks
- a Financial Institution Participant that acquires an Exchange to allow Sellers in the Exchange to
use FPX. Exchange Bank means a bank or other institution that credits FIAT Currency to the
Payee Account designated by you through the Service.
- ICAP Philippines Inc
g. Consumer Banks
- is banking that provides financial services to individual consumers rather than businesses.
- Citibank N,A
h. Credit Unions
- is a non profit financial institution that's owned by the people who use its financial products.
Credit union members can access the same kinds of products and services as offered by a
traditional bank, such as credit cards, checking and savings accounts and loans.
- Unionbank