Encyclopedia > Non-bank

  Article Content

Non-bank

A non-bank or a non-bank bank, is a financial institution that provides banking services without meeting the legal definition of a bank, i. e. that does not hold a banking license. Operations are, regardless of this, still exercised under financial supervision.

Non-bank institutions frequently acts as suppliers of loans and credit facilities, however they are typically not allowed to take deposits from the general public and have to find other means of funding their operations such as issuing debt instruments.



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Reformed churches

... - GKN) One of the most conservative Reformed/Calvinist denominations in the world, the PRC separated from the CRC in the 1920s in a schism over the issue of common ...

 
 
 
This page was created in 39.1 ms