Specialized banks
Definition of the specialized banks
As those banks that are banking operations that serve a specific type of economic activity, such as industrial or agricultural activity or real estate in accordance with the resolutions of the establishment and that do not have to accept demand deposits from between the main aspects of its activity
- The characteristics of the specialized banks
1 - it is considered a non-deposit institutions
2 - a link with a wealth of activity
3 - Specialization in particular the financing of economic activity
4 - Most of the loans granted by the relatively long deadlines
5 - often focus on achieving economic and social development
- Microfinance Bank
The establishment of microfinance banks or contribute to any proportion after the approval of the Central Bank
- What Microfinance Bank
Known as Microfinance Bank is the banking dealing with families and small farmers and small and micro enterprises in the urban and rural sectors in accordance with this Act and the Regulations and instructions issued by the Central Bank
- The objectives of the Microfinance Bank
1 - providing banking services for families and small farmers and small enterprises
2 - to provide equal opportunities for all target groups and improve the living standards of members of the community
3 - Provide adequate funding for the target segments by offering financial facilities for the poor
As those banks that are banking operations that serve a specific type of economic activity, such as industrial or agricultural activity or real estate in accordance with the resolutions of the establishment and that do not have to accept demand deposits from between the main aspects of its activity
- The characteristics of the specialized banks
1 - it is considered a non-deposit institutions
2 - a link with a wealth of activity
3 - Specialization in particular the financing of economic activity
4 - Most of the loans granted by the relatively long deadlines
5 - often focus on achieving economic and social development
- Microfinance Bank
The establishment of microfinance banks or contribute to any proportion after the approval of the Central Bank
- What Microfinance Bank
Known as Microfinance Bank is the banking dealing with families and small farmers and small and micro enterprises in the urban and rural sectors in accordance with this Act and the Regulations and instructions issued by the Central Bank
- The objectives of the Microfinance Bank
1 - providing banking services for families and small farmers and small enterprises
2 - to provide equal opportunities for all target groups and improve the living standards of members of the community
3 - Provide adequate funding for the target segments by offering financial facilities for the poor
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