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Types of banks

In the event that you investigate the site of the Bank of Spain, you can see that the number of budget establishments working in our nation is enormous.

However, is each of the banks in that summary the equivalent? What type of bank is there? Is it correct to say that they are busy with the equivalent? Is it correct to say that they are targeting a similar type of customer?

The appropriate answer is no.

Despite the fact that for the common shopper who opens a current record and withdraws money from the ATM with his card , it may seem that not all banks have a similar reason or work with the equivalent budget elements.

We could organize them as indicated by their ownership and recognize private banks (in case they have a place with one or some characteristic or legitimate people), open (in case they take place with the State) and combined (private co-ownership and open), however, in this article we are going to audit what number of types of banks exist in capacity of the movement to which they are committed.

Types of banks according to their movement

Central banks

National banks are responsible for ensuring the best possible functioning of a nation's budgetary framework, that is, they are the banks of the banks.

In Spain we have the Bank of Spain, which we discussed previously in this article.

In the European dimension, we should refer to the 'supervisor' of our national bank, which is none other than the European Central Bank .

Business banks

The vast majority of banks you know belong to this class.

Commercial banks are only engaged in commercial banking tasks, for example, stores, loans or advances. They are exercises identified with savings and financing, but not to venture.

Or if nothing else in principle.

Risk banks

They have some experience in risk issues for both individuals and organizations.

They are responsible for the purchase and sale of shares, being interested in the merger and acquisition of activities of organizations or in obtaining capital.

It should be noted that most speculative banks are equally business, and vice versa. These two classes are not normally selective.

Corporate banking

The corporate banking movement has not gone away for normal customers, however, everywhere, organizations that need financing or administrations speculation.

For them they show quite certain elements, for example, impact limits, credit extensions or the receipt executives.

It is banking in the administration of private companies.

Buyer banks

This time it is about banks whose target customer is the person who needs an individual advance, a debit card, a mortgage loan ...

Then, banking activities related to the use of goods and companies.

They are also called retail banks, as their business is retail or retail.

Home loan banks

As the name suggests, the contracted banks are elements that have represented considerable authority in the advertising of mortgage loans .

Its movement focuses on the granting of mortgage loans for the purchase and / or exchange of homes, covered parking lots, commercial premises and land of various types.

Investment funds Reserve funds

Mutual fund banks are non-profit budget substances with a controlled social character.

After being in the eye of the typhoon in the emergency of 2008, the number of mutual fund banks in Spain has definitely decreased from then on.

Most moved towards becoming banks after complex mergers and acquisitions with different banks and banks.

As it should be obvious, the type of banks is tremendous, although many people simply open a record or buy an article related to money in commercial banks. Did you know a wide range of banks?