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A mutual bank is a cooperative financial institution owned by its depositors or customers. They include mutual organization, mutual savings banks and cooperative banking. Unlike traditional banks, which prioritize shareholder profits, mutual banks focus on serving their members' interests. [1] They reinvest profits back into the institution to ...
Banking in Albania. Banking in Albania, in its present form dating from 1992, consists of the nation's central bank - the Bank of Albania - and an expanding network of secondary banks. The Bank of Albania has the task of supervising the financial system, which currently contains 16 privately owned banks and many other financial institutions.
A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institution: [1] [2] Investment institution – investment bank, underwriter, and other different types ...
Intesa Sanpaolo Bank Albania was created in 2008 from the merger of two of the country's most important banks: Banca Italo-Albanese (founded in 1993) and the American Bank of Albania (founded in 1998), both acquired from Intesa Sanpaolo Group. In 2021, Intesa Sanpaolo Bank Albania had a market share of 11.01%, making it the 4th largest bank in ...
v. t. e. Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that ...
Electronic funds transfers (transfer funds electronically to another account) Online banking (transfer funds directly to another person via internet banking facility) Banks offering transactional accounts may allow an account to go into overdraft if that has been previously arranged. If an account has a negative balance, money is being borrowed ...
The Brinson-Fachler methodology underpins many public performance attribution analyses. Morningstar, for example, includes a whitepaper on their mode of employing the Brinson-Fachler methodology. Morningstar is known for its analysis of long-only mutual funds, but the Brinson-Fachler analysis is also applicable to hedge ranking funds.
Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and the Sun Life Financial of Canada where the former owns 51% and the rest by latter. It provides wealth accumulation and protection products, and services to individuals and corporate customers.
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