Concept selected: Savings banks
- Definition
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Savings banks are companies with a foundational structure and of a private legal nature, which carry out a banking activity. The administrative authorisation for its constitution is similar to that of the banks. A minimum provisional fund is necessary that depends on the volume of the population of the municipalities where they operate. These are currently associated in the Spanish Confederation of Savings Banks. A portion of their profits is dedicated to corporate activities (libraries, study grants, etc.).
- Source
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Surveys Mercantile Companies and Bankruptcy Proceedings
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated
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There are no related concepts