Joint-Stock Bank

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Joint-Stock Bank

A bank that issues stock and requires shareholders to be held liable for the company's debt. In other words, a joint stock bank combines features of a general partnership, in which owners of a company split profits and liabilities, and a publicly-traded company, which issues stock that shareholders are able to buy and sell on an exchange. A joint-stock bank is not owned by a government.
References in periodicals archive ?
Ho Chi Minh City and Tokyo, Dec 10, 2013 - (ACN Newswire) - Vietnam Export Import Commercial Joint Stock Bank (Eximbank) and JCB International Co.
Ho Chi Minh City and Tokyo, July 7, 2010 - (JCN Newswire) - Vietnam Export Import Commercial Joint Stock Bank (Vietnam Eximbank), one of the major credit card acquiring banks in Vietnam, and JCB International (JCBI), the international operations subsidiary of JCB, Japan's major credit card brand and also an issuer, announced that Vietnam Eximbank - one of the leading commercial joint-stock bank in terms of total assets, equity - today started to recruit JCB credit card merchants in Vietnam based on the agreement signed by both parties in September 2009.
All commercial joint stock banks in Vietnam have to post their annual financial reports as required by the State Bank of Vietnam, the country's central bank.
As a leading solution provider for clearing and payment solutions, Longtop has successfully developed similar systems for several bank customers, including a leading Big Four bank customer and one of the largest joint stock banks in China.
It has one of the largest branch networks amongst China's joint stock banks with 27 branches nationwide and 502 outlets.
XIAMEN, China, July 31 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited ("Longtop") , a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has been informed by one of China's Joint Stock banks to provide a customized software solution for the bank's anti-money laundering system.
XIAMEN, China, July 2 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited ("Longtop") , a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has been informed by one of China's largest Joint Stock banks it has been selected to develop a customized foreign exchange payment and clearing system.
NatWest traces its roots back to the 17th century through the amalgamation of nearly 200 private and joint stock banks.
Thiet said the bank's strong performance last year will see shareholders receive a 30 per cent dividend for 2002, the highest rate among joint stock banks in Vietnam.
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