Joint-Stock Bank


Also found in: Legal.

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 ?
3) Besides, according to President's Decree of October 2, 1998, a share of one shareholder (with an exception to a state share or a foreign capital share) in a national joint-stock bank shall not exceed 7% of that bank's authorized capital.
In this report, the Bank of England was clearly responding belatedly to the government's decision to force it to open branches and to promote large, joint-stock banks.
It became clear that such reorganization could not be realized without changing the ownership structure of the big joint-stock banks.
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.
17 /PRNewswire-Asia-FirstCall/ -- Yucheng Technologies Limited , a leading provider of IT solutions and services to China's banking industry, today announced it will deploy its market-leading e-banking technology to Shenzhen Development Bank (SDB), a publicly-listed, joint-stock bank.
Informcosmos represents the Production Association of Applied Mechanics; Russian Institute of Space Device Engineering; The Scientific Research Institute of Radio; Russian Satellite Communications Company; and The International Joint-Stock Bank "Vostok.
The cabinet revised existing rules on Saturday, abolishing the requirement for foreign-owned and joint-stock banks to inject 100 million yuan ($16.
In 2012, state-owned commercial banks, joint-stock banks, Postal Savings Bank of China, urban commercial banks, agricultural commercial banks and other financial institutions bought 100,700 ATMs cumulatively, up 34.
Originally built as a bank in the 1850s, it was one of the first joint-stock banks in the North East.
Then legal sanction was given to the joint-stock banks without concessions to the Bank.
Canada and Australia, starting later, wisely picked Scottish banking, joint-stock banks with extensive branching, and a physical presence in London.
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