Joint-Stock Bank

(redirected from Joint-Stock Banks)

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 ?
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.
Privatization of banks and creation of private banks are equal and mutual complementary mechanisms which pursues the only objective, namely, it stimulates an establishment of a new class in a banking sector--the class of owners--or the class of a private and joint-stock banks with a foreign capital to increase the management efficiency of banking resources.
Canada and Australia, starting later, wisely picked Scottish banking, joint-stock banks with extensive branching, and a physical presence in London.
Viet Nam has witnessed the rapid expansion since the mid-1990s of what are nonstate banks -- joint-stock banks (JSBs), joint-venture banks, and branches of foreign banks.
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.
Due to the foregoing factors, although city commercial banks face competition from state-owned banks, joint-stock banks and foreign banks, together with the rigorous requirements on NPL ratio set by the China Banking Regulatory Commission, the bright prospects are foreseeable.
According to the purchase statistics of the major banks, in 2012, the major state-owned commercial banks, joint-stock banks, postal savings, city commercial banks, rural commercial banks and other financial institutions have purchased about 100,700 sets of ATM equipments, increased by about 25,900 sets compared with 74,800 sets in 2011, and the growth rate was 34.
It became clear that such reorganization could not be realized without changing the ownership structure of the big joint-stock banks.
Full browser ?