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 ?
The Vietnamese banking market is proving attractive for global sector players, with another foreign investor, Singapore's United Overseas Bank (SIN:U11) raising its stake in Vietnamese lender Southern Commercial Joint-Stock Bank to 19.99% in September.
A40-25442/16-70-41 B, on recognising insolvent (bankrupt) the credit institution International Joint-stock Bank, closed joint-stock company (Bank of Russia registration No.
21 July 2011 - Fitch confirmed on Wednesday and simultaneously withdrew the ratings of Joint-Stock Bank for Foreign Trade of Vietnam (HCM:VCB), or Vietcombank.
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.
Temenos Group (SWX: TEMN), a provider of integrated core banking systems, announced on Wednesday (18 June) that An Binh Commercial Joint Stock Bank (ABBANK), a joint-stock bank in Vietnam, has become the seventh client in the country to go live with TEMENOS T24 (T24).
Moscow: Following a request of the state corporation Deposit Insurance Agency for an early termination of its functions of the provisional administration of the Kaluga Gas and Energy Joint-Stock Bank Gazenergobank (Open Joint-Stock Company, Gazenergobank (Bank of Russia Registration No.
On Friday, the firm has announced the deployment of this new technology at Techcombank, also known as the Vietnam Technological and Commercial Joint-Stock Bank.
17 May 2011 - State-run Joint-Stock Bank for Foreign Trade of Vietnam (HCM:VCB), or Vietcombank (HCM:VCB), has resumed plans to sell a 20% stake to investors abroad, chairman Nguyen Hoa Binh said as quoted by Bloomberg today.
Moscow: In compliance with Clause 2 of Article 18926 and Articles 18931, 18932, 18935 of the Federal Law 'On Insolvency (Bankruptcy)' and due to the revocation of the banking licence from the Moscow-based credit institution International Joint-Stock Bank, closed joint-stock company (IJS Bank CJSC) (Bank of Russia Registration No.
* The issuer is capable of raising necessary funds from Arkada Joint-Stock Bank PJSC (rated uaBBB) in exchange of purchased loans, because of close operating links with the bank.
2 November 2010 - Credit Rating assigned today a long-term uaBBB- credit rating with a "stable" outlook to the UAH100m (USD12.6m/EUR9m) B series registered coupon bonds of Ukrainian Business Standard Joint-Stock Bank.
The rating is underpinned by the company's ability to secure needed funds from Arkada Joint-Stock Bank in exchange of purchased loans, due to its close operational links with the bank.
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