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.
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.
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).
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.
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.
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.
02 % year on year, which is far higher than the overall level of that from commercial banks, large state-owned banks as well as joint-stock banks.
In the future, the joint venture's products will cater to clients such as state-owned banks, joint-stock banks, city commercial banks, and rural credit cooperatives, providing them with excellent financial products and services, both at home and overseas.
9 percent from earlier, while assets held by joint-stock banks have totalled CNY15.
Presently, private capital accounts for only 20 percent of ordinary-share ownership in joint-stock banks and 45 percent in city commercial banks, the report said, citing data from the CBRC.
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