Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.
There were many private banks in Europe, but most have now become incorporated companies, so the term is rarely true any more. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high-net-worth individuals (private banking).
"Private banks" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.
JOHANNESBURG (Reuters) -South Africa’s central bank ... Africa’s most industrialised economy is strongly supported by a raft of big private banks which is often called the backbone of its economic infrastructure by virtue of them being well-capitalised and conservative.
JOHANNESBURG, May 16 (Reuters) - SouthAfrica's central ... Africa's most industrialised economy is strongly supported by a raft of big private banks which is often called the backbone of its economic infrastructure by virtue of them being well-capitalised and conservative.
The Company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services, and financing and lending, and multi-shore platform solutions ... to yachts and private jets owned by the bank’s clients.
To deliver a world-leading private credit bureau solution, Creditinfo will combine Bureau‘s local knowledge with its own extensive experience delivering private credit bureau solutions in developing markets – including across Sub-Saharan Africa.
Engaging diplomatic and technical leads in the embassies and/or offices of major bi-lateral donors Engaging directors and/or technical leads in major foundation donor offices, multi-lateral offices, and development banks in EastAfrica Engaging with directors and/or CSR leads in major regional private sector businesses & their foundations e.g.
... Awards named AbsaBankGhana the best bank in trade finance in the sub-region – due to a concerted effort by the corporate and investment banking (CIB) team to lead the way in trade financing for public and private institutions and organisations across WestAfrica.
He bemoaned the lack of access to finance to run private health facilities because most banks were not ready to offer loans to them in view of the perceived high risks in lending to private institutions ... Mr Appiah said although the banks had allocated funds for supporting private ...
“This will take the concerted effort of all stakeholders, national and regional, private and public sectors, the young and old to change the Africa economic story for good. The Bank of Ghana will continue providing strong policy support efforts to spur both domestic and regional ...