Cooperative banking

Type of retail or commercial bank organized cooperatively

Nº Q3277997 ★★★

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Cooperative banking

Type of retail or commercial bank organized cooperatively

Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world.

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From Wikipedia

Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses.

Text: Wikipédia, CC BY-SA 4.0. · Image: Florian Hurlbrink (CC BY-SA 4.0) ·

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