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Savings banks emerged...

Автор: olegj от 21-03-2013, 04:40

Savings banks emerged...

Savings banks emerged in Germany in the second half of the XVIII century. The first private savings banks were established in Hamburg in 1778, followed by the creation of savings banks began by local authorities. Thus, at the present time almost all savings banks in Germany are state-owned. Feature liabilities savings banks is that they have no equity, equity capital consists of reserves. Strong and solid guarantee

 

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