Public Bank
Registered User
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Hi All,
I'm new to the forum. I work with a voluntary group The Public Banking Forum of Ireland just formed in 2012. We are working to introduce Public Banks to Ireland. (Full reserve banking) Germany has 64% Public Banks & 40% of all banks are Public Banks.
Public Banks are
1. Operated on commercial principles with the aim of maximising sustainable lending and not on maximising profits.
2. Operated on the Principle of “Local deposits into local loans” keeping capital in their own area.
3. Surpluses remain with the Bank & within the region: Profits are used to increase equity and for non-profit purposes (the public benefit principle).
4. Banned from engaging in financial speculation.
5. Only allowed to lend only to local people and businesses in its designated catchment area.
6. Controlled by stakeholders from the local community.
7. Independent of political influence and control.
8. The Joint Liability Scheme provides protection for all Savings Bank Branches.
We are holding a seminar "Public Banking for Ireland" in The Green Isle Hotel on 27th Feb 2pm. Please Google us Public Banking Forum of Ireland. Sorry I'm new to forum so can't post URLs (Republic Ireland Bank .com) Come back with questions or comments. A network of Public Banks could go a long way to sorting our problems.
Thanks, Regards Gerry
I'm new to the forum. I work with a voluntary group The Public Banking Forum of Ireland just formed in 2012. We are working to introduce Public Banks to Ireland. (Full reserve banking) Germany has 64% Public Banks & 40% of all banks are Public Banks.
Public Banks are
1. Operated on commercial principles with the aim of maximising sustainable lending and not on maximising profits.
2. Operated on the Principle of “Local deposits into local loans” keeping capital in their own area.
3. Surpluses remain with the Bank & within the region: Profits are used to increase equity and for non-profit purposes (the public benefit principle).
4. Banned from engaging in financial speculation.
5. Only allowed to lend only to local people and businesses in its designated catchment area.
6. Controlled by stakeholders from the local community.
7. Independent of political influence and control.
8. The Joint Liability Scheme provides protection for all Savings Bank Branches.
We are holding a seminar "Public Banking for Ireland" in The Green Isle Hotel on 27th Feb 2pm. Please Google us Public Banking Forum of Ireland. Sorry I'm new to forum so can't post URLs (Republic Ireland Bank .com) Come back with questions or comments. A network of Public Banks could go a long way to sorting our problems.
Thanks, Regards Gerry