Public Bank
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(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).
5. Only allowed to lend only to local people and businesses in its designated catchment area.
7. Independent of political influence and control.
8. The Joint Liability Scheme provides protection for all Savings Bank Branches.
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