Definitions for public bank
pub·lic bank

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1. Public bank

   A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners. It is an enterprise under government control. Prominent among current public banking models are the Bank of North Dakota, the German public bank system, and many nations’ postal bank systems. Public or 'state-owned' banks proliferated globally in the late 19th and early 20th centuries as vital agents of industrialisation in capitalist and socialist countries alike; as late as 2012, state banks still owned and controlled up to 25 per cent of total global banking assets.Proponents of public banking argue that policymakers can create public-sector banks to reduce the costs of government services and infrastructure; protect and aid local banks; offer banking services to people and entities underserved by private-sector banking; and promote particular kinds of economic development reflecting polities’ shared notions of social good. The 2015 Addis Ababa Financing for Development Action Agenda noted that public banks should have an important role in achieving the new Sustainable Development Goals. Increasingly, major international financial institutions are recognising the positive and catalytic role public banks can serve in the coming low carbon climate resilient transition. Further, international NGOs and critical scholars argue that public banks can play a significant role in financing a just and equitable energy transition.However, studies conducted by regional Federal Reserve Banks and sponsored by state and local governments have found that a new public bank in the U.S. is unlikely to be viable, and would pose financial risks to states and municipalities. Among the risks that have been cited by critics is the significant amount of startup capital that would be needed to start a public-bank, and concerns over political influence, which could lead to corruption, self-dealing and risky lending.

Editors ContributionRate this definition:0.0 / 0 votes

1. public bank

   A form of bank that is cocreated or nationalized by a form of unity government to ensure that all profits cocreated within banking are a form of unity government income

   A public bank is an intelligent solution within a socialist unity government to ensure there is a sustainable form of unity government income

   
   

   Submitted by MaryC on March 25, 2021  

How to pronounce public bank?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say public bank in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of public bank in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of public bank in Pythagorean Numerology is: 1

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Public_Bank