No fundamental distinction is drawn
Traditionally, no fundamental distinction is drawn between the various types of
business banks.
Banking business itself is broken down into different categories
by the Banking Act, but this is merely to enable banking licenses to be restricted
to specified activities, so that each bank need only adhere to the specific
conditions and control requirements relevant to its own particular sphere.
However, the larger German banks are active in all fields, although there is still
plenty of scope for the smaller institution specialising in a particular activity or
market.
EU Forecast
euf:ba18e:42/nws-01