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Postal Bank (other)
*Austrian Postal Savings Bank * Croatian Postal Savings Bank * Greek Postal Savings Bank *India Post Payments Bank *Philippine Postal Savings Bank *Postal Savings Bank of China *Tanzania Postal Bank See also * Postal savings system Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, G ... * Postbank (other) {{Disambiguation ...
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Austrian Postal Savings Bank
The Austrian Postal Savings Bank building (German language: ''Österreichische Postsparkasse'') is a famous building in Vienna, designed and built by the architect Otto Wagner. The building is regarded as an important work of Vienna Secession, branch of Art Nouveau. It was constructed between 1904 and 1906 using then completely new reinforced concrete, and was opened on 17 December 1906. Extension was added between 1910 and 1912. The building houses the headquarters of the ''Österreichische Postsparkasse'' (P.S.K.) bank, formerly the ''k.k. Postsparcassen-Amt'' (Imperial-Royal Postal Savings Office). It is located at Georg-Coch-Platz 2, in the first district Innere Stadt, next to the Ringstraße boulevard. Exterior Up to eight stories high, the building occupies an entire city block. The façade is covered with square marble slabs and aluminum applications reminiscent of a money storage. Granite slabs are attached to the lower and upper levels. The rivets with which the marbl ...
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Croatian Postal Savings Bank
Croatian may refer to: *Croatia *Croatian language *Croatian people *Croatians (demonym) See also * * * Croatan (other) * Croatia (other) * Croatoan (other) * Hrvatski (other) * Hrvatsko (other) * Serbo-Croatian (other) Serbo-Croatian or Croato-Serbian, rarely Serbo-Croat or Croato-Serb, refers to a South Slavic language that is the primary language of Serbia, Croatia, Bosnia and Herzegovina, and Montenegro. Serbo-Croatian, Serbo-Croat, Croato-Serbian, Croato-Serb ... {{disambiguation Language and nationality disambiguation pages ...
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Greek Postal Savings Bank
TT Hellenic Postbank (formerly the Greek Postal Savings Bank, gr, Ταχυδρομικό Ταμιευτήριο ''Tachidromiko Tamieftirio'') was a commercial bank based in Athens, in Greece. The bank's license was withdrawn in January 2013 and it was put into liquidation. See also *Postal savings system Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, G ... References Defunct banks of Greece Banks established in 1900 Greek companies established in 1900 Banks disestablished in 2013 2013 disestablishments in Greece Postal savings system Greek brands {{Europe-bank-stub ...
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India Post Payments Bank
India Post Payments Bank, abbreviated as IPPB, is a division of India Post which is under the ownership of the Department of Post, a department under Ministry of Communications of the Government of India. Opened in 2018, as of January 2022, the bank has more than 5 crore customers. History On 19 August 2015, the India Post received licence to run a payments bank from the Reserve Bank of India. On 17 August 2016, it was registered as a public limited government company for setting up a payments bank. IPPB is operating with the Department of Posts under Ministry of Communications. The pilot project of IPPB was inaugurated on 30 January 2017 at Raipur and Ranchi. In August 2018, the Union Cabinet approved a cost of for setting up the bank. The first phase of the bank with 650 branches and 3,250 post offices as access points was inaugurated on 1 September 2018. Over ten thousand postmen have been roped into the first phase. By September 2020, the bank had acquired about 3.5 cr ...
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Philippine Postal Savings Bank
The Overseas Filipino Bank (OFBank) is the state-owned digital-only, branchless bank in the Philippines. Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks (the others being Land Bank of the Philippines and Development Bank of the Philippines), and is the 16th largest thrift banks in terms of assets. Its services are catered to the needs of Overseas Filipinos (OFs), Overseas Filipino Worker (OFWs), and their families or beneficiaries. Since 2018, it has been a subsidiary of LandBank. History Established as Philippine Postal Savings Bank in 1906, the bank was closed in 1976 as a result of competition with privately owned banks, but was reopened in 1994 pursuant to the provisions of Republic Act No. 7354, the charter of the Philippine Postal Corporation. In 2013, the bank rebranded its operations as "Postbank". Despite the legal affiliation, the PPSB is governed separately from PhilPost. On ...
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Postal Savings Bank Of China
Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2017, PSBC has 39,798 branches covering all regions of China. PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 trillion in deposits and the second largest number of branches, after the Agricultural Bank of China. During the Global Financial Crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China’s credit cooperatives in their microcredit schemes. On December 8, 2015, China Postal Savings ...
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Tanzania Postal Bank
Tanzania Commercial Bank, formerly known as TPB Bank Plc, is a commercial bank in Tanzania. It is licensed and supervised by the Bank of Tanzania, the central bank and national banking regulator. History Incorporation In 1925 the Tanganyika Post Office Savings Bank Ordinance was passed by the British Colonial government that established the Tanganyika Post office Savings Bank. The bank became operational in just two years in 1927. Financial sector reform After the government of Tanzania began financial sector reform following the end of Ujamaa economic policies in the country, the Tanzania Post office Savings bank was transformed into a separate entity, the Tanzania Postal Bank. The Tanzania Postal Bank Act No. 11 of 1991 created the bank as a separate entity from the Tanzania Posts and Telecommunications Corporation. Since attaining its independence, the bank has provided services to a much larger population than before and it has begun to provide a profit to the gover ...
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Postal Savings System
Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on the tota ...
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