Banking entity

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Today, practically everyone has a bank account. This is tied to a bank, or a bank, which is responsible for ensuring that your account is protected and that the money in it continues to be available to you for whatever you need.

However, What else do you know about the bank? Do you know the different types of entities? Or all the services they can offer? That, and much more, is what we are going to talk about next.

What is a bank entity

A banking entity is better known by its common name, bank, even though it may have other names such as credit institution or depository institution. Is a financial company that is in charge of offering financial services to clients, such as loans, credits ... At the same time taking care of keeping the money that clients deposit in them safe.

The target del banco es gestionar el dinero de los clientes de tal manera que además lo utilice para prestarlo a otros.

What does a bank entity do

Generally speaking, a bank has two types of activities:

• Responsibility operations. Corresponde a la captación de dinero de persons o organizaciones, compañías, instituciones, etc.
• Asset operations. And it is that they are in charge of lending that money that they have captured from third parties, always at a higher cost, to get a profit for making that transaction and, also, for the risk they run.

Liability operations

If we break down a bank's liability operations a little more, you will see that it refers to attracting customers and, with them, resources. This category is where bank accounts, savings accounts, bank cards, long-term deposits come in ...

In other words, we are talking about those services offered to clients that involve leaving a certain amount of money deposited in the bank. This will always be available to customers, who can withdraw it whenever they want. But, meanwhile, it is part of the liquidity that the bank has to make loans to a third person (which would be active operations).

Asset operations

As we have already commented, it refers to activities associated with the loan of money. In other words, they try to move money by lending it to other people and obtaining a series of benefits for doing so.

In this type of operation, for example, credits and lines of credit, loans, mortgages ... What they do with them is that they give money to those who require it in exchange for the interest paid by the person who requires that capital, that the bank itself wins by administering this procedure and taking over the risk for that person to return the money they have received.

Types of banking entities

Now we are going to know the different types of banking entities. And it is that, even when you do not believe it, banks, as you know them, are not the only ones who enter into this concept, But there is much more.

Hence, you can find the following:

Retail banking

This type of bank is the most common and the one you know very well. In reality, your payroll, pension or income ends up in said bank account. It consists of entities in which the clients are individuals.

More specifically, they are those banks where you can open a bank account, request loans or credits, etc. They operate only for individuals, even though there are also services for freelancers and companies (even though the latter tend to opt for another type of bank).

Company banking

In this circumstance, and as we taught you before, it is a type of banking entity focused on companies. Although they can have the same services as in retail banking, they also have another catalog of services related to companies such as payroll, mass transfers, virtual POS to market online, etc.

Dicho de otra forma, todo lo que las compañías necesitan de un banco para poder operar y realizar transacciones, ya be con sus clientes o con sus empleados.

Private banking

Private banking is part of retail banking. However, focuses on a more specific part: those people who have great wealth or a fortune. In this circumstance, we can say that they are banks that offer special treatment to their richest clients and, as such, take care of them.

The services they offer to clients may be the same as to individuals but, because they are "special", they offer other types of more succulent and beneficial conditions for them, either with less commissions, with greater profitability, etc.

Investment banking

Also known as business banking, it is what deals with serving legal entities and administrations in the needs they have, mainly those associated with the investment. For example, mergers, acquisitions, investment in other businesses, etc.

Banks in Spain

Now that you better understand what a bank is and fundamentally the types and what is done in them, it is time for you to know which are the banks that exist in Spain. From this dynamic, you will not only know the offer that there is, but you will see that there are many more banks than you can know because they are listened to a lot, they are large or they even do a lot of commercial promotion.

Specifically, we are talking about the following:

A&G Private Banking

• Abanca Banking Corporation
• ActiveBank
• Arquia
• March Bank
• Pueyo Bank
• BBVA
• Caixa Geral Bank
• The Caminos Bank
• Cetelem Bank
• Spanish Cooperative Bank
• The Bank of Albacete
• Investment of the Banco de Caja de España Salamanca and Soria
• Bank of Castilla- La Mancha
• The Cooperative Bank of Social Credit
• Deposit bank
• Custodian bank BBVA
• The Bank of Madrid
• Sabadell Bank
• European Finance Bank
• The Finantia Sofinloc bank
• Industrial bank of Bilbao
• Inversis Bank
• Mare Nostrum bench
• Banco Mediolanum
• Western bank
• The Pastor Bank
• Banco Pichincha Spain
• Banco Popular Español
• Santander Bank
• Urquijo Bank
• Bancofar
• Bancopopular-e
• Bancorreos
• Bankia
• Bankinter
• Bankoa
• Bantierra
• Financing bank BBVA
• Caixabank
• Savings bank Ontinyent and MP
• Catalunya Banc (Catalunya Caixa)
• Cecabank
• Colonya-Caixa d'estalvis de Pollensa
• Deixa Sabadell
• EBN Business Bank
• Evo Bank
• Ibercaja Bank
• Kutxabank
• Liberbank
• New microbank
• Novanca
• Openbank
• Popular private banking
• Promobanc
• Rent 4 Bank
• Sa Nostra
• Santander Consumer Finance
• Santander investment
• Santander Securities Services
• Self-service bench
• Targobank
• Unicaja Bank
• Bank unoe

In this circumstance, and if you do not like any bank in Spain, or you are a business person who travels the world, it may be much better if you have one. account in a foreign or international bank. In Spain you have two types: on the one hand, those that have offices in Spain and that operate in the country, which is the list that we are going to give you below; on the other hand, it has more banks that operate without having a defined branch, but do so virtually.

The link between foreign banking entities that operate in Spain is as follows:

• AKF Bank GMBH & Co KG
• Allfunds Bank
• Andbank Spain
• Arab bank
• Ares Bank
• Alcala Bank
• Banca Nationale de Lavoro
• Pichincha Bank
• Banque Marocaine Commerce Exterieur
• BNP Paribas
• Citibank
• Short cousors
• German bank
• ICBC Luxembourg
• Direct ing
• Novobank
• Privat Bank Degroof
• RBC Investor Services
• Scania Bank
• Triodos Bank
• UBS Bank
• Volkswagen