Types of Banks:

On the basis of Corporation On the basis of Registration On the basis of creation of money On the basis of ownership On the basis of Domicile Development Bank On the basis of Function Other banks

On the basis of Corporation:

Chartered Bank Constitution bank Constitution bank

Chartered Bank: Chartered Bank establish on the order of king or queen. Or in accordance with the charter of a country. ex: Bank of England

Constitution bank: Constitution bank establish on the order of president or according to the special act of parliament. ex: State Bank of Pakistan

On the basis of Registration : Schedule Bank Non Schedule Bank

Schedule Bank: Schedule Banks are those banks which are registered with SBP. Follow the policies and rules of SBP ex: Allied Bank of Pakistan

Non Schedule Bank: Non Schedule Banks are those banks which are not registered with SBP Independent from the restrictions and conditions of SBP ex: Faysal Bank

On the basis of creation of money:

Central Bank Commercial Bank

Central Bank: Central Bank is a bank of bankers. Its duty is to control the monetary base and supply of money. ex: Central bank of Russia

Commercial Bank: Commercial Bank is a bank that receives deposits, advances loans and discounts bills ex: Habib Bank

On the basis of ownership: Government Bank Private Bank

Government Bank: Government Bank its a bank which is owned by the central or provincial government of a country ex: National Bank of Pakistan

Private Bank: Private Bank is a bank which is owned by the public ex: Soneri Bank

On the basis of Domicile: Domestic Bank International Bank

Domestic Bank: Domestic Banks are those banks which are owned by the state or public of a country ex: Muslim Commercial Bank

International Bank: International Banks are those banks which are owned by the State or public of foreign country ex: Barclays

Development Banks: International development bank Regional development bank Industrial development bank Agricultural development bank

International development bank: International development banks are those banks which focus on the agricultural, industrial and social welfare of all countries at International level. ex: World Bank

Regional development bank: Banks which are established for the development of a specific region or area. ex: Asian development bank

Industrial development bank: Banks which are establish for the development of industry. ex: IDBP

Agricultural development bank: Banks which are established for the development of agricultural sector. ex: ZTBL

On the basis of Function: Investment bank Saving Bank Consumer Bank Exchange Bank Mortgage Bank Co-operative Bank

Investment bank: These banks specialize in large scale deposits and dealing mainly with companies instead of public ex: Islamic Investment bank

Saving Bank: Saving Banks are those banks which develop saving habits in people ex: National saving Center

Consumer Bank: Those banks which advance loans to their customers ex: Muslim Commercial Bank

Exchange Bank: These banks provide exchange of currency and issuance of travel cheques ex: Western Union Bank

Mortgage Bank: These banks provide loans of short, medium and long term nature against land and buildings ex: Mortgage bank of Spain

Co-operative Bank: These banks provide credit facilities to the residents of the particular area or a particular class of people ex: Karakorum Co-operative Bank Limited

Other Banks: School Bank Labor Bank Consortium Bank Islamic Bank Merchant bank

Thank you
Taca Elvira 2EM2 2013