Public Bank

A public bank is a bank, a financial institution, in which a state or public actors are the owners. It is a company under state control.

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.

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