España

Savings banks

 

These are entities which differ from banks in that they have no capital: they are obliged to dedicate part of their annual economic results to the maintenance and financing of socially beneficial activities: they do not have shareholders and thus do not share out profits.

The socially beneficial activities in which they must invest part of their funds must be related to education, culture, research, public health and social assistance services

 
Comisión EuropeaEscuela Europea de ConsumidoresGobierno de CantabriaMAG (Estudios de Consumo) S.L.IFAVConsomation et Logement Cadre de VieAssociation d'avocats

 

More and more, savings banks have entered the fray to compete with private banks using similar marketing systems, client attraction, aggressive commercial strategies, etc

  

As far as the capture of resources, investment thereof, and the performing of operations and loan services to users, are concerned, there are no substantial differences with respect to banks. That is to say, more and more, savings banks have entered the fray to compete with private banks using similar marketing systems, client attraction, aggressive commercial strategies, etc