Customer groups of banks

Customer groups of banks

The customer groups of banks -Retail
-Retail market (retail) (Standardized) lending and investment transactions and payments
-Private Banking: Asset management and management for high net worth individuals
-Corporate Clients
-States and local
-Banks

Accounting

The financial statements of banks is also not significantly different. However, there is a special bank account. The cost and management accounting will take place at banks in the cost and revenue accounting, see there.

Legal documents

In Germany, the Banking Act the legal basis for banks. In Austria, which took over after the Second World War for the time being the German law was applied from 1979, a modified, Austria specific banking law, which in 1986 again changed by amendment, and in 1994 completely replaced by the new banking law was.
A peculiarity of Switzerland, which partly true also for Austria, the banking secret. In Germany there are - contrary to a popular opinion - no law on bank secrecy that protects against access to government data.