How to open a foreign bank account that will not be closed due to the lack of confirmation of registration of this account in the tax
Many foreign banks, which still open accounts for non-residents, are beginning to demand documents that…

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Cayman Islands introduced new legislation to protect personal information
The Cayman Islands, like many other small island states whose main income is provided by…

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Brokerage operations of banks in their accounting
The securities market is similar to the market of any other commodity, but it also…

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Formation of approaches to the functioning of the bank in the context of sustainable development
The world community is unanimous about the need to make changes in the functioning of…

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banks themselves

Dubai Bank Services

If you are doing business in the United Arab Emirates or have registered an offshore company in the UAE free zone, then it goes without saying that you will want to open a current bank account in one of the local financial institutions. But more and more often, customers of Dubai banks are those who have neither business interests nor real estate in the region.
This is not something outlandish, since the banking system of the United Arab Emirates is recognized by experts as one of the most reliable and immaculate in the world. Continue reading

PASSIVE OPERATIONS OF THE BANK

Passive operations are operations for the accumulation of funds. As a result of these operations, funds from businesses and individuals, government funds, and shareholders’ funds, which are used to conduct active operations, are attracted to the bank.
As a result of passive operations, banking resources are formed, which are reflected in the bank’s liabilities side. Sources of formation of banking resources are own, borrowed and borrowed funds. Continue reading