641907 Branches of foreign banks
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641907 Branches of foreign banks
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This type includes:
- activities of branches of foreign banks
Business focus: Most branches of foreign banks operate in the field of investment banking. A few banks also focus on asset management for clients abroad
Geographic scope of activities: International, focused particularly on the country of origin
Legal status: Unlike foreign-controlled banks, the branches of foreign banks are not legal entities in their own right. In terms of their business operations, as in legal respects, they are subordinate to their parent company.