Technically it was not a 'bank' in that it did not collect deposits from the public, its liabilities being government bonds.
But just collecting deposits is no longer enough to guarantee profits.
It is not known if Richmond hill inn is collecting deposits on wedding reservations.
The act was passed in 1977 to encourage banks to provide more services and lending in areas where they collect deposits.
The bank was established in the late 1980's as a means for collecting deposits from Merrill's clients.
In the past, Akbank has focused on collecting deposits and investing in the local treasury bill market.
It is started as a small bank in Tsuen Wan by collecting deposits from farmers.
"We want to put heads in beds, not collect deposits."
The system does not collect deposits.
The provisional registration allowed the company to enrol shareholders and to collect deposits on the shares.
