Anonymous

What Is Difference Between Commercial Bank And Co-operative Bank?

1 Answers

Amanda Wells Profile
Amanda Wells answered
A commercial bank is run for profit, whereas a co-operative bank is run for the benefit of its members. If you join a co-operative bank you have automatic voting rights at the AGM etc, whereas with a commercial one you would have to buy shares. Most of the co-ops were founded in the 19th century, often as building societies to help people save money to buy a house.

Answer Question

Anonymous