Most people prefer to deal with government banks despite the weakness of services provided by government banks in developing countries ??
The use of state banks creates a person's sense of greater reliability and security of the state.
Although the state banks seem to give more confidence; private banks are better in terms of communication and service.
The issue for me is not of private vs. government ownership but of being regulated vs. unregulated. Banks need strong governmental oversight.
I prefer the government one because it’s safer than the private bank
Thank you for your opinions ... Although your answers were from different countries, but most of the answers wanted to deal with government banks and this reflects the confidence of people and their impression on the money that the state can not lose, but the central bank is responsible for all banks, whether government or Eligibility and monitors the work of banks and directs instructions and penalties in case of question laws ..
Of course I prefer to deal with government banks because they are safer, especially in a country like where I live (Iraq)
Government banks are the best for their collateral as they fall under this administration in developing countries
In developed countries, private banks have guarantees and are used by investors to a large extent. This depends on the country's strength and stability in imposing its control over banks, giving guarantees to people that their rights are guaranteed.
Despite this, there are so-called credit unions, which are better than banks and used in many developed countries
Greetings
Certainly I prefer to deal with government banks
Best Regards Aya Adel
I hoped that economic researchers would compare the advantages and disadvantages of dealing with banks and government and private banks as well as studying them within the Islamic jurisprudence perspective, albeit overall, and then compare them with the policies of the West known globalization
Its goal is clear: to kneel the developing countries
Most researchers have found that public banks (government or national or state) banks are less efficient than private banks.
Iannota et al. (2007), Barth et al. (2004) and Million Cornett (2010) have proven that:
- National government banks include higher loan risks and therefore higher credit risks and lower asset quality.
- Solvency ratios in government banks are worse than those of private banks.
Wanzenried and Dietrich (2011) studied the case of Switzerland and confirmed that state banks are less efficient than private banks, but not in the event of a crisis!
The global financial crisis has reversed this trend, with state banks considered to be safer and better managed than private sector banks.
Government banks ... i found that government bank have a similar performance as private banks. see in https://journal.ugm.ac.id/jieb/article/view/6288
Of course to deal with gov. banks, because they are much more reliable.
I clearly reject this goverment trend.
More specific?
Region?
Customer Segment? (Tourist, commercial or business)
BUT for all cases the Country Rating is an usefull indication... which can be extended to the ratings of the public banks ... 2 big 2 fail ?
Research e.g. taxing banks examples, or infrastructure projects and state fraud
I prefer dealing with government banks more than private, in terms of safety as well as to encourage government investment.
At present, private banks are the best and fastest in Iraq.
Governmental banks decline their banking performance very significantly. And the routine is very high and boring
This issue may look different in individual models of the financial system, in individual countries. In some countries, if some commercial banks are controlled by the state treasury and the banking procedures used are almost identical to fully private commercial banking, there are very few real differences for a citizen choosing a particular bank. In this situation, slight differences are highlighted in marketing in the context of interbank competition. A significant proportion of citizens choosing a bank under the influence of specific messages in the advertisements of the offers of individual banks broadcast in the media is guided by the content of these ads, trusting in the message contained in the ads suggesting certain differences in the offers of banks, while these differences may be very small. In addition, most clients do not know the security procedures and risk management systems used in banks in detail, so they are not able to objectively assess in which bank the funds deposited are safer, which bank provides loans more securely, and which banks actually more they apply the principles of corporate social responsibility, etc.
Regards,
Dariusz Prokopowicz
For individual, government banks are best.
For businesses people, private banks are better.
Private banks. Though the best option would be to forgo traditional banking in general. I'm an advocate of blockchain technology and cryptoassets and next generation financial services.
Dear Aya Adel
I prefer private banks. They have better services.
as far, i prefer government banks. if i have to choose private banks, i think i just sugest one bank in indonesia, in my opinion not all private banks is good.
Generally, the services offered by the private sector banks are really very good as compared to Govt. Banks, but still due to various concerns, people want to keep their money in Govt. Banks only.
However, now the trend is changing......................
In general, the services provided by private banks are more modern and sophisticated, but I prefer to deal with public banks because they have a low risk rate.
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