Set up a new bank or purchase a bank
Healy Consultants assists our global Clients’ purchase existing banks in every country or set up a new banking entity in top banking jurisdictions regulated by Basel II and III. Most of our Clients choose to purchase existing banks for sale.
Banks for sale
Healy Consultants Advisory Team assists our Client purchase banks in every country in the world including i) negotiating price ii) completing due diligence iii) project managing the acquisition iv) supervising lawyers and other third parties and v) liaising with the Government re licenses and vi) securing SWIFT access. Examples of banks for sale:
|Country||Bank license||Regulator||Price (US$)||Advantage|
|1.||North America||Commercial banking||Banking and Financial Institutions||11m||Entry to US market, 3 additional branches|
|2.||North America||Commercial banking||Banking and Financial Institutions||3m||Entry to US market|
|3.||South America||Top tier commercial banking||Central Bank and Superintendency of Banks||1.6b||Financial group holdings with bank branches spread across South America and presence in USA and Europe. Other operations of group companies include fund management, insurance and finance companies|
|4.||South America||Commercial banking license||Central Bank||70m||Operational bank with over 10 active branches countrywide|
|5.||Central America||Commercial banking||Central Bank||10m||Active international bank with over 10,000 Client accounts|
|6.||Caribbean||Commercial banking||Monetary Authority||18m||International banking in a highly regulated jurisdiction|
|7.||Caribbean||Commercial banking||Eastern Caribbean Central Bank||420k||Low cost international readymade bank|
|8.||Caribbean||Commercial banking||Financial Services Unit||3m||Low annual operational costs. US and EU correspondent banking|
|9.||Caribbean||Commercial banking||Central Bank||1m||Low cost international bank with low capitalization requirements and administrative burden|
|10.||Central Europe||Online Commercial bank||Financial Market Supervisory Authority||10m||30% ownership available.|
Potential growth opportunities in EU and online banking.
|11.||Central Europe||Private bank||Financial Market Supervisory Authority||30m||Opportunity for full asset management and investment banking|
|12.||Europe||Commercial bank||Central Bank||250m||Access to Eurasian markets|
|13.||Europe||Forex brokerage and binary options||Securities and Exchange Commission||350k||The entity holds both EU and international licenses, has a physical office, qualified staff and SEC approved trading platform and websites.|
|14.||Europe||Commercial banking license||Central Bank||€70m||Category AAA operational bank, with main focus on wealth management. AuM is €900m|
|15.||Europe||Asset management, fiduciary, financial services and brokerage||Financial Market Supervisory Authority||€140k||Aged financial services company (above 10 years). Allows foreign ownership in bearer shares. Discretionary fund management, international clearing capability, trade in securities, open FX, CFD and commodity trading accounts for customers, issue debit cards. Custom website hosting, custodian bank, compliance officer and physical office paid up for 1 year|
|16.||Europe||Asset management, fiduciary, financial services and brokerage||Financial Market Supervisory Authority||€165k||Aged financial services company (above 20 years). Allows foreign ownership and transfer of registered shares to bearer shares. Discretionary fund management, international clearing capability, trade in securities, open FX, CFD and commodity trading accounts for customers, credit transactions, issue debit cards.|
|17.||Eastern Europe||Commercial banking||Central Bank||6m||Access to Eastern Europe|
|18.||Eastern Europe||Commercial banking||National Bank||16.5m||Expansion in southeast and central Europe|
|19.||Eastern Europe||Private banking||Banking Regulation and Supervising Agency||35m||Government insured bank|
|20.||Europe (CSI)||Commercial||Central Bank||5m||Access to EU, active SWIFT|
|21.||Europe (CSI)||Commercial||Central Bank||5.6m||Access to EU, active SWIFT and correspondent accounts with major local banks|
|22.||Europe (CSI)||Commercial||National Bank||13m||Access to EU|
|23.||Northern Europe||General banking license||Central Bank and Financial and Capital Market Commission||€100m||Deposit taking and customer accounts maintenance, lending and issuing guarantees, cash and settlement operations and operations with securities and foreign exchange. 13 branches countrywide, correspondent accounts for over 10 international currencies, sole foreign shareholder allowed.|
|24.||Middle East||Commercial banking||Central Bank and Financial Services Authority||7.5m||Access to Middle East & Africa|
|25.||Middle East||Investment bank||Central Bank||8m||Foreign expansion opportunities|
|26.||East Africa||Commercial banking||Central Bank||10m||B2B and B2C banking, 2 additional branches and expansion in East Africa|
|27.||East Africa||Commercial banking||Central Bank||23m||Controlling equity in stable bank.|
|28.||West Africa||Commercial banking||Banking Supervisory and Central Bank||180m||Commercial and investment banking opportunity opportunities|
|29.||Asia Pacific||Offshore international banking license||Financial Services Commission||1m||Newly acquired license. SWIFT registered and correspondent banking in AUD, EUR and JPY|
Setup a bank
Instead of buying current banks for sale, some Clients choose to setup a new bank. Healy Consultants Advisory Team assists our Client set up a new bank in every country in the world including i) company registration ii) correspondent bank account opening iii) project managing lawyers, accountants and other third parties and iv) liaising with the Government re licenses and v) securing SWIFT access. Examples of banks for sale:
Our recommended jurisdictions
View options to setup a new bank in some of our recommended jurisdictions:
Basic requirements to secure a license:
- Track record – at least 5 years prior experience in banking and finance;
- Proof of funds – shareholders should demonstrate sufficient funds to operate the bank;
- Share capital available – shareholder to provide evidence of liquidity to satisfy share capital requirements;
- References from banks, lawyers and accountants;
- Detailed business plan including i) type of business the bank will be doing, ii) objectives and financial projections for the next 5 years, iii) complete market analysis, iv) anti money laundering (AML) policies, etc.
It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.
Deposit Taking LicenseDeposit taking institutions are licensed companies which can take deposits from customers under certain restrictions. A deposit taking company is generally granted a restricted banking license and is regulated by the banking authority where it offers its services.
DTCs can are different from fully licensed banks as, general features of DTCs are:
- Cap of deposit amount allowed to take from public (e.g.: Hong Kong = $100,000);
- Minimum maturity term of deposits (e.g.: Hong Kong = 3 months);
- May be only allowed to offer services to a closed circle of clients.
DTCs may include specialized banks, finance and microfinance companies and/or trust and loan companies.
Refer to the below links to read how these institutions are regulated in sample countries:
- Hong Kong – Deposit Taking Companies (DTC);
- Australia – Authorized Deposit Taking Institutions (ADI);
- Kenya – Microfinance institutions (DTI).
Healy Consultants will assist our Clients secure a DT License in the jurisdiction of preference globally. Email us for more information on licensing procedures, timeline and engagement costs to secure the license.
Other support services Healy Consultants offers include i) international correspondent bank accounts ii) payment debit and credit cards iii) merchant accounts payment gateways and acquiring bank introductions.