Set up a new bank or purchase a bank

guides to establish new bank or to purchase existing bankHealy 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. Below is a sample list of banks and financial service companies sourced by Healy Consultants for past clients over the years. Note that this is not an updated list of banks that are currently available for sale.

 CountryBank licenseRegulatorPrice (US$)Advantage
1.North AmericaCommercial bankingBanking and Financial Institutions11mEntry to US market, 3 additional branches
2.North AmericaCommercial bankingBanking and Financial Institutions3mEntry to US market
3.South AmericaTop tier commercial bankingCentral Bank and Superintendency of Banks1.6bFinancial 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 AmericaCommercial banking licenseCentral Bank70mOperational bank with over 10 active branches countrywide
5.Central AmericaCommercial bankingCentral Bank10mActive international bank with over 10,000 Client accounts
6.CaribbeanCommercial bankingMonetary Authority18mInternational banking in a highly regulated jurisdiction
7.CaribbeanCommercial bankingEastern Caribbean Central Bank420kLow cost international readymade bank
8.CaribbeanCommercial bankingFinancial Services Unit3mLow annual operational costs. US and EU correspondent banking
9.CaribbeanCommercial bankingCentral Bank1mLow cost international bank with low capitalization requirements and administrative burden
10.CaribbeanInternational banking licenseCentral Bank4.5mSecure online and mobile banking;
Prepaid debit card issuer, contracts with payment institutions;
Full SWIFT membership, RMA relationships in place and EU/USD correspondent accounts;
EU brokerage account and online trading platform;
FACTA compliant and FSRA approved.
11.Central EuropeOnline Commercial bankFinancial Market Supervisory Authority10m30% ownership available.
Potential growth opportunities in EU and online banking.
12.Central EuropePrivate bankFinancial Market Supervisory Authority30mOpportunity for full asset management and investment banking
13.EuropeCommercial bankCentral Bank250mAccess to Eurasian markets
14.EuropeForex brokerage and binary optionsSecurities and Exchange Commission350kThe entity holds both EU and international licenses, has a physical office, qualified staff and SEC approved trading platform and websites.
15.EuropeCommercial banking licenseCentral Bank€70mCategory AAA operational bank, with main focus on wealth management. AuM is €900m
16.EuropeAsset management, fiduciary, financial services and brokerageFinancial Market Supervisory Authority€140kAged 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
17.EuropeAsset management, fiduciary, financial services and brokerageFinancial Market Supervisory Authority€165kAged 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.
18.EuropeCommercialCentral Bank€5mAccess to EU
19.Eastern EuropeCommercial bankingCentral Bank6mAccess to Eastern Europe
20.Eastern EuropeCommercial bankingNational Bank16.5mExpansion in southeast and central Europe
21.Eastern EuropePrivate bankingBanking Regulation and Supervising Agency35mGovernment insured bank
22.Europe (CSI)CommercialCentral Bank5mAccess to EU, active SWIFT
23.Europe (CSI)CommercialCentral Bank5.6mAccess to EU, active SWIFT and correspondent accounts with major local banks
24.Europe (CSI)CommercialNational Bank13mAccess to EU
25.Northern EuropeGeneral banking licenseCentral Bank and Financial and Capital Market Commission€100mDeposit 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.
26.Middle EastCommercial bankingCentral Bank and Financial Services Authority7.5mAccess to Middle East & Africa
27.Middle EastInvestment bankCentral Bank8mForeign expansion opportunities
28.East AfricaCommercial bankingCentral Bank10mB2B and B2C banking, 2 additional branches and expansion in East Africa
29.East AfricaCommercial bankingCentral Bank23mControlling equity in stable bank.
30.West AfricaCommercial bankingBanking Supervisory and Central Bank180mCommercial and investment banking opportunity opportunities
31.Asia PacificOffshore international banking licenseFinancial Services Commission1mNewly acquired license. SWIFT registered and correspondent banking in AUD, EUR and JPY
32.Asia PacificInternational banking licenseFinancial Services Commission€3.5mMulti-currency cash accounts in various hard currencies, foreign exchange services, international remittance services, multi-currency correspondent accounts, treasury management, custodian accounts, term deposits and credit. Secure internet and mobile banking and prepaid debit card issuer.
Paid up-share capital included in sale price.
33.Puerto RicoInternational Banking LicensePuerto Rico Office of the Commissioner of Financial Institutions25mAccess to US banking system

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:
View PDF

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 License

    Deposit 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:

    1. Cap of deposit amount allowed to take from public (e.g.: Hong Kong = $100,000);
    2. Minimum maturity term of deposits (e.g.: Hong Kong = 3 months);
    3. 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.

Contact us

For additional information on our buying/selling bank services, please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal