Set up a new bank or purchase an existing bank

guides to establish new bank or to purchase existing bankSince 2003, Healy Consultants Group PLC assists our multi-national Clients’ to i) purchase existing banks in every country on the planet or ii) register a new bank in specific jurisdictions. This web page covers each of these solutions.

Existing banks for sale

Healy Consultants Group PLC Advisory Team will project manage (click link) the bank purchase engagement including i) negotiate acquisition price ii) complete due diligence of the financial institution iii) draft the sale and purchase agreement to protect the buyers interest iv) supervise lawyers and other third parties and v) liaise with the Government re licenses and vi) secure SWIFT access. Examples of banks we previously sourced or transacted for our Clients:

 CountryBank licenseRegulatorPrice (US$)Advantage
1.North AmericaCommercial bankingBanking and Financial Institutions11mEntry to US market, 3 additional branches
2.Central AmericaCommercial bankingCentral Bank10mActive international bank with over 10,000 Client accounts
3.CaribbeanCommercial bankingOCFI3mOperational bank with employees. Financial reports available. US correspondent accounts available
4.CaribbeanCommercial bankingOCFI19mUS correspondent account available
5.CaribbeanCommercial bankingFSU1.1mLow cost international bank established since 2015. US$1million paid up share capital.
6.CaribbeanCommercial bankingFSU8mEstablished since 2011. 1 branch office available
7.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.
8.Central EuropeOnline Commercial bankFinancial Market Supervisory Authority10m30% ownership available.
Potential growth opportunities in EU and online banking.
9.Central EuropePrivate bankFinancial Market Supervisory Authority30mOpportunity for full asset management and investment banking
10.EuropeCommercial bankFCMC14mEstablished since 2010. 2 branch offices available. Assets of almost €200m. Large retail customer base.

Register a new bank

  • Instead of buying current banks for sale, some Clients prefer to register 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 popular jurisdictions can be found in this attached pdf file;
    View PDF
  • Central Bank basic requirements to secure a license include i) shareholders and directors track record of at least 5 years prior experience in banking and finance and ii) shareholders to demonstrate sufficient funds to operate the bank and iii) shareholder to provide evidence of liquidity to satisfy share capital requirements and iv) professional references from independent banks, lawyers and accountants and v) anti money laundering (AML) policies and vi) detailed business plan. Healy Consultants Group PLC will assist our multi-national Clients’ complete all of the above;
  • It is important our Clients are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfil those obligations annually. Let us know if you need Healy Consultants Group PLC’s help to clarify your annual reporting obligations.

Deposit Taking License

  • Deposit taking institutions (DTCs) 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;
  • For example i) usually there is a regulatory ceiling to the deposit amount allowed to take from public (e.g.: Hong Kong = $100,000) and ii) there is a minimum maturity term of deposits (e.g.: Hong Kong = 3 months) and iii) the financial institution 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. Examples of popular DTC jurisdictions include i) Hong Kong – Deposit Taking Companies (DTC) and ii) Australia – Authorized Deposit Taking Institutions (ADI) and iii) Kenya – Microfinance institutions (DTI);

Contact us

For additional information on our buying/selling bank services, please contact our in-house country expert, Mr. Vladislavs Grekis, MICA, directly:
Consultant at HC - Vladislavs
  • Mr. Vladislavs Grekis, MICA
  • Client Engagements Manager
  • Contact me!