Banking in Packilvania: Difference between revisions
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==List of banks in Packilvania==
=== Systemically important banks ===
The four largest banks in the country (referred to as the Big Four) make up over ⅔ of the banking in the country in terms of transactions, assets under management, clients and lending. They are designated as systemically important banks by the Packilvanian Central Bank because their failure or collapse could lead far reaching effects and significantly harm the economy. As such, these banks are subjected to frequent and more rigorous stress tests, more stringent governance and liquidity requirements. The two largest of these banks have been designated as globally systemically important banks by international organisations such as the [[Auroran Central Bank]].
*[[Industrial and Commercial Bank of Packilvania]] (ICBP) is the largest bank in the country. It provides commercial banking services to businesses and people.
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