An indigenous bank is a financial institution that is owned and operated by the people or organizations of a particular country or region. The term "indigenous" refers to the fact that the bank is established by and for the local people, rather than being owned and controlled by foreign investors or multinational corporations.
Indigenous banks are often established with the aim of promoting local economic development, providing financial services to underserved communities, and supporting small and medium-sized enterprises (SMEs) that may have difficulty accessing traditional banking services. These banks may also focus on providing loans and other financial services to marginalized groups, such as women, farmers, and low-income individuals.
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