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Finance & Banking vocabulary · Banks & Institutions

Private banking

Meaning in finance & banking, with examples

nounCommon term

In finance & banking, private banking means: Personalised banking and investment services for wealthy individuals and families, usually provided through a dedicated adviser.

In Turkish: özel bankacılık, varlık yönetimi

How it is used

Used in retail banking and wealth management. Private banking clients, often called high-net-worth individuals (HNWIs), receive investment advice, portfolio management and special pricing. Each bank sets its own minimum asset level. It is closely linked to 'wealth management'.

Example sentences

  1. Clients with large investment portfolios are moved to private banking.

  2. Our private banking team advises families on passing their wealth to the next generation.

Common collocations

  • private banking client
  • private banker
  • private banking and wealth management
  • high-net-worth individual
  • retail bankingBanking services for individual customers, such as current accounts, savings, cards, personal loans and mortgages.
  • relationship managerA bank employee who is the main contact for a group of clients, looks after their needs and offers them the bank's products.
  • investment bankA bank that helps companies and governments raise money in capital markets and advises on deals such as mergers and acquisitions, rather than serving everyday savers.
  • securitiesFinancial assets that can be bought and sold, such as shares, bonds and bills, which give the owner rights like part ownership or a claim to repayment.

More terms: Banks & Institutions

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This page explains English vocabulary for learners. It is not financial advice.