👉 In banking and finance, a "subbank" is a branch of a larger bank or financial institution that provides specialized services to its customers. Subbanks are often located in remote areas where access to traditional banks may be difficult or even nonexistent. Subbanks can offer a range of services beyond the typical banking needs such as credit cards, loans, and insurance. They are typically set up to provide more personalized customer service and support, which can be particularly useful for individuals who need specialized financial advice or assistance
