A lot of countries have government-owned banks.
Sounds like a good idea!
Will there be a difference between state-owned banks and company-owned banks besides money?
State-owned banks are more consumer-oriented than private for-profit banks and have more branches, especially in rural and low socioeconomic areas and charge lower fees.
State banks contribute to government coffers when profitable.
The Government would bank with the state bank giving it funds and scale, and the Government would benefit by receiving higher returns.
How 'bout having co-op banks too?