Commercial banking is defined as the companies in charge of offering numerous clients the services and monetary operations approved by national laws. The main role of commercial banks is to serve as intermediary agencies in the money transfer process between the supply and demand for assets owned by an individual; These banks have savings accounts where a person can store their money constantly, as well as provide opportunities to lend money through bank loans, while the approval of loans of an amount to be fixed on charging interest would be an action ” active”.
The work methodology of commercial banks is directly subject to the statutes or laws established by each nation, just as these are governed by the regulations imposed by the central bank of each country; All the functions of a commercial bank include exchanging international currencies for national currencies, collecting taxes and renting a safe for those who handle large sums of money. Just as the possible means of payment offered by the aforementioned bank cannot be omitted, such as: the issuance of checks, debit or credit cards, so that the client does not have to carry large sums of money, thus offering monetary security measures .
The acquisition of a commercial bank translates into having a stable company, there are few occasions when a bank suffers losses, this is due to its work methodology and the way in which money constantly enters these institutions.
It is worth mentioning that commercial banking is not a modern practice, these institutions have undergone constant changes over the years; It is also important to recognize that, through commercial banking, the economy that develops in a nation is perceptible; This is because they work directly to finance and collect part of the money that circulates through the country.
Multiple Banking
Bank
Investment
