banking system

Retail Banks

• Tailor their services to business clients.

• They provide a range of services such as checking, savings and current accounts, loan and mortgage.

• These manage the banking and financial needs of high net worth individuals.

• These banks also offer credit services, cash management and trade finance.

Who developed microcredit?

• Muhammad Ali

• Medici family

• Muhammad Yunus

• group of women from Bangladesh

Credit Union

characteristics:

• are

  for people,

  not for profit,

  fawer fees,

  better rates

• are

  for profit,

  more fees,

  worse rates

• are

  not for profit,

  more fees,

  worse rates

When have banks existed since?

• 14th century

• 12th century

• 16th century

• 10th century

What are basic banking services?

• checking accounts

• savings accounts

• loan services

• microcredit

savings accounts

(a)  

kredyt hipoteczny

(a)  

tax

(a)  

spłata

(a)  

Commercial Banks

• These banks also offer credit services, cash management and trade finance.

• Their clients include large corporations, other financial institutions.

• These manage the banking and financial needs of high net worth individuals.