Bank definition:Is an Italian word and the corresponding Arabic word bank and broken Alra Bank taken from the exchange and are intended to place that is in the process of exchange
As those established by the foundation to accept deposits, whether individuals or institutions and bodies of different types and forms, and then use it and invest these deposits in different ways to achieve the return of profit and the desired profit.
The emergence of banks and development banks
Is the emergence and the beginning of banking to eras and times are very old, but they belong to a group of civilizations and nations previous notes Dr. strange beauty that there is evidence that the banking activity has diabetes in the era of the Sumerians in Iraq, ie, it extends to nearly 430 centuries ago Birth, and as continued piece throughout the ages and times until the early century atheist twenty, which is the beginning of the actual emergence of modern banks, where they were Created Bank Venice year 701 AH 1587 m, while in Saudi Arabia, the banking activity concept interview did not begin until the start of the second half
Types of banks:
1 - Central bank: a state bank and advisor, the owner of the power to issue currency, the central bank to supervise the banks monitor their work to ensure compliance with the laws and regulations in this area.
2 - Commercial Banks: The commercial banks every facility you accept deposits that are payable on demand or after the order, according to the agreement with the applicant. This bank is an important and essential element in the national economy of any country. Function energetic performance of the bank, namely the ability to create money, and also to take advantage of the combined funds to re-invest in different forms in any field.
3 - specialized banks: These are facilities and specialized financial institutions to meet the needs of some economic sectors of the funds, and their principal to finance some sectors with the necessary funds. Examples (Real Estate Development Fund and Agricultural Credit Bank, Investment Fund)