Types of Banking
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| Types of Banking |
That the
banking services offered by banks for people represent the bulk of the
banking activity and always seeks to achieve and strengthen efforts
permitted to provide better and better banking service . Banks have
generally two types of banking services offered to individuals and
represented in the following :
1 - the local banking services :
A - the Fund's operations : These operations include all credit and debit transactions and clearing Deposit: cash deposits are deposited by the customer at the bank for a certain period
C - Drag : This is made withdrawals from current accounts
D - bank transfer : This process converts the restrictions by the Bank so that it makes a particular client's account owes a certain amount to make the customer 's account last the same amount of creditor
T - clearing : the exchange of debt securities between banks and collected and are trading in the Central Bank 's clearing house
K - accepting deposits : is an agreement between the banks and the depositor
2 - Foreign Banking
A - documentary dependence : is the best way to implement the contracts, issued in the form of a letter issued by the Bank at the request of a customer
B - Commercial paper : intended to prove the obligation to pay the amounts and common cryptographic is to give the debtor a specific deadline to repay the debt .
C - Securities : The mainly in stocks and bonds
Stages of the development of banking services
It is possible to summarize the evolution of banking services as follows:
First: the diversity of activities and banking services
The banking services are no longer limited only to the deposit and lending operations and associated banking activities , it can be summarized as follows.
1. Buy or create and manage companies , industrial and commercial , agricultural and service
2. The establishment of many branches of the parent bank , which provides banking services
3. Log banks in the insurance industry through the provision of all services through computers
4. Provide banks are now a lot of banking services to individuals , such as: loans, pay the rent, give a credit card ..
5 - provide all the services for travel and tourism
6 - provide all the investment and economic feasibility study
7 - dealing in all types of currency
8 - provide all the services to the computer and information systems
9 - the organization and management of all relation to the provision and payment of pensions
Second: the large expansion in the use of banking technology
Of the most important advances in the provision of banking services in a major expansion in the use of computers and this is what led to the speed in the delivery of services and reduce the burden of bureaucracy and save time for both customers and employees
Third: growth through merger
To achieve the goals of growth and expansion, used by some of the largest private banks in developed countries to integrate with each other to form groups bank offers a series of integrated banking services
Fourth: The Internationalization
Banks are moving at the moment to internationalize their activities any invasion or transmission of banking services outside the boundaries of the mother country
Fifth: organizational development and administrative
There is no doubt that the expansion and diversification in the use of IT service delivery and performance of banking activities at home or abroad, not necessarily require a high degree of coping and adaptation in the administrative and organizational structure of banks , in addition to banking operations management techniques
1 - the local banking services :
A - the Fund's operations : These operations include all credit and debit transactions and clearing Deposit: cash deposits are deposited by the customer at the bank for a certain period
C - Drag : This is made withdrawals from current accounts
D - bank transfer : This process converts the restrictions by the Bank so that it makes a particular client's account owes a certain amount to make the customer 's account last the same amount of creditor
T - clearing : the exchange of debt securities between banks and collected and are trading in the Central Bank 's clearing house
K - accepting deposits : is an agreement between the banks and the depositor
2 - Foreign Banking
A - documentary dependence : is the best way to implement the contracts, issued in the form of a letter issued by the Bank at the request of a customer
B - Commercial paper : intended to prove the obligation to pay the amounts and common cryptographic is to give the debtor a specific deadline to repay the debt .
C - Securities : The mainly in stocks and bonds
Stages of the development of banking services
It is possible to summarize the evolution of banking services as follows:
First: the diversity of activities and banking services
The banking services are no longer limited only to the deposit and lending operations and associated banking activities , it can be summarized as follows.
1. Buy or create and manage companies , industrial and commercial , agricultural and service
2. The establishment of many branches of the parent bank , which provides banking services
3. Log banks in the insurance industry through the provision of all services through computers
4. Provide banks are now a lot of banking services to individuals , such as: loans, pay the rent, give a credit card ..
5 - provide all the services for travel and tourism
6 - provide all the investment and economic feasibility study
7 - dealing in all types of currency
8 - provide all the services to the computer and information systems
9 - the organization and management of all relation to the provision and payment of pensions
Second: the large expansion in the use of banking technology
Of the most important advances in the provision of banking services in a major expansion in the use of computers and this is what led to the speed in the delivery of services and reduce the burden of bureaucracy and save time for both customers and employees
Third: growth through merger
To achieve the goals of growth and expansion, used by some of the largest private banks in developed countries to integrate with each other to form groups bank offers a series of integrated banking services
Fourth: The Internationalization
Banks are moving at the moment to internationalize their activities any invasion or transmission of banking services outside the boundaries of the mother country
Fifth: organizational development and administrative
There is no doubt that the expansion and diversification in the use of IT service delivery and performance of banking activities at home or abroad, not necessarily require a high degree of coping and adaptation in the administrative and organizational structure of banks , in addition to banking operations management techniques
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