A commercial bank is a type of financial institution that accepts deposits, provides account checking services, creates various loans and Provides general financial services such as certificates, deposits and savings accounts to individuals and small businesses. Commercial banks make money by providing loans and earning interest through the loans themselves. Commercial banks can offer different types of loans, including car loans, business loans, cash and Personal loan.


What are the roles of commercial banks?


1. Accept deposits: Commercial banks accept public deposits and create accounts for their customers, such as savings accounts. .


2. Loans: Commercial banks provide loans to the public, small and large businesses in the form of cash. Hold their customers. The main source of income for commercial banks is through the interest of each borrower.


3. Payment: Commercial banks facilitate many payments, such as paying taxes, paying for purchases. And services such as providing customers with checks, supply, electronic payment systems.


4. Agents: Banks act as agents that provide payment services on behalf of their customers, which may include payment services. Depreciate car or house, pay for life insurance or accommodation.


5. General Consumer Services: For general services for which commercial banks have a role such as debit and credit card issuance And there is a place (Vault or Locker) to store property and money to its customers as well.


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