Commercial banks & historical development

Ali Idiab Mohamed Idiab, Mohamad Sabri Haron, Shofian Ahmad

Research output: Contribution to journalArticle

Abstract

The commercial banks has development in many aspects In the practical performance of banks function, this was a limited activity in service Banks and commercial processes. Later, it came to They possess financial power and ability to create commercial loans. They possess financial power and ability to create loans. The economical union supported by banks is not restricted to a domestic sphere, but has expanded internationally as its operations enjoy fidelity and fulfilment between banking organizations in different countries. As the banking systems commercial banks had developed, they are no longer restricted to the role of being financial and service organizations, but have become money market within the public sector. Furthermore, they follow up monetary flows and banking securities, by playing the positive role of providing the organised money market with enough information about commercial activities. In addition, as a financial mediator who has adequate statistics about other economical units, besides its main role in creating successful development plans, and riskless investment. Commercial banks operations have their own characteristics, which are intensive, multiple and influential on each other. Many operations are based on trust, such as receiving large deposit, but also with many banking risks, related to its rights or the rights of others. It is also a well known fact that banks within commercial banks rarely commit major mistakes, as the consequences of these mistakes will not be restricted to the same bank, but will expand to include whole banking system. This leads to mistrust between the many parties that will increase hazards in dealings in money.

Original languageEnglish
Pages (from-to)1024-1029
Number of pages6
JournalJournal of Applied Sciences Research
Volume7
Issue number7
Publication statusPublished - 2011

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Commercial banks
Banking system
Money market
Banking
Loans
Deposits
Hazard
Mediator
Banking risk
Development plans
Statistics
Service organization
Public sector
Fidelity

Keywords

  • Definition
  • Development
  • Historical
  • Importance
  • Objective and Services of commercial Banks

ASJC Scopus subject areas

  • General

Cite this

Commercial banks & historical development. / Idiab, Ali Idiab Mohamed; Haron, Mohamad Sabri; Ahmad, Shofian.

In: Journal of Applied Sciences Research, Vol. 7, No. 7, 2011, p. 1024-1029.

Research output: Contribution to journalArticle

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