Home > Posts > Economics > Banking Services All About hem and Their Types

Banking Services All About hem and Their Types

Banking services are defined as a set of economic matters carried out by some companies and financial institutions for the management and investment of funds. Examples include banks such as banks, insurance companies, and finance companies, which have been widely spread due to the successes achieved in this field. In a particular context, it interacted strongly with government services and was allowed to integrate.

Banking Services Types

Banks

the Bank, in general, is an institution that provides financial services in the form of direct financial lending to customers or indirectly, and the financial rights are preserved through official documents and checks or a certain mortgage signed by all parties, and the banking process includes many things Sub-branching, including:

  • Save financial and other deposits.
  • Providing loan services.
  • Provide remittance and money transfer services.
  • Providing online viewing and operation of customer bank accounts.
  • Accept customer deposits and provide them with facilities.
  • Providing prepaid bank checks in the customer’s balance.
  • Facilitate cash withdrawal procedures through current accounts.
  • Providing financial services and transactions through ATMs and branches.

Currency exchange services

  • Currency exchange, where customers buy and sell the foreign currency they need.
  • Receiving foreign currencies in all banking transactions.
  • Remittances, where this service offers the customer the possibility to transfer funds to banks outside or inside the country.

Investment Services

The Bank is here as an investment adviser accredited by many companies and institutions for the success of its financial and commercial movements and also manages financial transactions for many private and government companies.

Insurance

This includes many things, notably property insurance for individuals or large companies against accidents. Insurance can also be sold to insurance companies to protect them from losses.

Competition among banks around the world has increased in the provision of facilities and services to customers, not only banking operations in particular, which have a return on money or precious metals, or securities, but also branched into the management of cash portfolios and the launch of insurance products, real estate, management consulting and many others.

The Role of BankingĀ  Services

Investment banks use investment bankers who help companies, governments and other groups to plan and manage large projects, saving client time and money by identifying risks associated with the project before the client moves forward. In theory, investment bankers are experts in their field, so companies and institutions Turn to investment banks for advice on how best to plan their development, where investment banks can adapt their recommendations to the current state of economic affairs.

Essentially, investment banks act as intermediaries between the company and investors when the company wants to issue shares or bonds. The investment bank assists in pricing financial instruments to maximize revenue and comply with regulatory requirements. Often, when the company owns an IPO, the investment bank will buy all or most of the company’s shares directly from the company, and later, as an alternative to the holding company for the IPO, the investment bank will sell the shares in the market. This makes things much easier for the company itself, as it contracts formally from the IPO to the investment bank.

Moreover, investment banks stand to create profit, as they generally set the price of shares to raise the price from the price paid first, so, as they take a quantity of risk, therefore, experienced analysts use their own experts to determine the price accurately. An investment bank could lose money in a transaction if it turned into overvalued shares, and in such a case, they would sell the shares for less than the initial price paid.

Moreover, an investment bank would make a profit, as it would generally sell its shares at a price from the price it initially paid, and in doing so, it also takes a great deal of risk, although experienced analysts use their expertise accurately in the stock price. As best they can, the investment bank can lose money in the deal if it turns out that they have outstripped the value of the stock, as in this case, they will often have to sell the stock below the price they initially paid for it.

error: Content is protected !!