0
the sole purpose of commercial banks is to make profits
Emmanuel Ward
Eren
Its primary goal is to maximize the wealth of its shareholders by offering a wide variety
of financial goods and services to its customers such as credit cards, savings accounts,
checking accounts, etc and collect fees, payments, and interest on them to generate profit.
Wiki User
∙ 14y agorob steal and pillage
Add your answer:
Earn +20 pts
What are the primary assets and liabilities of a commercial bank?
Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.
Who starts banks?
A commercial bank is started by private investor(s), since a commercial bank's primary goal is to make profit by earning interest from loaning out money. The Federal Reserve Banks, or any other countries central banks like the Bank of England, are owned by the government and are created as a central bank to make sure the economy is healthy by controlling the money supply, regulating banks, etc.
Primary functions of commercial bank?
Accepting deposits,advances of loan ,credit creation
What is the primary goal of commercial banks?
Its primary goal is to maximize the wealth of its shareholders by offering a wide variety of financial goods and services to its customers such as credit cards, savings accounts, checking accounts, etc and collect fees, payments, and interest on them to generate profit.
Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
What is ordinary commercial bank?
ordinary commercial bank
What is the organizational structure of a commercial bank?
what are the structure of commercial bank
When was National Commercial Bank created?
National Commercial Bank was created in 1953.
What was fathers hidalgo primary goal?
Father Hidalgo's primary goal was for Mexico to be independent from Spain.
What is the primary goal of the RRI?
The primary goal of the RRI (Riverside Rehabilitation Institute) is to help their clients into progressing towards independence as their primary goal. This is achieved by supplying specialized care.
What are differences between commercial bank and non bank financial institution?
difference between non bank and commercial bank?
What are the commercial banks in Sri Lanka?
The licensed commercial banks in Sri Lanka are: Commercial Bank of Ceylon Hatton National Bank DFCC Vardhana Bank Seylan Bank Sampath Bank Amana Bank NDB Bank Union Commercial Bank Nations Trust Bank Pan Asia Banking Corporation PLC
