Solutions for developing e banking services at agribank tay do branch
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Solutions for developing e banking services at agribank tay do branch
CHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch commercial banks are proposed depend on the development history of the banking system and researching aspects.Based on types of services that commercial banks provide, Prof Peter s. Rose defines: “Commercial banks is a type of financial institution that provides the most diverse list of financial se Solutions for developing e banking services at agribank tay do branch rvices, especially credit, savings, payment services and performs larger range of financial functions than any other business organizations in the ecoSolutions for developing e banking services at agribank tay do branch
nomy." (Peter S.Rose (2004), Commercial Bonk Management (Translation), Financial Publishing House. Hanoi).In terms of main activities of commercial baCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch rading in monetary field with the regular operation is receiving deposits in many different forms, and using this amount of money for credit, provide payment services to economic entities aming at profit.” (Associate Prof. PhD Tram Thi Xuan Huong, M.Sc Hoang Thi Minh Ngoc. (2013). Commercial banking Solutions for developing e banking services at agribank tay do branch textbook, Ho Chi Minh University of Economics, Economic Publishing House).Within the scope of this thesis, the author uses the definition which is exSolutions for developing e banking services at agribank tay do branch
tracted from Commercial banking textbook of Ho Chi Minh University of Economics, and this definition is used throughout the thesis because of its highCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch ng for lending. This proves that one of the important function of a commercial bank is acting as a credit intermediary, that is, on the one hand, the bank will mobilize idle money on all subjects in society from businesses, organizations, households, individuals,...on theother hand, the bank will us Solutions for developing e banking services at agribank tay do branch e this borrowed capital to relend to entities that need additional capital. By this way, commercial banks will be the bridge between the temporary capSolutions for developing e banking services at agribank tay do branch
ital-deficient entities who need to borrow, thereby creating benefits for all three parties: depositors, banks and borrowers. Commercial banks will maCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch xistence and development of the bank.Figure 1.1. Capital flows ill commercial banks(Source: Summarized by author)Through the credit intermediaries, commercial banks contribute to the utility of all participants and the general benefits of the economy.For depositors: they gain the benefit from the te Solutions for developing e banking services at agribank tay do branch mporarily idle capital in the form of deposit interest that the bank pays them. Moreover, the bank guarantees them the safety of deposits and providesSolutions for developing e banking services at agribank tay do branch
convenient payment services.For borrowers: they will be satisfied the capital needs for business, spending, payment without incurring a lot of expensCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch his function plays an important role in promoting economic growth.b.Payment intermediariesA commercial bank is acting as a payment intermediary when it performs the payment required by customers such as deucting money from their deposit account to pay for goods and services or entering customers’acc Solutions for developing e banking services at agribank tay do branch ount to collect sales andother revenues according to their commands. In here, commercial banks play the role of “treasurer” for businesses and individSolutions for developing e banking services at agribank tay do branch
uals because they hold their accounts.Commercial banks perform payment intermediaries on the basis of performing credit intermediaries. Because througCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch make payment via the bank, place the bank in the intermediary' of payment. Besides, the direct cash payment among economic entities has many limitations like risks in money transportation, large payment costs, especially for remote customers, and this created demand for customers to make payment tra Solutions for developing e banking services at agribank tay do branch nsactions via banks.c.Representative money creationRepresentative money is a non-material currency, essentially just numbers on a bank account which aSolutions for developing e banking services at agribank tay do branch
re created through the credit activities of the commercial banking system. This currency type can be easily converted to cash, has the same function aCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch hrough the credit and payment activities within the banking system, in close relationship with each country’s Central Banking system. It is the ability to turn the initial deposit level at the first bank received deposit into a large amount of money when performing multiple credit payment transactio Solutions for developing e banking services at agribank tay do branch ns through many banks. Commercial banks make the representative money from the Central Bank. If there are no constraints, the ability to make represenSolutions for developing e banking services at agribank tay do branch
tative money is unlimited. However, under the control of the Central Bank, commercial banks only create representative money within certain limits.d.ICHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch Bank in all aspects. In particular, commercial banks must always obej' the regulations of the Central Bank on the implementation of monetary policy to stabilize the value of money, make the amount of money supply in the economy must match the needs of society. To do this, the attraction of domestic Solutions for developing e banking services at agribank tay do branch and foreign capital through commercial banks must be used for the rightpurposes and requirements of the economy. Credit generated from commercial bankSolutions for developing e banking services at agribank tay do branch
s must be effective on the basis of lending to expend production, develop trading, create jobs for workers and contribute to the implementation of socCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch es for commercial banks, playing an important role and affecting the quality of bank operations. This is the first basic operation of a commercial bank. Commercial banks mobilize capital in many different forms, specifically:Mobilizing capital from deposits of residences, including demand deposits, Solutions for developing e banking services at agribank tay do branch term deposits and saving deposits.+ Demand deposits is a type of money deposited by a customer in a bank without prior agreement on the withdrawal timSolutions for developing e banking services at agribank tay do branch
e. The bank has to pay only a low interest rate or may not have to pay interest on this deposit, because demand deposits of customers are very volatilCHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of c Solutions for developing e banking services at agribank tay do branch ents when customers demand it intermediately.The bank needs to take advantage of this deposit type as its business capital because of the difference of input and output deposits between customers’ accounts in the process of capital flows, therefore, the bank can earn from these differences. Solutions for developing e banking services at agribank tay do branch CHAPTER 1: L1TERATVREREYIEW Qf ELECTRONIC BANKINGSERVICES1.1.Overview of commercial banks1.1.1.Definition of commercial banksToday, many concepts of cGọi ngay
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