Name: Eunice Ciara E.

Fulgencio BSBA FM1

Subject: PFM103

1. ECONOMIC SIGNIFICANCE OF THE BANK

2. NATURE OF BANKING BUSINESS

3. TYPES OF BANKS
 Retail banks
 Mutual banks
 Commercial banks
 Central banks
 Credit union
 Online banks
 Investment banks
 Saving and loans

4. QUALIFICATIONS OF A BANKER

5.FUNCTIONS OF COMMERCIAL BANKS

 Acceptance of deposits
 Advancing loans
 Creation of credit
 Clearing of cheques
 Financing foreign trade
 Remittance of funds