Banks are essential institutions for the maintenance of trade (commercial activities), because in

addition to offering financial services, they facilitate payment transactions and offer personal credit,
helping in the development of national and international trade.

What are the roles at the bank?

The banker is responsible for various tasks related to the management of bank accounts and
customer service. A bank clerk's work is primarily administrative and involves tasks such as taking
deposits, making payments, making bank transfers and extending loans.

Banks manage to make profits through interest and fees charged for transactions carried out.
Examples: Account maintenance fee, loan interest, DOC fees, etc.

History of Banks
There are reports of financial systems from antiquity, where the Phoenician peoples already used
several different ways of making payments, such as credit documents.

However, it was in the 17th century that banks established themselves, with the launch of paper
money (paper money) by the Bank of Stockholm.
At this time, several European countries tried to produce their own currency.

Other banks suffered from the XIX type, when economic progress, provoked by the Industrial
Revolution, helped to create the industrial bank, whose function was to mobilize high amounts
(large sums) of money to aid industrial development.

Today, banks are regulated by the Central Bank of each country, the Central Bank has the function
of issuing money, raising financial resources and regulating commercial and industrial banks. Thus,
they set rules and control the general financial system of each country.

In addition, today there are so-called international banks that grant loans to central banks in needy
countries and help in the development of several countries (Bird - Inter-American Bank for
Reconstruction and Development).

The existence of a banking and financial system in a society is fundamental for the regular
functioning of the economy. Banks therefore play a critical role in the economic development of
any country.

The main function of banks is to attract resources, through their customers' deposits or savings, and
to transform and subsequently make these resources available, through loans/credits, to customers
who were looking to buy houses, invest in a company, pay children's college, etc.

Thus, the main functions of banks are:

Manage deposits (current accounts or savings deposits applied by customers);

Perform transactions (receipts, payments, transfers, checks);
Granting credit (individuals, companies, State)
Promote savings;
Promote investment and economic development;
Promote a modern and secure payment system.
Banks that carry out their activity within the scope of these functions are called “commercial banks”
or “bank banks”, since they have a network of branches spread across the country – and
academic/digital communication channels – serving their private customers and companies.

In their role of raising funds and granting credit, banks facilitate connections and transactions
between different economic agents.

How is this processed?

People or entities that have savings or liquidity surpluses turn to the bank to invest these resources.
The bank, in turn, channels these resources to the economic agents they have captured. That is,
entities or people without savings to meet their expenses or without liquidity for their investments
will be able to count on the availability of these funds through the bank.

Those who deliver their savings to the bank are remunerated financially (deposit). In turn, those
who go to the bank to borrow funds will pay the cost of this use (credit). The difference between the
remuneration that the bank pays its client for the deposit and the remuneration that the bank obtains
from the client in the credit is the financial margin which, although not essential, represents the
benefit of the bank.
The word “bank” is of Germanic origin and refers to commercial financial institutions. However,
some people claim that it came from the French word “Banqui” and “Banca”. The history of banks
is intertwined with that of the environment of the bourgeoisie. This is because with the fall of
feudalism, bank owners expected to receive pieces of land as a result of debts from feudal lords,
which later resulted in the creation of the bourgeoisie.

How did you find out about banks?

There were no words like "banking" before 1640, although the practice of saving money flourished
in the 2000s BC. The first commercial financial institution was called the “Bank of Venice”, being
established in Venice, Italy, in 1157, to finance monarchs in their wars. Commercial activities were
consolidated at the end of the Middle Ages, when the banker's role also became important. Besides
being something increasingly common.
At the popular fairs they held in Central Europe, bankers were responsible for managing
commercial transactions. They evaluated the trustworthiness and

quality of the gold coins that were given in exchange for products. Of course they took a percentage
of the total amount to do this service.

However, the possibility of multiplying money and creating loans came a little later, when bankers
realized that people did not always withdraw all the money deposited.

At this time, the idea of lending money on payment of interest arose. So the banks grew and got
rich. European banks, for example, born in the 15th century, originated in the business of banking
families.

What do banks do?

Banks are very important to the economy. The main function of these institutions is to use the
money of their account holders, lending it to others who can use it to buy houses, businesses, send
children to college and finance cars.

When you deposit your money in the bank, in a large amount, along with everyone else's, your
account is credited with the amount of your deposit. When you write checks or make withdrawals,
this amount is deducted from your account balance. The interest you earn on your balance is also
added to your account. Banks create money in the economy by making loans.

What are commercial banks?

Commercial banks are appreciated as financial institutions that provide resource supply services,
meeting the demand for credit from resource borrowers and the investment prospects of saving
agents. In most cases, I do short-term.

The World Bank is an international organization that provides loans especially to developing
nations. The main objective of the World Bank is to contribute to the economic and social
development of its member countries. This organization has 189 members and is headquartered in
the United States.

The creation of the World Bank, as well as the International Monetary Fund (IMF), is directly
associated with the process of economic and structural reconstruction established in the world after
the Second World War. The World Bank is made up of five major bodies that operate to achieve
their psychological goals. It works through share capital shares between member countries.

Summary about the World Bank

The World Bank is a global financial institution that offers loans on advantageous terms, especially
for developing nations.

The main objective of the World Bank is to contribute with projects and structures that promote the
economic and global development of countries.
The creation of the World Bank took place in a historical context of great economic difficulty due to
the end of the Second World War (1939-1945).

The World Bank has 189 member countries that participate in a corporate manner in the decisions
taken by the organization.

The World Bank is structured through the provision of development projects and programs by five
major bodies.

The functioning of the World Bank occurs according to the contribution of each nation to its
financing.

The World Bank works specifically in the development of projects of economic and social interest,
in sectors such as health, education and food.

Secundary School chingodzi

Summary:the fuctions and importante of Banks

work of inglish

grad-Bf
Names:Rafael …...............№78
Sônia....................№89
Tito.......................№92
Tony......................№93
Vanessa................№94
Venânaio..............№95
Vitória.................№96
zinaido................№98

date:2/06/2023

Introduction
This present work talks about the role and importance of banks and I look
forward to the following:
Banks are essential institutions for the maintenance of trade (commercial activities), because in
addition to offering financial services, they facilitate payment transactions and offer personal credit,
helping in the development of national and international trade.
 Index
What are the roles at the bank............................(1)

History of Banks.......................................(2)

How did you find out about banks?...............(3)

 Conclusion
we finally concluded our work and it was very good to learn about the function and importance of
banks, and we thank the professor for giving us the topic, it increases our knowledge day by day.
Bibliograph

Banks - What is the function of Banks? - Brazil School – UOL

worldofbanks.com
https://mundodosbancos.com › im...
The importance of banks to society - World of Banks

bportugal.pt
https://www.bportugal.pt › page
Mission and functions - Banco de Portugal
Development