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Unit 1. Banking - Coggle Diagram
Unit 1. Banking
Types of bank
Retail Bank: offer ordinary customer the full range of finalcial services: credit card, debit card, mortgage, insurance
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Building society: are saving banks or mutuals or mortgage banks where every customer who has an account in an owner and member of the society
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Internet Bank: have no branches and only exist on the internet( offfer banking services to individuals only on the internet)
Commericial Bank: provide services for small or medium sized business( leasing, factoring, cash account management
Types of loans
Consumer loans: are loans lent to individuals for personal, family purposes. Banks lend money to poor students to cover their daily expenses
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Unsecured: are issued based on the creditworthiness of the borrower and do not require any collateral
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Products & services
access to a full range of services in global financial ,makets, providing debt finanncing, risk management, and investment services.
current accounts, savings, and invesments, plus unsecured personal loans, mortgages, and insurance
portfolio management,
tax plan ni ng, and stockbroking.