PT Bank Sinarmas Tbk KCP Kisaran

Bank (Indonesian pronunciation: [bang]) is a financial intermediary institution generally established with the authority to receive deposits of money, lend money, and issue promissory notes or banknotes. [1] The word bank comes from the Italian word banca means a money changer [2]. Whereas according to banking law [3] a bank is a business entity that collects funds from the public in the form of savings and distributes it to the community in the form of credit and or other forms in order to improve the standard of living of the people. [4]

History records the origin of the recognition of banking activities in the days of ancient kingdoms in mainland Europe. Then this banking business developed into West Asia by traders. The development of banking in Asia, Africa and America was brought about by the Europeans during their colonization of their colonies in Asia, Africa and the Americas. If traced, the history of banking was known starting from money exchange services. [Citation needed] So that in banking history, the meaning of bank was known as a table where money was exchanged.