BIAT

Bank Definition The Bank is an institution approved by government authorities to accept deposits, pay checks, provide miscellaneous loans to individuals and enterprises, and participate as intermediaries in transactions and financial services. [1] The Bank is defined as an organization that provides individuals and institutions (2) Another option for the bank is that it is a financial institution with a legal license that allows it to provide loans, receive deposits, and provide money services such as currency exchange, wealth management, The origin of the banks The historical sources indicate that the origins of the banks date back to the Babylonian era. It is believed that the oldest historical bank was founded in the city of Sibar near the Euphrates River, and there is another view that the existence of banks dates back to the Greek era; The first form of these banks was the exchange shops that dealt with the purchase and sale of currencies. The first commercial bank was founded in 1517 in Venice, and later a bank was established in Amsterdam. In 1609 AD, and then spread To banks in all countries of the world. [4] Since the 18th century, the number of banks gradually increased, and in the nineteenth century with the advent of the industrial revolution in Europe; this led to the entry into the era of production, which required a lot of money, The existence of banks similar to the shareholding companies, which spread its business greatly, which led to the opening of branches, and the period saw the emergence of banks specializing in industrial credits, agricultural and real estate. [4] During the twentieth century, the banks have many challenges, characterized by the development and renewal of business Which appeared in many areas Such as the emergence of modern technological innovations, their use in providing banking services, the provision of modern products associated with developments in the financial market, and the reliance on electronic means to develop banking methods. [4] Types of banks The development of banks has contributed to the emergence The banks can be summarized according to the following: [5] Central banks: also known as issuing banks; they are banks that are interested in providing the banks with a variety of types of banking. Egyptian services And the central bank is the basis of the banking system. It differs from other banks, namely commercial banks, whose main objective is not to make maximum profits but to provide services to the general economic environment. One of the most important functions of the central banks is to issue money either paper or And the main banks and supervisors of all commercial banks; so the central bank was renamed the Bank of Banks. Commercial banks are also known as deposit banks; they are credit institutions that are interested in obtaining individual deposits, in exchange for the ability to withdraw them when they are required. Therefore, these banks deal with short-term credits. The banking institution can not be considered a commercial bank And withdrawal of financial deposits. These banks also deal with all financial assets only, such as securities, loans, and do not use any kind of real assets. Investment banks: Banks are characterized by their operations to build or develop fixed capital, such as real estate, factories and agricultural land. Their operations are therefore based on non-withdrawable funds, time deposits and borrowing from others during a given period of time, , But the difference between them is the bank's attempt to borrow and attract deposits from individuals and institutions and link them with the granting of interest, while time deposits are dependent on applicants seeking to invest their money in these banks; in order to get the benefits