Bank credit

A bank loan is a disbursement of funds by a financial institution, which the borrower undertakes to repay on time with interest. The loan is given not only to individuals, but also to companies and entrepreneurs. Its purpose is to support the financial situation or to provide funds for development. The interest rate is set […]

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Basics of credit policy of banks

Credit policy is what characterizes a bank, its priorities and, ultimately, its products. It acts as the backbone on which marketing, technical, servicing and other processes are based. It is the credit policy that creates the image of a financial institution. This is how it works. First we set work vectors, then they are implemented, […]

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About the banking system

Banking system

The banking system is a set of participants in the monetary market, performing banking operations and operating within the general financial mechanism. The participants mean:1) The central bank, which is the center of the banking system, conducts the state emission and currency policy.2) Existing banks, both commercial and specialized.3) Credit institutions.4) Individual economic organizations.5) As […]

Loans and credit cards

Credit has been a big part of American life for a long time now. It is very convenient to use credit products for various needs. All thanks to an uncomplicated procedure of obtaining and low interest rates. But a foreigner will have to spend some time and put some effort to get his first American […]

Opening accounts and receiving bank cards

The easiest and most common service for which people turn to banks is to open all types of bank accounts and obtain debit cards. Opening an account and using it is the first step in establishing a relationship with a financial institution, which can later make it easier to obtain a loan or credit card. […]