Bank Organisation

Bank Organisation

         The word bank back its origins to the ancient Roman Empire, where lenders arming their offices in the middle of Macello called walled gardens on a long bench called bancu, whence the word bank, as the merchants of the money changers did not invest money bancu they simply change their foreign currency to the only legal tender in Rome.
And now they are called:

 

COMMERCIAL BANKS

        Commercial banks or commercial credit, also known worldwide under the name of Deposit and Discount Bank, are characterized by the fact that its main passive operation is to receive public deposits, deposits that can be on demand or within less (up to 30 days), whereas its main active operation is granting loans term ranging from one to three years, either with personal guarantees or collateral, except that where the term exceeds one year. The guarantee will necessarily have to be real and not personal.

         In addition to granting loans, commercial banks may discount bills and notes with a maturity not exceeding one year, may make other types of investments such as those relating to money transactions, issuing letters of credit with terms not exceeding a year: purchase of securities or both domestic and foreign, although the latter requires prior authorization from the Monetary Board by the fact that foreign currency transactions in a position to influence change. They can also perform all the passive undifferentiated enters excepting the bond of any kind as well as collecting savings deposits.

      In each bank has its own organitasion  there are some diferences in the names of the areas or departments but there is a basic common structure.

       In each of these  divisions there is a person who has the  the maximun authority  is responsible for their specific areas.

called the (CEO) chief executive officer.