Brokerage operations of banks in their accounting
The securities market is similar to the market of any other commodity, but it also has its own characteristics, which are determined by the specifics of the commodity, the method…

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Formation of approaches to the functioning of the bank in the context of sustainable development
The world community is unanimous about the need to make changes in the functioning of banks and an understanding of their role in the financial market. So, according to V.V.…

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Monthly Archives: November 2018

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WPS salary protection system. How to open an account in the UAE and WPS?

When opening a corporate account in the UAE, the bank also provides access to salary payments through the WPS system. In this article we will look at what WPS is and how it works.
What is WPS and how does it relate to opening a bank account in the UAE?
The Wages Protection System (WPS) is an electronic salary transfer system that allows organizations to pay salaries to employees through banks, bureaus and financial institutions approved and authorized to provide this service. Continue reading

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Interesting facts about the banking system
The Bank is an organization providing financial services to the public. This is its main purpose. Today, the number of branches is more than enough in any large city, and…

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