Bill circulation in the bank
Bill circulation exists in the economic life of various countries for several centuries. During this time, considerable experience has been gained in the use of bills of exchange; there are…

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Interesting facts about the banks of the world
The more familiar word "bank" originated in Italy. The indigenous population gave usurers securities and money in the hope of their return. If the money changers went bankrupt, then they…

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new model

Currency operations of commercial banks and their role in economic development

In the conditions of transition of the economy to market relations and the development of the banking system, the development and improvement of currency operations of commercial banks is of particular importance.
It should be noted that in the world economy there is a constant overflow of money capital, where the core of financial flows is the sphere of material production and the direction of these flows is primarily affected by the state of the economy, mutual liberalization of trade between countries, etc. Continue reading

Modern ways of promoting banking services on the Internet

Modern market relations dictate their business conditions. As Bill Gates said in his book Business at the Speed ​​of Thought: “In the future, two types of companies will remain on the market: those who are online and those who have gone out of business.” This trend has affected the banking sector. A huge number of projects and programs are implemented using the World Wide Web, but despite the huge opportunities of the Internet in terms of attracting new customers, most banks either do not use these tools and methods at all, or use them insufficiently. Continue reading

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. Vysokova, Chairman of the Board of Directors of the Center-Invest Bank, “the old model of the banking business, based on the use of temporarily idle funds circulating in the settlement system, has exhausted itself”. Moreover, domestic economists consider the inevitable transition to a new model of banking business, in which the bank’s client will play a different role. Continue reading

Modern loyalty programs of commercial banks
In the modern world, it is difficult to imagine a person who would not use bank cards. Due to its advantages and wide possibilities, this means of cashless payment has…

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