Английский язык. Бочкарева Т.С - 5 стр.

philosophy of many banks means that they are akin to financial supermarkets, offering a
wide variety of services. However, not every bank may want to offer every kind of
financial service.
      Many banks offer a combination of wholesale and retail banking. The former
provides large-scale services to companies, government agencies and other banks. The
latter mainly provides smaller-scale services to the general public. Both types of
banking, however, have three essential functions, which are:
      - deposits
      - payments
      - credits
      These three functions are the basis of the services offered by banks. They make it
possible for banks to generate profits and to achieve their operating aims.
      Several factors have combined to make banking an international business. These
include the growth of multinational companies and of international capital markets, the
increased competition between the banks themselves, and important improvements in
communications and transportation. The major banks of the world have established
extensive international operations by acquiring banks in other countries, by extending
their own branch network abroad and by establishing correspondent relationships with
foreign banks so as to develop profitable joint operations. The operations of these major
commercial banks are dynamic and rapidly changing, and their organization is of a
global nature.

     Comprehension Questions

    1 What does a bank organization and operation depend on?
    2 What three types of banks do you know?
     3 Do central banks provide a country with a number of services?
     4 What is the aim of development banks?
    5 What is the aim of commercial banks?
    6 What does the full-service philosophy of many banks mean?
    7 How can you explain the difference between wholesale and retail banking?
    8 What three essentival functions have both types of banking?
     9 Why are these functions very important for bank operation?
     10 What factors make banking an international business?
     11 How have the major banks of the world established extensive international
operations?




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