Concept in Definition ABC

A bank is a institution financial type that, on the one hand, manages the money left in custody by its clients and, on the other hand, uses it to lend it to other individuals or companies by applying an interest , which consists of one of the various ways it has of doing business and increasing the money in its coffers.

Meanwhile, it is called "banking" or Finance system (A term so commented on and in vogue these days as a result of the bullfights and instability that occurred after the crisis that arose in the United States in 2008 and its sustained repercussion in Europe in the framework of the questioning of the "welfare state") to the set of banks that make up the economy of a specific country.

Regarding the origins of banks, since man exists as a social being who works and acquires food and goods to survive, there have been exchanges of the latter or of coins, as appropriate and according to the time, of course this. However, it will not be until approximately the 15th century that the first bank will be founded, more precisely it will be in 1406 in Genoa, Italy, baptized the Banco di San Giorgio. It is worth noting that the ancient European empires had circulation coins made mainly of noble metals, but paper money as Today we know it is one of the many Asian inventions that were made known in the West after Marco Polo's travels to the China of Mongol times.

exist two types of banking operations, passive and active. The passives, also known in the internal language as those of catchment, are those through which the bank receives or collects money directly from people and that is made real for the bank through bank deposits. These movements include operations that are carried out in a tangible or virtual way in checking accounts, savings accounts and fixed terms. The first two are characterized by their mobility, while the last must wait for the expiration date of the term to get the money. This last tool facilitates the user or client the possibility of having a certain interest on the original capital, which is usually greater depending on the time in which each individual leaves those funds under the bank's structure.

On the other hand, active or placement operations allow to locate that money that comes from the liabilities of new in circulation in the economy, through loans to individuals or companies as before we consigned. This item includes both so-called personal loans and those aimed at financing a property, known as mortgage loans.

Currently and as a consequence of the needs of this globalized society and of consumption in which we live, banks have been forced to expand their services and thus also expand their income. They sell foreign currencies, trade stocks, bonds, offer credit cards with important benefits and prizes to those who consume the most, among others.. Likewise, they have diversified their work within the framework of the complex modern financial system, for which reason the bank client can participate in some operations previously reserved for specialists. Among these alternatives, mutual funds and stock market operations stand out, recommended for private clients looking to bear the cost of increased financial risk with the possibility of achieve
higher revenue.

In addition, the activities of banks Modern have reached the digital plane. On the sidelines of innovation represented by ATMs and self-service terminals in past decades, electronic banking systems (homebanking) have become resources that allow users to save time and avoid delays arising from the multiple tasks performed by employees of these institutions. Through digital platforms, customers from all over the world can carry out transactions, work with their accounts, buy foreign currency, renew or modify your fixed-term operations, transfer funds, pay taxes and services and perform various tasks from the simple scope of a computer home connected to the Internet.