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commercial bank
(redirected from Commercial banking)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

commercial bank

Bank that makes loans to businesses, consumers, and nonbusiness institutions. Early commercial banks were limited to accepting deposits of money or valuables for safekeeping and verifying coinage or exchanging one jurisdiction's coins for another's. By the 17th century most of the essentials of modern banking, including foreign exchange, the payment of interest, and the granting of loans, were in place. It became common for individuals and firms to exchange funds through bankers with a written draft, the precursor to the modern check. Because a commercial bank is required to hold only a fraction of its deposits as cash reserves, it can use some of the money deposited by its customers to extend loans. Commercial banks also offer a range of other services, including savings accounts, safe-deposit boxes, and trust services. See also bank; central bank; investment bank; savings bank.



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Prime Minister Najib Abdul Razak, who is also the finance minister, had in April announced that the government would award two new commercial banking licenses to foreign banks this year and three in 2011 as part of the government's liberalization of the financial sector to attract more foreign investment.
Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced Friday.
com/research/b00c7e/sri_lanka_commerci) has announced the addition of the "Sri Lanka Commercial Banking Report Q4 2009" report to their offering.
 
 
 
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