Bankovníctvo

Bankovníctvo refers to the system of financial institutions that accept deposits and make loans. This includes commercial banks, credit unions, and savings and loan associations. Banks play a crucial role in the economy by facilitating the flow of money, providing capital for businesses, and offering various financial services to individuals and organizations.

The primary functions of banks include accepting deposits, which are funds entrusted to the bank by customers, and offering checking and savings accounts. They also provide loans, which are funds lent out to individuals or businesses for various purposes, such as mortgages, car loans, or business expansion. Banks generate revenue through the interest charged on loans and fees for services.

Beyond these core functions, banks offer a wide range of other services. These can include foreign exchange, investment services, wealth management, and the issuance of credit and debit cards. Banks are highly regulated to ensure the stability of the financial system and protect depositors' funds. This regulation often involves capital requirements, reserve ratios, and oversight by central banks or other financial authorities. The evolution of banking has seen significant technological advancements, leading to the rise of online banking, mobile banking, and digital payment systems.