Kommertspankas

Kommertspankas, also known as commercial banks, are financial institutions that offer a wide range of services to individuals and businesses. These services typically include accepting deposits, providing loans, processing payments, and offering investment and insurance products. Commercial banks play a crucial role in the economy by facilitating the flow of money, enabling businesses to invest and expand, and helping individuals manage their personal finances.

The primary function of a commercial bank is to act as an intermediary between savers and borrowers. They gather funds from depositors who wish to save money, and then lend these funds to individuals and businesses who need capital for various purposes, such as purchasing a home, starting a business, or financing operations. This lending activity is a key source of revenue for commercial banks, as they earn interest on the loans they provide.

Beyond deposits and loans, commercial banks offer a suite of other essential financial services. These include checking and savings accounts, money market accounts, certificates of deposit (CDs), and various types of loans like mortgages, auto loans, and business loans. They also facilitate transactions through services like debit and credit cards, electronic fund transfers, and wire transfers. Many commercial banks also provide wealth management, foreign exchange, and advisory services, catering to a broad spectrum of financial needs. The regulation and oversight of commercial banks are typically handled by government agencies to ensure financial stability and protect consumers.