Banking is one of those areas of public life

The operation of the modern economy of any country is impossible to imagine without an efficient banking system. Banks are different levels deep within the sphere of production and actively influence the economic and social processes. Banking is one of those areas of public life, which few can afford a complete lack of information. After the image and standard of living of each country depends significantly on the activities of banks, their reliability, ability to increase the volume of loans, deposits and other types of services offered by both individuals and businesses. Constant attention and interest in the problems of banking due to a significant role played by banks in the formation of international financial markets - foreign exchange, stock market, derivatives market, as well as the world economy as a whole. Modern banking is one of the most dynamic sectors of the economy. The technical revolution, increased competition, rapid inflation, economic crises have led to an increase in the riskiness of banking. At the present stage of development of the banking system the main task is to find practical ways to minimize risks and to obtain sufficient income to maintain depositors' funds and life support of the bank. Successful solution of this problem requires a component using many methods, techniques, methods, systems, and develop new approaches to the management of commercial bank that merged the concept of management. Category: Risks in Banking | Tags: Banking