Financial intermediary that accepts deposits at sight and term, and generally offers services such as check clearing, loans to individuals and companies (including mortgages), credit cards, payroll and invoice domiciliation, bill discounting, and foreign trade operations. It can also engage in capital operations. The commercial bank can have many branches and can be directed at the consumer or specialize in wholesale banking for large companies.
« Back to Glossary IndexCommercial bank
« Back to Glossary Index