EGERTON COLLEGE OR UNIVERSITY TOWN CAMPUS
FACULTY OF COMMERCE
OFFICE OF ACCOUNTING, FINANCE & MANAGEMENT TECHNOLOGY
NAME: OCHIENG JARED OPONDO
REG ZERO: C12/60275/09
STUDY COURSE: BCOM 330; Financial Institutions and markets
PROCESS: TERM CONVENTIONAL PAPER
TITLE: BUSINESS BANKING IN KENYA
PROVIDED TO: MRS. BOSIRE MARTHA
PRESENTED ON: 19TH Oct 2011
This term paper examines the business banking system in Kenya. In particular it focuses on the history of commercial banking institutions from an over-all perspective after that narrows down to Kenya's circumstance. It looks with the importance of industrial banks in Kenya, the roles/functions of commercial banks. After that it focuses on the regulations that govern the commercial banking institutions. Lastly it looks at the contribution of commercial financial institutions to Kenya's economy.
TABLE OF ARTICLES
Stand of contents3
A brief history and advancement commercial banks5
Importance of business banks9
Jobs of commercial banks10
Regulations of economic banks13
Contribution of commercial financial institutions to Kenya's economy14
A commercial traditional bank is a kind of financial intermediary and a kind of bank. Rasiing funds by collecting deposits from businesses and buyers via checkable deposits, financial savings deposits, and time build up. It makes loans to businesses and consumers. It also buys company bonds and government a genuine. Its major liabilities happen to be deposits and first assets will be loans and bonds.
Banks work with short term cash. Their working capital consists mainly of moneys deposited by simply customers and withdrawable simply by them on demand or perhaps on brief notice. If the bank lends such moneys for very long periods or retains them blocked in any different way, it can be unable to meet the demands of its depositors for drawback of cash, and will also be forced to get into liquidation.
Banking companies are the primary financial institutions within financial devices and are crucial as they facilitate the stream of cash between surplus units and deficit devices. Banks provide a full range of economic services, both balance-sheet orders and off-balance sheet orders. Balance-sheet orders are represented by resources, liabilities and shareholders' money while off-balance sheet orders are conditional liabilities.
The following definitions have been advanced intended for commercial banking institutions:
We. A commercial traditional bank is a economical intermediary which will collects credit rating from loan providers in the form of deposits and lends in the form of loans. A commercial traditional bank holds deposits for individuals and businesses as checking and savings accounts and records of put in of differing maturities whilst a commercial lender issues loans in the form of personal and are actually as well as loans.
2. A financial institution approved to provide a variety of financial services, which includes consumer and business loans (generally short-term), examining services, charge cards and personal savings accounts. (Business Dictionaries Copyright c 2006, 2000, 97, 1993, 1990 by Barron's Educational Series, Inc. )
THE HISTORY AND DEVELOPMENT OF BANKING
A: STANDARD CONTEXT
The invention of financial preceded that of coinage. Bank originated in Old Mesopotamia where royal castles and wats or temples provided secure places for the safe-keeping of materials and other products. Receipts came to be used for transactions not only to the original depositors but also to 3rd parties. Eventually private properties in Mesopotamia also got associated with these financial operations and laws controlling them were included in the code of Hammurabi. In Egypt too the centralization of harvests in state warehouses also triggered the development of a process of bank. Written purchases for the withdrawal of separate lots of grain...
Alpen Traditional bank Executive Brief summary [Type the author name] Gregory Carle, the Romanian country supervisor for Alpen Bank, need to decide set up bank ought…...
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