The bench is the term used in the field of finance and business to name, on the one hand, the set of economic actions whose mission is to carry out commercial activities, and on the other hand the word is used to designate also, in a broad and general way, set of banks and bankers engaged in financial activities.
Meanwhile, the commercial Bank is the concept that designates that financial institution that acts as an intermediary when it comes to the supply and demand of financial resources.
It should be noted that commercial banking offers various services and also passive and active operations, which are stipulated and regulated through special regulations in force in the corresponding nation.
Among other activities, the commercial bank may admit the entry into its coffers of the savings that natural persons have and also the own that legal persons or companies have and place them in checking accounts, savings banks, fixed terms, according to the arrangement and the need of the customer in question. And on the other hand, commercial banking also stands out when it comes to granting loans and credits to those who approach the bank to manage them, because they want to boost a business, buy a home, among other alternatives that drive this request.
It is worth mentioning that the admission of money is an operation considered passive, while the delivery of loans is active.
But the activity of these banks is not limited only to the activities indicated above, they also carry out other actions such as exchange foreign currencies, collect taxes and services and rent safes.
The action of commercial banking is closely controlled by the central bank of the corresponding country and there is also a particular legislation in each nation that stipulates how the behavior should be.
On the sidewalk in front of the commercial bank is investment banking , which is the institution that assists its clients in operations that occur in the capital market.
