International Banking connections and

transactions

What is bank?

•A bank is a business that is based almost entirely on financial transactions.

International Banking connections

• Banking system is connected to the international system though:• the foreign ownership of most of the countries banks• the importance of international trade and its financing to the

economy• the dependence of local banks on getting funds to their lending

Electronic service eQ International Banking Connection

eQ, a powerful banking platform specifically designed to meet the needs of financial intermediary, institutional and corporate clients.

•From viewing and managing accounts to performing and authorizing payments in real time and a wide range of currencies, eQ offers complete control of transactions

Types of banking internationally

•Offshore banking•Personal banking•Corporate banking

International Bank Connections

There are some organizations that provides financial services or works internationally:

Example :NAB (national Australia bank) is a financial services organization with over 12 mln. customers.

Major financial services franchises in many countries

International Bank transaction

International Bank transaction is an agreement carried out between banks of different countries.

Bank transactions include:

Opening an accountInvestment transactionsMoney transfersCepBank (registration)Payments Bill transactionsCard transactionsLoan transactionsTax transactionsAnd others

loan

Loan is as lightly more complicated transaction in which the lender gives a single large amount of money to the borrower.

Mortgage

Mortgage is a combined loan and purchase in which a lender give a large amount of money to a borrower for the specific purpose of purchasing a very expensive item.

The End