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Business English Banks - Functions & Structure

This educational material explains the functions and structure of banks in Business English, including how banks earn money, types of fees, and different types of banks.

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Business English Banks - Functions & Structure

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  1. Výukový materiál zpracován v rámci projektu EU peníze školám Registrační číslo projektu: CZ.1.07/1.5.00/34.0208

  2. BUSINESS ENGLISH BANKS THEIR FUNCTIONS, STRUCTURE

  3. WHAT IS A BANK? • Bank is an institution that accepts deposits and make loans • Banks provide a system for an easy transfer of money from one person or company to another • Bank is an intermediary between a supplier of finances and their users

  4. How do banks earn money? • „The spread“ – the difference between the interest rate pay for deposits and interest rate they receive on the loans they make • Interest on the securities they hold • Fees for customer services

  5. Types of fees • Opening and closing an account • Running an account • Bank statements • Financial operations at the counter • Payments from your account • Consulting services • Home banking, internet banking • Withdrawals from ATM

  6. TYPES OF BANKS • Saving banks • Commercial banks • Investment banks • Mortgage banks • Credit unions • Central banks

  7. Saving banks • Are financial institutions which receive savings accounts only and pay interests to its depositors

  8. Commercial banks • Privately – owned for profit institutions • Accept demands deposits • Make commercial loans • Offer related services

  9. Investment banks • An individual or an institution that acts as an underwiter or agent for corporations and municipalities issuing securities • Do not accept deposits • Maintain broker/dealer operations • Offer advisory services to investors

  10. Mortgage banks • offer long-term loans - mortgages • financing building or buying houses or flats • lower interest to be paid

  11. Credit unions • A non-profit financial institution that is owned and operated entirely by its members • Provide financial services for their members, including saving and lending • Deposit is considered partial ownership in the credit union

  12. Central banks • Have responsibility for issuing currency • Administer monetary policy • Hold member banks´ deposits • Facilitate the nation´s banking industry

  13. Bank staff • Manager • Branch manager • Cashiers / tellers • FX tellers • Retail bankers • Loan representatives • Sales assistant

  14. Departments in a bank • Headquarters • Credit administration division • International and domestic banking operations • Treasury and accounting • Finance operations division (FX, money market) • Investment division

  15. Departments in a bank • Information services • Marketing division • Each of them can have some sub-divisions, sections or teams

  16. Použitá literatura: Bočánková, M., Hedvábná, I., Kalina, M. 2004. Anglická obchodní korespondence. Ekopress, s.r.o Dyčková, J., Neumannová, O. 1998. English for bankers. RADIX, s.r.o Henderson, D., Streitwieser, V. 2006. Business English. Grada Publishing Jones, L., Alexander, R. 2003. New International Business English. Cambridge University Press Mackenzie, I. 1995. Financial English. Language Teaching Publications Měšťan, J. 2002. Anglický obchodní dopis se vzorovými dopisy. Nakladatelství JM Písek

  17. Použitá literatura: Radice, F. 1992. English for banking. Macmillan Publishers Skuch, E. 2005. Fit for Business English - Fráze. Grada Publishing Tilley, R. 2005. Fit for Business English – Korespondence. Grada Publishing Treger A. 2008. Inside the European Union. Leda s.r.o Abbs, B., Freebairn, I., Barker, Ch., 2003. New Snapshot Pre-Intermediate, Pearson Education Limited

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