Traditional Culture Encyclopedia - Traditional stories - Do traditional banks belong to financial institutions?
Do traditional banks belong to financial institutions?
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Banks belong to financial institutions.
Financial institutions refer to financial intermediaries engaged in financial services and are part of the financial system. Financial services (banking, securities, insurance, trust, funds and other industries) correspond to this. Financial intermediaries also include banks, securities companies, insurance companies, trust and investment companies and fund management companies.
At the same time, it also points to lending institutions that issue loans to customers for capital turnover.
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