What kind of bank is Yunnan Fudian Bank

Fudian Bank belongs to the city commercial bank (Kunming), founded on December 30, 2007, city commercial banks generally only serve local customers or small and medium-sized enterprises, the scope of business is smaller.

Fudian Bank is the first provincial-level local joint-stock commercial bank in Yunnan Province, and currently has 9 branches, with main businesses such as deposits, withdrawals, loans, agency finance, investment and wealth management, and so on.

Expanded Information:

Commercial banks (Commercial Bank), abbreviated as CB, is a type of bank with duties as a financial institution that undertakes credit intermediation through deposits, loans, remittances, savings and other operations.

The main business scope is to absorb public deposits, issue loans and handle bill discounting. General commercial banks do not have the right to issue currency, and the traditional business of commercial banks mainly focuses on operating deposit and loan business.

Since August 1, 2014 there has been a conditional waiver of individual customer account management fees, annual fees and handling fees for off-site withdrawals of pensions, as well as a reduction in some of the fees.

The handling fee for individual interbank over-the-counter transfers and remittances is capped at a maximum of 50 yuan, and the handling fee for public interbank over-the-counter transfers and remittances is capped at 200 yuan.

Related Functions

The functions of a commercial bank are determined by its nature, the concept of which is differentiated from that of a central bank and an investment bank, which is a savings institution rather than an investment institution, and which mainly has five basic functions:

Regulation of the Economy

Regulation of the economy refers to the fact that a commercial bank, through its credit intermediation activities, regulates the shortage of funds in various sectors of the society, and also, in the context of Under the guidance of the central bank's monetary policy and other national macro-policies, it realizes the adjustment of the economic structure, consumption ratio investment, industrial structure and so on.

In addition, commercial banks can also regulate the country's balance of payments through their financing activities in the international market.

Commercial banks, because of their wide-ranging functions, make its impact on the whole social and economic activities is very significant, in the whole financial system and even the national economy in a special and important position.

With the development of the market economy and the integrated development of the global economy, commercial banks in 2012 have highlighted the trend of diversified functions.

Credit creation

Commercial banks have generated credit creation functions on the basis of credit intermediation functions and payment intermediation functions.

Commercial banks are able to absorb all kinds of deposits of the bank, and with all kinds of deposits it absorbed to issue loans, on the basis of the circulation of checks and transfers and settlements, loans and derived from deposits, on the basis of such deposits do not withdraw cash or not completely withdraw cash, it increases the source of funds of the commercial banks, and finally in the whole banking system, the formation of several times the original deposits of the derived deposits.

Commercial For a long time, commercial banks have been the only institutions of all kinds of financial institutions that can take demand deposits and open checking deposit accounts, on the basis of which transfers and check circulation are generated.

Commercial banks to create and contract demand deposits through their own credit activities, if there is not enough demand for loans, deposits can not be lent, can not talk about the creation, because there are loans to generate deposits; on the contrary, if the return of the loan, there will be a corresponding contraction of the derived deposits.

The degree of contraction is consistent with the degree of derivation. Therefore, for commercial banks, deposit taking in its operation occupies a very important position.

Credit intermediation

Commercial Banks Related Books Credit intermediation is the most basic and characteristic function of commercial banks.

The essence of this function is through the bank's liabilities business, the community of all kinds of idle money concentrated in the bank, and then through the asset business, it is invested in all sectors of the economy.

Commercial banks are as the lender and borrower of money capital intermediary or representative, to realize the capital of the financing, and from the cost of absorbing funds and the granting of loans, interest income, investment income from the difference between the interest income, the formation of the bank's profits. Commercial banks become "capital goods" trading "big businessmen".

Commercial banks through the function of credit intermediary to realize the capital surplus and shortage between the financing, and does not change the ownership of money capital, change only the right to use money capital.

Payment intermediation

Commercial banks, in addition to acting as credit intermediaries and financing money capital, perform the functions of the money business industry. Through the transfer of deposits in the account, the agent of customer payment, on the basis of deposits, for the customer cash payment, etc., to become a commercial and industrial enterprises, organizations and individuals of the currency custodian, cashier and paying agent.

The commercial bank is the center of the payment chain and debt relationship in the economic process without beginning or end.

Financial services

With the development of the economy, industrial and commercial enterprises are increasingly complex business environment, the business competition between banks is also increasingly fierce, the bank due to the wide range of contacts, information, especially electronic computers in the banking business in a wide range of applications, so that it has the conditions to provide customers with information services, consulting services, the enterprise "decision-making support" and other services.

The development of production and circulation specialization of industrial and commercial enterprises requires that many of the original belonging to the enterprise's own monetary business to the bank to handle, such as the payment of wages, the agent to pay other expenses, etc.

Individuals are also required to pay the bank's expenses.

Personal consumption from the original simple money transactions, the development of the transfer settlement. Modern social life, from various aspects to the commercial banks put forward the requirements of financial services.

Under the power of strong business competition, the commercial banks also continue to develop the service field, through the development of financial service business, further promote the expansion of asset and liability business, and the combination of asset and liability business and financial services, to open up new business areas. In modern economic life, financial services has become an important function of commercial banks.