What are the functions of commercial banks?

The functions of commercial banks are different from those of ordinary enterprises and other financial institutions, mainly including: First, credit intermediary. Commercial banks act as an intermediary between capital suppliers and capital demanders through asset-liability business to realize the financial flow of monetary funds. This is the most basic function of commercial banks. Second, the payment intermediary. Commercial banks use current deposit accounts (accounts) to handle currency receipt and payment, currency settlement and deposit transfer for customers. Third, credit creation. Commercial banks can create credit instruments and derivative deposits on the basis of credit intermediaries and payment intermediaries. This is a special function of commercial banks. Fourth, financial services. Commercial banks make use of their advantages in capital, network, information and technology to provide customers with assets and liabilities beyond the traditional business.