{"id":85,"date":"2024-02-03T14:32:07","date_gmt":"2024-02-03T14:32:07","guid":{"rendered":"https:\/\/oneringgit.com\/?p=85"},"modified":"2024-02-03T14:32:11","modified_gmt":"2024-02-03T14:32:11","slug":"12-commercial-bank-operators-in-malaysia","status":"publish","type":"post","link":"https:\/\/oneringgit.com\/?p=85","title":{"rendered":"12 Commercial Bank Operators in Malaysia"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS-1024x683.jpg\" alt=\"\" class=\"wp-image-101\" srcset=\"https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS-1024x683.jpg 1024w, https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS-300x200.jpg 300w, https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS-768x512.jpg 768w, https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS-600x400.jpg 600w, https:\/\/oneringgit.com\/wp-content\/uploads\/2024\/02\/COMMERCIAL-BANKS.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">COMMERCIAL BANKS IN MALAYSIA<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Content<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Introduction<\/li>\n\n\n\n<li>The Bank History<\/li>\n\n\n\n<li>Roles <\/li>\n\n\n\n<li>Regulations<\/li>\n\n\n\n<li>Services Provided<\/li>\n\n\n\n<li>List of Commercial Bank in Malaysia<\/li>\n\n\n\n<li>References<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Introduction<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.<\/p>\n\n\n\n<p>It can also refer to a bank or a division of a large bank which deals with corporations or a large or middle-sized business, to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Bank History<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>The name bank derives from the Italian word banco &#8220;desk\/bench&#8221;, used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth.[1] However, traces of banking activity can be found even in ancient times.<\/p>\n\n\n\n<p>In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass\u2013Steagall Act, the U.S. Congress required that commercial banks only engage in banking activities, whereas investment banks were limited to capital market activities. This separation was mostly repealed in 1999 by the Gramm\u2013Leach\u2013Bliley Act.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Roles of Commercial Banks<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy.<\/p>\n\n\n\n<p>In this respect, credit creation is the most significant function of commercial banks. While sanctioning a loan to a customer, they do not provide cash to the borrower. Instead, they open a deposit account from which the borrower can withdraw. In other words, while sanctioning a loan, they automatically create deposits.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Primary functions<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Commercial banks accept various types of deposits from the public especially from its clients, including saving account deposits and fixed deposits. These deposits are returned whenever the customer demands it after a certain time period.<\/li>\n\n\n\n<li>Commercial banks provide loans and advances of various forms, Such as [overdraft] facility, cash credit, bill discounting, money call, etc. They also give demand and\u00a0term loans to all types of clients against proper security. They also act as trustees for wills of their customers etc.<\/li>\n\n\n\n<li>The function of credit creation is generated on the basis of credit and payment intermediary. Commercial banks use the deposits they absorb to make loans. On the basis of check circulation and transfer settlement, the loans are converted into derivative deposits. To a certain extent, the derivative funds of are increased by interval times the original deposits which greatly improves the driving force of commercial banks to serve the economic development.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Regulations <\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>In most countries, commercial banks are heavily regulated and this is typically done by a country&#8217;s central bank. They will impose a number of conditions on the banks that they regulate such as keeping bank reserves and to maintain minimum capital requirements.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Services Provided by Commercial Banks<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Commercial banks generally provide a number of services to its clients; these can be split into\u00a0core banking\u00a0services such as deposits, loans, and other services which are related to\u00a0payment systems\u00a0and other financial services.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Core products and services<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accepting money on various types of\u00a0deposit accounts<\/li>\n\n\n\n<li>Lending money by\u00a0overdraft, and\u00a0loans\u00a0both secured and unsecured.<\/li>\n\n\n\n<li>Providing\u00a0transaction accounts<\/li>\n\n\n\n<li>Cash management<\/li>\n\n\n\n<li>Treasury management<\/li>\n\n\n\n<li>Private equity\u00a0financing<\/li>\n\n\n\n<li>Issuing\u00a0Bank drafts\u00a0and\u00a0Bank cheques<\/li>\n\n\n\n<li>Processing payments via\u00a0telegraphic transfer,\u00a0EFTPOS,\u00a0internet banking, or other payment methods.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Other functions<\/h5>\n\n\n\n<p>Along with core products and services, commercial banks perform several secondary functions. The secondary functions of commercial banks can be divided into agency functions and utility functions.<\/p>\n\n\n\n<p><em>Agency functions include:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To collect and clear cheques, dividends, and interest warrant<\/li>\n\n\n\n<li>To make payments of rent, insurance premium<\/li>\n\n\n\n<li>To deal in foreign exchange transactions<\/li>\n\n\n\n<li>To purchase and sell securities<\/li>\n\n\n\n<li>To act as the trustee, attorney, correspondent and executor<\/li>\n\n\n\n<li>To accept tax proceeds and tax returns<\/li>\n<\/ul>\n\n\n\n<p><em>Utility functions include:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To provide\u00a0safe deposit boxes\u00a0to customers<\/li>\n\n\n\n<li>To provide\u00a0money transfer\u00a0facility<\/li>\n\n\n\n<li>To issue\u00a0traveler&#8217;s cheques<\/li>\n\n\n\n<li>To act as referees<\/li>\n\n\n\n<li>To accept various bills for payment: phone bills, gas bills, water bills<\/li>\n\n\n\n<li>To provide various cards such as\u00a0credit cards\u00a0and\u00a0debit cards<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">List of Commercial Banks in Malaysia<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/oneringgit.com\/?p=60\">Affin Bank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=75\">Alliance Bank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=81\">AmBank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=87\">Bank Islam <\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=91\">Bank Muamalat<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=94\">Bank Rakyat<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=97\">Bank Simpanan Nasional<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=55\">CIMB<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=78\">Hong Leong Bank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=50\">Maybank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=67\">Public Bank<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oneringgit.com\/?p=70\">RHB Bank<\/a><\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">References<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Commercial_bank\">https:\/\/en.wikipedia.org\/wiki\/Commercial_bank<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_banks_in_Malaysia#See_also\">https:\/\/en.wikipedia.org\/wiki\/List_of_banks_in_Malaysia#See_also<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">Disclaimer: This blog content is for informational purposes only and not professional financial advice. It is advisable to consult a financial advisor for personalized guidance.<\/pre>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content Introduction A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank or a division of a large bank which deals with corporations or a large or middle-sized business, to differentiate it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[19,20,30,31,44,42,28,61,27,34,21,29,33,72,32],"class_list":["post-85","post","type-post","status-publish","format-standard","hentry","category-bank","tag-bank","tag-bnm","tag-cents","tag-coin","tag-commercial","tag-commercialbank","tag-financial","tag-halal","tag-institution","tag-islamicbank","tag-malaysia","tag-money","tag-oneringgit","tag-operator","tag-ringgit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>12 Commercial Bank Operators in Malaysia - One Ringgit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oneringgit.com\/?p=85\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12 Commercial Bank Operators in Malaysia - One Ringgit\" \/>\n<meta property=\"og:description\" content=\"Content Introduction A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. 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