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BFN 121 - WEEK 4 - Cheque Systems, Sources and Uses of Funds.pptx

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Raising a new Generation of LeadersBANKS CHEQUE SYSTEM,SOURCES AND USES OF FUNDDr. Ben EhikioyaDepartment of Banking & Finance
2Learning ObjectiveAt the end of this class, students should be ableto demonstrate a good understanding of the bankcheque system, sources and uses of funds.
3OutlineIntroductionBank and its functionDifferent types of accountThe cheque system in commercial bankSources and Uses of fund
4IntroductionBankcan be describe as a financial institution accepting depositsand granting loans as well as the provision of other services.CBN Report 1998commented bank as a financial institutionperform intermediation roles generally through mobilization of idleresources and channeling such resources to productive activitieswithin an economy.A bank can be define as a financial institution authorized to actas an intermediary in financial transactions such as acceptanceof deposits, granting of loans, clearing of cheques, and provisionof other financial services to its customers.
5IntroductionContd.Banking also includes provision of other services as required by thecustomer such as: money transmission, financial and advisoryservices, and foreign services.We have the Central Bank, Commercial Banks, Development banks,Mortgage Bank, Merchant Banks etcCommercial Banks –They are financial institutions that areinvolved in retail banking where small to medium savings aremobilized and disbursed in the form of loans and advances as wellas other services for customers
6BanksFinancial institution perform intermediation rolesMobilization of idle resourcesChannel resources to productive activitiesResources are channeled from surplus sectors tothe deficit sectorsThis ensures a more efficient resource allocationand utilization.

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Term
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