Understanding and Definition of Banking

Banks are the financial institutions that played a vital role in international trade activities for national development. In the modern world economy, people are so minded bank. It can be seen from the rise of interest in the community to store, business, even to invest through banks. This led to the rise of the banking world that can be seen from the growth of new private banks despite the government tightened regulations on the banking sector.


The following are terms and definitions of banking:

# Mangasa Augustine Sipahutar
Banking is an intermediary institution that acts as an intermediary financial activities

# THOMAS Suyatno
Banking is anything that concerns about the bank, including institutional, business activities, as well as the manner and process in carrying out its business activities

# Gunarto Suhadi
Banking is a business activity that is always served and live in unity with real economic activity in any society

# UBAIDILAH NUGRAHA
Banking is the umbrella and the basis of all wealth management activities in the world of modern finance

# Permadi GANDAPRAJA
Banking is the order of the different types and functions of banks should move in harmony and synergy towards the target set

# ABDULLAH Siddik
Banking is a vital tool to aide international trade and national development, in which banks - banks collect and run the funds through services - services

# Lovett
Banking is one of the leading indicators, in addition to the capital markets as a means of measuring the extent of a country's economy is stable

# BAMBANG Wijayanta & ARISTANTI Widyaningsih
Banking is a secondary producer for the money