The banking is known as the business or services conducted by a bank. Banking can also be defined as a business of accepting and protecting money of an individual, and giving loans to other people for making investment in their businesses in order to earn profit.
Bank is an office or institution assist for depositing, lending, and exchanging of money. A bank is always licensed institution that plays an important role in the distribution of public support to enterprises and individuals. Banks may also provide financial services such as Wealth management, currency exchange, and safe deposit boxes.
Types of Banks
There are 7 types of banks discussed below:
1: Retail Banks
This bank provides financial support or services to consumers as an Individual not for business.
2: Commercial Banks
Accepts money or deposits from the public and gives loans for the investment purpose in small businesses.
3: Investment Banks
This type of bank is engaged in Advisory based financial transactions.
4: Private Banks
Owned by individual person no interruption of other banks.
5: Cooperative or Mutual Banks
6: Online Banks
This type of bank works 24 hours
7: Credit Unions
This type of bank offers lower fees, higher saving rates, and lower interest rates on loans.
Highly Scoped Countries for Banking Industry
UAE banking sector has much grown and is gearing up for global competition.
Polish banking system is very modern with latest safety technologies.
The German banking system has undergone significant changes and has become much developed than past.
Oman has one of the most developed banking systems with minimum numbers of banks.
Saudi Arabia has developed Islamic bank system followed by Islamic laws.
Morocco has most established banking system.
How BinFaisal Facilitate Clients for Banking Staff Recruitment
BinFaisal is a well repute overseas employment agency in Pakistan and registered by Government of Pakistan Ministry of Overseas Pakistanis & Human Resource Development (license no. OP&HRD/3848/LHR).
The mission of BinFaisal is to facilitate our overseas clients in regard to recruitment for any desired industry. ALLAH ALMIGHTY has blessed Pakistan with lots of well educated, skilled and qualified people from banking industry , therefore mostly abroad countries are taking much interest in Pakistan for hiring recruit for their banking sectors or for industrial financing departments.
BinFaisal has a proper job portal, where educated and qualified candidates, who are seeking for overseas banking jobs, submit their data to us. According to the demands of our clients our professionals seek out, find out or hire the best one for them.
Beside this BinFaisal has established a training center. BinFaisal has appointed qualified instructors who checked out the quality work of candidates and make them a perfect one.
BinFaisal manpower recruitment agency for banking staffing not only satisfies our clients but also secures the future of candidates outside the Pakistan. BinFaisal National Manpower Bureau is the name of trust which we give to our clients and candidates too.
Here are some categories listed below required for banking industry:
- General manager
- Branch manager
- Loan officer
- Personal financial advisor
- Financial analyst collector
- Relationship manager
- Banking security staff