1, the English name of deposit financial institution is deposit financial institution, which refers to the available funds obtained by absorbing various deposits and lending them to various economic entities that need funds and financial institutions that invest in securities to obtain income. Deposit-type financial institutions are important intermediaries in financial markets and important subjects of hedging and arbitrage. Its main types include: savings institutions, credit cooperatives and commercial banks.
2. Features: The sources of funds are mostly savings deposits, mostly long-term investments and loans. The interest earned by a savings institution from the use of each fund is usually determined in the contract and cannot be changed before it expires. If the market interest rate rises, it will suffer interest losses.
3. Risk Avoidance: Pay attention to the safety of capital use and profit prediction.
4. Development process:
(1) slow development period: 19 at the end of 1940s, consumer credit was underdeveloped and business was limited.
(2) heyday: from 1950s to the end of 1970s, western countries implemented demand management policies and profit-making policies, and the state encouraged consumer credit and loans to purchase houses.