3, Kostaki Pantelidi str., 2057 Nicosia, P.O.Box 25331, 1308 Nicosia, Cyprus, Tel.: +357 22459090, Fax: +357 22664910, Email: info@ibscyprus.com.cy

Principles of Banking

Duration: 39 hours    Credits: 3

Description

This course is a standard introduction to the banking profession and the different products and services which are offered by financial institutions. It touches on nearly every aspect of banking, from the fundamentals of the banking environment to banking operations and financial markets. This course addresses the changes occurred in the financial system and the competition between financial institutions in the areas of technology and customer service.

After successfully completing this course, you will be able to:

  • Discuss the relationship banks have with their customers
  • Explain the process of check clearing and other payments
  • Recognise the functions of the Central Bank and its role in the formation of monetary policy
  • Know the importance of the management of the assets and liabilities of a financial institution and recognise the changes in bank strategies according to changes in market variables
  • Understand how banks manage and protect the funds of their customers