Development of Bank Innovations

Abstract

Global financial crises were experienced in recent years. The bank industry became the most sensitive field regarding the financial crisis. Because the risk are associated to all banking operation regardless the crisis, therefore the financial risk management should take place daily in financial institutions. As a result the main objective of all bank are: to reduce the risk level during the crisis and to remain the residual risk after the crises period. The successful function of the national economy depends on the financial and credit policy of the country. Banks are the country's financial and credit system. The activities of banking institutions are very diverse in the economy. The bank is a division that produces and sells its products and deals with issues related to social needs. The bank is made on the basis of the profit received in the form of the socio-economic interests of the owners of the bank and its participants. Banks are especially dependent on the economic development of the national economy, ensuring economic growth in the country, determining the well-being of people, raising their standard of living and improving. Much depends on banking in modern conditions. Today, the banking system in our country offers an almost complete list of products that already exist in developed countries. One of the most important services is the service of plastic cards. The latter depends on the economic activities of banks.