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Evolution of Banking Systems in the 21st Century: Key Trends and Developments

The banking systems have undergone substantial changes in the 21st century, driven by technological advancements and evolving financial needs. This article explores the broad network of modern banking, highlighting key developments centered around major financial intermediaries. It emphasizes the importance of adopting a proactive attitude towards emerging trends, the significance of secure lending practices, and the role of commercial banks as mediators in the economy. Understand how these factors shape the current banking landscape and what they imply for future banking practices.

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Evolution of Banking Systems in the 21st Century: Key Trends and Developments

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Presentation Transcript

  1. Banking systems Unit 23

  2. vary=differ substantially=greatly= significantly during present century tendency develop (v.) development (n.) wide=broad network be centred upon sth. chief=main, major establish v. group (sth. around sth.) quite=fairly=rather be referred to sth=be named IN general own (adj.) own (v.) however different=no matter how different form (v.) appear=seem IN the same way the same habit Vocabulary 1

  3. adopt an attitude to/towards sbd. react TO sth. climate principle therefore=thus=for that reason world-wide validity fall into sth.=be divided into sth commercial bank intermediary iN effect=in essence mediate secure (v.) save (money) lend sth. TO sbd. borrow sth. FROM sbd. use (n.) use (v.) for the purpose of sth. = for the aim od sth. particularly=specifically immediately=momentously current Vocabulary 2

  4. receipt (usu. receipts= a quantity or amount received) an intention of doing sth. beyond the range of sth= out of the limits of sth Vocabulary 3

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