Here is how to write a commercial bank business plan. The financial services sector of any economy can never be complete without the services offered by commercial banks. Commercial and private banks are profit-based. They grant loans, accept deposits, and also offer other types of financial services like electronic banking including the transfer of funds among others. These are basic to having a successful and implementable plan. They include the executive summary section, the company description, market analysis, and competitive analysis sections.
A commercial bank is a profit-based financial institution that grants loans, accepts deposits, and offers other financial services, such as overdraft facilities and electronic transfer of funds. In other words, commercial banks are financial institutions that accept demand deposits from the general public, transfer funds from the bank to another, and earn profit. Commercial banks play a significant role in fulfilling the short-term and medium- term financial requirements of industries. They do not provide, long-term credit, so that liquidity of assets should be maintained.
This business specifically focuses on providing agricultural products which serve as food and raw materials to general populace and industries respectively. Fraser McCarthy and Family Farms Ltd is a commercial farm business that is registered with the relevant authorities and licensed to carry out commercial farm business in Boston, United States. The business will be located in a large hectare of land in downtown Boston. We will be focused with the cultivation of organic and non — organic agricultural farm produce. Mr Fraser McCarthy has experience working in the industry for more than 16 years.
Of cause whenever, a customer comes to a bank to borrow money from the bank, the bank official must convince themselves that the borrower is qualified for such request. To strictly adhere to the canons or principle of good lending, the response of the bank may either be favorable or unfavorable as regards to the request for a loan. But before this lending is granted, the customer must request initially for the specific lending or borrowing proposition.