Banks have always played a very important role in our day to day life. They are the first thing that comes to our mind when we think of money or any financial assistance to support our needs. Not only do they support our financial needs, but also help us with various financial schemes to make sure we have a secure future for our family.
The history of banks dates back to early 13th century and from the very first day that they have evolved, they have been instrumental in shaping our society and the way we understand the value of our money. One of the very first banks in the world was founded in Europe, and even the word bank is derived from the Italian root word “banco”, which means bench or desk.
Though, hundreds of banks worldwide have come up with new services to lure more customers, European banks have always remained a step ahead of the market competition. Due to their unmatched reputation for keeping bank transactions secret, European banks have been the favorite banks of people with high profile, or for those who prefer to keep their profile very low and hidden. With growing technological advancement, these European banks continuously update their banking criteria and procedures to provide their customers with high standards of banking security and to avoid any theft or unauthorized transactions.
European banks like European Central Bank and European Investment Bank play vital role in supporting European Union’s objectives and oversee the financial situation in Euro zone. Other European banks like banks in Switzerland, Italy, Germany, France, Sweden, Spain, Austria, Belgium, Luxembourg, Malta, Portugal, Ireland and remaining states of EU, together decide about the monetary policies which would affect the other European countries in whole and individually.
This post was written by admin on September 2009