BFN104ELEMENT OF BANKING

BFN104 introduces students to the foundational concepts, functions, and operations of the banking system. The course explores the evolution of banking, types of financial institutions, and the roles they play in economic development. Students will learn about the structure of commercial banks, central banking functions, deposit mobilization, lending principles, and the regulatory environment governing banking operations. Emphasis is placed on the understanding of banking instruments, payment systems, and the relationship between banks and customers.

Throughout the course, students will examine real-world banking practices and case studies to understand risk management, bank performance metrics, and the significance of trust and compliance in banking operations. The course prepares students to appreciate the integral role of banking in financial systems and equips them with the knowledge to pursue further studies or entry-level careers in financial institutions. By the end, students will have a solid grasp of how banks function, contribute to economic stability, and respond to changes in the financial landscape.