Banks are the primary source of credit for households and businesses, and the driving force behind our economic existence. They are extremely well positioned to reallocate credit, and mobilise capital away from environmentally harmful activities towards the green economy, supporting the transition to a sustainable, low carbon world. The term “banking” can be applied to a large range of financial institutions which caters a diverse range of clients, regions and sectors.
Key learning objectives:
What is a Retail Bank?
Explain the functions of a retail bank
Identify some examples of retail banking products and services
Explain Green Mortgages