Agency Functions Of Banking. Issue of drafts letter of credits etc. Payment of subscription rent insurance premium etc.
Also a commercial bank lends funds to its customers in the form of loans and advances cash credit overdraft and discounting of bills etc. The agency banking model is a function of certain commercial banks in kenya. Deposits are savings current or time deposits.
Agency functions commercial banks may serve as agents by collecting and paying checks dividends and bills of exchange for their customers.
Deposits are savings current or time deposits. Transfer of funds collection of cheques periodic payments 2. They could also pay rent insurance premiums trade securities on behalf of their customers. The agency banking model is a function of certain commercial banks in kenya.
