International Bank Day is celebrated every year on 4 December.
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International Bank Day was established by the UN General Assembly to honor banks and their contribution to community development and financial stability. Banks are financial organizations that help the flow of money in society by taking deposits from the general public and lending money. The basic act of taking out and returning loans in commodity exchange systems gave rise to the idea of banking.
Rich Italian families founded organizations during the Renaissance that set the groundwork for contemporary banking, which then expanded throughout Europe. Before banknotes were invented, traders would deposit their gold with bankers until the banks gained more power to oversee local governments’ finances. The bank handles the personal, corporate, investment, insurance business and functions of the customers.
Theme of International Banks Day 2023
The crucial objective of “Achieving the Sustainable Development Goals and enhancing the global financial architecture” is the focal point of the 2023 International Banks Day topic.
How to Celebrate International Bank Day
Make Information Packets:- Highlight the services that development banks provide to your community and their activities.
Arrange Talks:- To arrange talks regarding financial instruments, work with local development banks and community leaders. Enhancing community knowledge through information and resource sharing with development banks is a great idea.
The Significance of International Bank Day:- Our Mutual Respect for Development Banks Development banks are essential to the growth of communities and their transition to financial independence.
It Increases Awareness:- More information about available financial resources should be available to everyone. This expertise is held by development banks, and we want to make sure it gets to the right places.
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