The main activities of banks

Commercial banks in the Czech lands were universal banks that performed the function of both deposit and credit monetary institutions and founding banks. Bank capital has a strong stake in industrial, commercial and transport companies. Land and real estate trade played an important role in some institutes. New activities after the establishment of Czechoslovakia were the provision of financial transactions in exports and imports, transactions in government bonds and the activity of large banks associated in a consortium for government lending operations in international economic negotiations and transactions. Despite the expanded range of activities, the focus of banks' activities in concentrating funds and providing loans to industry, transport, wholesale and large landowners remained. Banks' funds came from funds entrusted to banks, from equity, interest, lending and service charges. The first two sources were the most important. Mainly households saved their savings on passbooks. Banks fought for depositors by offering advantageous conditions. Bank loans have become a common part of industrial and commercial business. The founding activities of banks also expanded significantly.