business-banking

Vocabulary Word

Definition

'Business banking' is a term for the range of services a bank provides specifically for businesses. It can involve tasks like processing payments, offering loans, or helping with investments and financial planning.

Examples in Different Contexts

In banking, 'business banking' is targeted at small to medium enterprises (SMEs) providing specialized products and advisory services. A bank manager might explain, 'Our business banking division is dedicated to supporting SMEs with tailored financial solutions and guidance.'

Practice Scenarios

Marketing

Scenario:

Marketing can be risky sometimes, and we need to protect ourselves from potential losses. Any thoughts?

Response:

I suggest using our business banking to invest in insurance services to buffer unforeseen losses.

Business

Scenario:

We're discussing the financial future of our company and how to streamline operations. Any suggestions?

Response:

Developing strong business banking relationships can open opportunities for strategic financial management and streamline our operations.