Definition
Banks are business entities that raise funds from the public in the form of deposits, and distribute to the public in order to improve the living standards of the people.
Commercial Bank is a bank that can provide services in payment traffic. The efforts of commercial banks is to collect public funds in the form of demand deposits, time deposits, certificates of deposit and savings and channeling funds back in the form of loans. Commercial banks are included in this are all kinds of banks, such as government banks, private banks, foreign banks and joint venture banks are categorized as either foreign or non-foreign (based on Law no. 7 of 1992 concerning Banking).
Headquarters office is authorized and solely responsible for making policies for the successful management of banking purposes.
Branch office / Branch office is any bank that is directly responsible to the head office of the bank concerned, with a permanent place of business where the branch offices / branches are doing business.