BCC was a commercial bank, offering everyday personal banking services for individual clients, and business banking services for corporate clients. Like most banks, BCC also provided other banking and non-banking services.
BCC's banking operations were no different from most commercial banks that were directly aimed at attracting personal and business customers and included increasing the bank’s funds by mobilising deposits (considered one of the most important functions in relation to commercial structures), accepting deposits in savings accounts, current accounts, term or fixed deposit accounts, money market accounts and certificates of deposit, granting different types of personal and business loans with interest, financing exports and imports, issuing bank guarantees, and undertaking currency operations and managing the liquidity of the bank.
Many of the operations were carried out at the initiative of BCC, and some at the request of BCC's clients.
Services provided at the initiative of BCC were aimed at primarily making a profit, for example from lending and investing excess funds held by the bank, account maintenance charges, overdraft fees in addition to interest charges, late payment fees, foreign currency charges, safe custody charges.
Operations performed on the instructions of BCC's clients pursued goals determined by the clients themselves such as making money transfers and handling foreign trade where BCC was able to also make a profit when transactions were carried out.
BCC also performed non-banking activities such as issuing travellers cheques and credit cards.
- Commercial Banking
- Foreign exchange and fund management
- Correspondent Banking
- Merchant Banking
- Private Banking
- Offshore Banking
- Islamic Banking
- Other activities and services
