It can be a depository bank , which is the best known banking sector. This type of bank receives savings from its customers and grants loans. The establishment may also be an investment bank , which has business advisory and corporate finance. It also carries out operations on the financial markets. Finally, it can be a private bank, which specializes in managing large portfolios. The latter offers high-end services for the management of assets whose value is significant.
A bank can also offer ancillary services such as insurance, mutual insurance or surety bonds.
Insurance is an operation by which a person (the insurer) undertakes to provide a service, under an insurance contract, for the benefit of another individual (the insured) upon the occurrence of a risk and subject to the payment of a contribution or a premium. Risk constitutes the object of the insurance. An insured takes out insurance to protect himself against harmful events (illness, fire, theft, death, etc.) or against the risks associated with certain objects he owns (car, home, etc.).