Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

The role of commercial banks in economic development and financial inclusion

Author(s): Omar Youssef

Commercial banks play a crucial role in fostering economic development and promoting financial inclusion within economies worldwide. This article examines the multifaceted contributions of commercial banks to economic growth, highlighting their functions in mobilizing savings, allocating capital, and providing financial services to diverse sectors of society. Additionally, it explores how commercial banks facilitate financial inclusion by expanding access to banking services, credit, and investment opportunities, particularly for underserved populations. By analysing the pivotal role of commercial banks in both traditional and emerging markets, this article underscores their significance in driving sustainable economic development and fostering inclusive prosperity

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