Every competent person thinks about what financial stability is and how to ensure it at any given time. Exactly the same issues are in the focus of attention of managers of large and small companies, as well as individual entrepreneurs. The history of economic relations clearly demonstrates that the emergence and development of the financial system occurred in parallel with the development of technology. Exchange games or trade relations have been going on since time immemorial, but the financial system appeared only a few centuries ago.
New, more productive technologies can increase the volume of consumer goods. As a result of these processes, the mechanism of distribution of material goods is becoming increasingly important. The main tool in this business is money. In turn, banks work with banknotes. In recent decades, there has been a situation where the financial stability of a bank determines the well-being of many enterprises of various fields of activity. Factories and factories that produce goods, as well as trade enterprises selling them, store their financial resources in bank accounts.
It will be more accurate to say that banks serve these enterprises. Their responsibilities include saving financial resources and sending a certain amount to the addresses indicated by the client. To this list you can add calculations with the budget and various insurance funds, cash services, the issuance of plastic cards and other services. If you look at the essence of the process, then the financial stability of any commercial structure to a certain extent depends on the stable operation of this institution. Of course, not a single commercial bank is responsible for the financial policies of its customers.
At the same time, the practice of recent decades and the global financial crisis have clearly demonstrated that the financial stability of manufacturing companies depends on a stable banking system. Like any market structure, the bank is engaged in commercial activities. Its purpose is to make a profit. And this same profit is brought to him by customers. Settlement and cash services are rendered to one category. Another loans and credits are issued. In such a business, as in any other, there are dangers and difficulties.
Currently, some banks conduct very risky operations. For example, they issue loans to customers without checking their solvency. So it was in 2008 in the USA. Loans were issued to all comers. And when it turned out that a significant part of the issued funds could not be returned, the banks suffered losses and some of them were on the verge of bankruptcy. Now I must say that the financial stability of the enterprise is its ability at any time to pay off its obligations.
What obligations does a modern company engaged in the production of building materials have? One of the main ones is the timely payment of wages to their employees. Then you need to settle accounts with suppliers of raw materials and components. After that, for the consumed electric and thermal energy. And the list of calculations can be continued. Now imagine how an enterprise can fulfill its obligations if the bank ceases to operate? The answer is obvious - no way. All the money that was stored in the accounts of this institution was issued to insolvent borrowers, and the bank has nothing to dispose of.
The current historical moment is characterized by the fact that the financial stability of many very large companies depends on how effectively the financial systems as a whole operate. It is also important how a particular bank works in which the company or individual entrepreneur is served . Experts recommend having settlement funds in different commercial banks. And it is desirable that one of them be established by the state. Such banks exist and are successfully operating in all regions.