Commercial banks are the product of

Commercial banks are the product of a certain stage of economic development and have a very important position in the world economic and financial system and are increasingly becoming the driving force behind the economic and financial development of countries around the world. History of innovation in commercial banks. Innovation is the source of energy for the development of commercial banks, the economy continues to develop and commercial banks continue to innovate, as a result commercial banks have gone from a low level to a high level and continue to develop to support socio-economic development.