credit institution

A credit institution is a financial organization that offers services related to borrowing and lending money. Examples include banks, credit unions, and savings institutions. They handle transactions like accepting deposits, providing loans, and issuing credit cards. Their main role is to facilitate financial activity, help individuals and businesses access funds, and manage the risk of lending. Credit institutions are regulated to ensure stability and protect depositors. Essentially, they act as intermediaries that connect those who have money with those who need to borrow, supporting economic activity and growth.