The objective is for the banks to be able to lend businesses money to purchase assets with that will grow their business so they can hire more people, produce more goods, create more sales, and stimulate the economy, while at the same time making enough profit off of the new assets to be able to pay the money back in a timely fashion with interest included so the bank also profits off of the transaction.
There are few objectives of bank lending. The biggest objective of bank lending is to stimulate the economy. This is done by lending money to business to help grow their assets. In return, they can hire more people, produce more goods, and make enough profits to pay back their loan and interest which earns the bank money.
Wachovia bank is a large bank in the United States. However, Wachovia bank is the not the leading bank in America in bank lending. Bank of America is the leading bank in lending.
Banks lending money to other banks.
Minimum lending rate is the rate officially charged by the Bank which will refrain from lending money. It is also referred as the discount rate in American English.