Which type of financial institution typically provides a broader range of services, including loans and deposit accounts?

Commercial banks are financial institutions that offer a wide array of services to their customers, which typically include both loans and deposit accounts. They play a crucial role in the economy by accepting deposits from individuals and businesses and utilizing those funds to provide loans for various purposes, such as home mortgages, personal loans, and business financing.

In addition to these core functions, commercial banks may also provide services such as checking accounts, savings accounts, credit cards, and other financial products. This broad range of services distinguishes them from investment banks, which primarily focus on capital markets, equity, and debt offerings, and do not generally offer deposit accounts or traditional banking services. Non-depository institutions, while they may provide some loans, do not accept deposits in the same way that commercial banks do. Microfinance organizations are specialized institutions that provide financial services to underserved populations, primarily focusing on small loans but often lacking the comprehensive range of services offered by commercial banks.