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Banks make profit and generate revenue by two ways:
- By charging you a fee for the services they provide you
- By lending the money you have deposited into your account, to other loan customers and getting an interest on the same.
Interest income is the highest revenue and profit generator for any bank.
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How does hsbc bank earn profit?
HSBC Bank makes profit and generates revenue by two ways:By charging you a fee for the services they provide youBy lending the money you have deposited into your account, to other loan customers and getting an interest on the same.Interest income is the highest revenue and profit generator for any bank.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
Explain why a bank would cut it's dividend?
If a bank makes less of a profit than at another time, it won't have as much to share out as in those other years. It is therefore forced to cut the dividend it pays.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
How does hsbc bank earn profit?
HSBC Bank makes profit and generates revenue by two ways:By charging you a fee for the services they provide youBy lending the money you have deposited into your account, to other loan customers and getting an interest on the same.Interest income is the highest revenue and profit generator for any bank.
How does a bank makes its profit and generates revenue?
Banks make their profit through interest from loans, credit cards etc. and also from the fees from having a bank account and eftpos transactions etc. _____________________________ Fees and Interest.
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
Do you support privatization of banks and why?
no i do not support privatization of bank because in 1969 the ex prime minister indira gandhi nationalized the f14 bank for social economic development . before f1969 bank was aim to gain profit only profit . they has no concern for people .if again bank is to be privatization so bank;s aim will be only to gain more profit and profit and control the economy to business man
Explain why a bank would cut it's dividend?
If a bank makes less of a profit than at another time, it won't have as much to share out as in those other years. It is therefore forced to cut the dividend it pays.
How do income statements and balance sheets articulate?
The income statement is part of the "Profit and Loss" ("P&L") statement. Here you state what is accounts receivable and what is paid, and end up with a profit or a loss. Now that is taken on to the balance, to make a profit is an asset, while a loss is a liability that has to be covered. So, in the balance, the profit appears as an increased bank deposit, or that you have increased inventory and bought cars and other things for the profit - or paid off debt. Now if you have made a loss, your debt should be increased, and your bank deposit decreased or you may have sold off inventory to pay off. This is seen in the balance. Taking the entire profit and use it to pay debt will decrease the balance, which bluntly does not look good. Here a good accountant makes a difference, place the profit to impress the bank and shareholders, articulate that you are doing fine by "pruning" the balance according to GAP rules that also makes the bank smile.
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
Why a bank issue ipo?
for earned profit
What is the motive of bank?
A bank is a business so its main motive is to make a profit.
What was the net profit of Royal Bank in Canada in 2003?
The Royal Bank of Canada was founded in 1964 and is the largest bank in Canada. The net profit in the year 2003 for the company was $3.858 billion dollars.
What is the bank customer shares of the profit made of loans?
Savings account interest and all other forms of interest earned on deposits with a bank is a person's share of the bank's profit made on loans.
