answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered 2011-01-22 13:17:59

Banks make profit and generate revenue by two ways:

  1. By charging you a fee for the services they provide you
  2. 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.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions


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.


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.


A business' profit is absolutely unrelated to its bank balance.


Yes you can make profit on the car if you buy it from the bank.


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


A bank is a business so its main motive is to make a 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.


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.


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.


Banks profit from interest income and other charges they levy on their account holders.


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.


Implementing an internet banking system for the bank could be a huge investement for a bank and may impact the banks profit in the year it is implemented. But with the convenience that is offered through an internet banking system the bank is sure to atract new customers and hence in the long term, the internet banking would help the bank boost its profit.



The primary function of any bank is to make a profit


First of all, the money goes into the banks overall cash reserve. This money is then used by the bank to grant loans to other customers who may ask for the same. By collecting interest from those loan customers, the bank makes a profit.


£1 a year and they owe £2,000,000 to the bank.


central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.


policy to prevent bank profitable is the important policy that can prevent profit of bank when the monetary policy change


i need balance sheet and profit loss statement of silk bank 2005


The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.


Meant to direct profit to the second nation bank.




a bank shot in golf, the term "making bank" refers to making alot of money or a profit. A Bank is where you go to make tranfers, deposits, etc... anything on money.


Murabaha is a sale contract with a bank whereby, the bank purchases the goods, and then resells them to the client with an agreed upon profit margin.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.