Modern and conventional banks were created to meet the funding and financial management requirements of individuals and businesses. These financial institutions are profit-driven businesses that benefit greatly from the services they offer. In addition to fees and ongoing charges, banks also levy interest on loans. The interest rate is determined by the credit history of the individual/bank and the specific financial institution. Consequently, banks can generate substantial profits from their services. Currently, the Industrial and Commercial Bank of China Limited holds the position of the world’s largest bank, boasting an impressive asset value of $5.5 trillion.
Content crafter at Infographic List. Maria Kennedy is a content creator by day and a yogi by night. When she is not working on her blogs, you can find her playing with her three boys or travelling in their van. Don't miss out on her travel and food blog >>> Travel for Food Hub.
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