How does a bank make money
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Banking is a financial way to save or loan money .banks has various ways of raising fund for the measure ways banksmake money through lending to constumers by giving them loans and at the tail end receiving interest
Most banks make money from interest they earn by lending out money to other clients known as LOI (loan interest). The funds they lend comes from customer deposits. However, the interest rate paid by the bank on the money they borrow is less than the rate charged on the money they lend.
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Also banks make money by funding (clients and non clients), (individual and corporate) projects known as ROI. In simple term, banks make money by trading customers money over time regulations.