What is the real source of income for bank?
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Asides from Interest Income or Spread (that is the difference between interest received on loans and interest given on deposits), banks earn income from: 1) Fee from advisory services, syndication of loans, providing letter of credit etc. 2) Selling third part products such as Life and General Insurance.
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Asides from Interest Income or Spread (that is the difference between interest received on loans and interest given on deposits), banks earn income from: 1) Fee from advisory services, syndication of loans, providing letter of credit etc. 2) Selling third part products such as Life and General Insurance.
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