Modern and traditional banks were created to meet the financial requirements of people and businesses. These financial establishments operate as profit-driven entities and derive substantial benefits from their services. In addition to various fees and ongoing expenses, banks also levy interest on loans. The interest rate may differ based on factors like the borrower's credit history, the particular bank, and the financial institution itself. Consequently, banks can generate substantial profits from their offerings. Presently, the Industrial and Commercial Bank of China Limited holds the distinction of being the largest bank in the world, with an impressive $5.5 trillion in assets.
