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A successful banking growth strategy includes: Connecting in-branch services to digital channels, including website, social media, mobile applications, customer-relationship (CRM) management tools, chatbots, etc.
Banks generally make money by borrowing money from depositors and compensating them with a certain interest rate.
Commercial banks make money by providing and earning interest from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.
It is not just that most money is in the form of bank accounts. The banking system can literally create money through the process of making loans.
They earn fees for customer services, such as checking accounts, financial counseling, loan servicing and the sales of other financial products (e.g., insurance and mutual funds).

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Banks profit from making loans by charging interest.

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