Banks diversify income sources to reduce dependence on credit
Banks have been promoting a target of diversifying income sources to reduce dependence on credit.
Many banks see increased profits
In the 2022 annual general meeting of shareholders, many commercial banks announced that profits increased sharply in the first quarter of this year.
Customers suffer as SMS banking service fees climb
Many people, on February 20, reported that the service fee for notifying balance changes via phone messages (SMS Banking) in January 2022 of some banks was 5-7 times higher than before the Lunar New Year, which took many people by surprise. They have reacted by suspending the service.
Banking industry shows good performance
Recently released financial statements of the third quarter of this year of commercial banks showed that banking industry has continued to flourish with extremely positive profit growth, in which a large part was contributed by revenue from services.