Traditional Culture Encyclopedia - Traditional culture - Advantages and disadvantages of traditional banks?

Advantages and disadvantages of traditional banks?

The traditional banking business is to absorb deposits and issue loans, and the profits of banks mainly come from deposit-loan spreads. Advantages are long business development time, perfect examination and approval system and low legal risk; The disadvantage is that banks have little authority to decide interest rates independently in China, so the products are similar, the competition is great and the profit is low;