29.1 C
Harare
Sunday, November 28, 2021
Non-funded income increased to ZW$958.52 millionLoans and advances up 11%Profit grew to ZW$517.61 million Harare – Standard Chartered Bank posted a 100% surge in inflation adjusted non-funded income to ZW$958.52 million for the half year ended 30 June 2021 from ZW$478.48 million in...
HARARE – Steward Bank reported an inflation-adjusted loss of ZWL903.4 million in the full year to 28 February 2021, 17% wider than a prior-year loss of ZWL773.2 million. Likewise, an inflation-adjusted total comprehensive loss of ZW$940.2 million was recorded in the period, 77% worse off than...
Loss widened by 408%Operating expenses surged to ZW$136.64 millionAccumulated losses increased by 19%Total income grew to ZW$127.87 million Harare – GetBucks Microfinance Bank Limited’s inflation adjusted loss widened by 408% to ZW$21 million for the half year ended 30 June 2021 from a...
Profit for the period tumbled 83%Net interest income increased to ZWL716.19 millionFee and Commission income up 128%Total assets improved by 15%Loans and advances grew 67% Harare - NMB Holdings Limited, the parent of NMB Bank Limited has recorded a 17% decrease in inflation...
Harare – NMB Bank Limited (NMB) said in a notice circulated on Friday that it has appointed Margret Chipunza as the Chief Finance Officer (CFO) effective September 1, 2021. She replaces Benson Ndachena who according to the Bank is leaving on 30 September 2021 to pursue...
Ken Chitando appointed new MDHe brings wealth of banking experience locally and in the region HARARE - AFC Commercial Bank, formerly known as Agribank, has announced the appointment of Ken Chitando as managing director effective 1 September 2021. “A...
Key Highlights: Recorded ZW$5.8 million lossOperating expenditures grew to ZW$98.8 millionNet interest income increased by 90% to ZW$40.6 million HARARE – State-owned micro-finance banking unit, Empower Bank saw a slow start to the year, citing low liquidity during the first...
Total assets increase to ZWL52.54 billionNet interest income up 88%Fees and commission improved by 37%Loans and advances decreased by 10% Harare – Amidst slowdown in annual inflation and growth expectation from the authorities, Ministry of Finance, International Monetary fund, and World Bank, Ecobank...
Profit increased to ZWL334.7 millionLoans and advances were up 100%Fees and commission income improves to ZWL857.8 millionAgribank will be transformed into the AFC Commercial Bank Harare – Agribank’s inflation-adjusted profit surged 664% to ZWL334.7 million for the half year ended 30 June 2021...
Income tax expense was US$10.7 millionNet interest income increased to US$46.3 millionTotal assets grew by 1.1% Harare – ABC Holdings Limited the parent company of Sub-Saharian Africa banks operating under the BancABC brand narrowed its loss after tax by 64% to US$2.7 million...