Beverley Building Society, one of the societies that was worst hit by the local currency cash crisis, is fast catching up with the country’s largest building society, CABS.
Its assets almost trebled from $19.8 billion to $57.7 billion during the year ended June.
It paid out $9.8 billion to 684 applicants in mortgage advances with $5.3 billion going to those either buying or building their own houses and $2.6 billion to the commercial and industrial sector.
Interest income increased from $3.1 billion to $12.2 billion with net interest income at $7.1 billion, up from $2.3 billion.
Other income brought in $1.1 billion, compared with $419.3 million the previous year.
The society had a surplus of $4.1 billion. It had a surplus of $1.3 billion the previous year.
(18 VIEWS)
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…