Royal Bank, one of the latest commercial banks in the country, made a profit of $70.2 million in its first eight months of operation, but it already had seven branches, the flagship branch being in Harare and others in Bulawayo, Chegutu Chipinge, Gwanda, Karoi and Nyanga.
The bank had interest income of $864.8 million with a net interest income of $301.2 million. It had dealing profits of $267.4 million, fees and commission income of $92 million.
Profit before tax stood at $227.9 million. It wrote off pre operational expenses of $65.9 million and paid tax of $91.8 million remaining with a net profit of $70.2 million.
(45 VIEWS)
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…