Time Bank had a strong performance with net profit increasing from $679.7 million to $2.1 billion last year.
Net interest income increased from $994.3 million to $2.9 billion while fees and commissions declined from $161.9 million to $147.5 million.
Other income, however, shot up from $57.4 million to $775 million and operating income increased from $1.4 billion to $3.9 billion.
The bank set aside $738 million for bad and doubtful debts, up from $82.2 million the previous year. Its asset base increased from $16 billion to $43.9 billion.
(35 VIEWS)
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…