ZDB Financial Services now seems to be out of the doldrums. After recording paltry profits of under $30 million for two consecutive years, the institution last year recorded a five-fold increase of $156.9 million, up from $26.4 million the previous year.
Interest and other income increased from $59.1 million to $608.9 million with fees and commission income shooting from $8.1 million to $65.5 million.
Operating income increased from $54.3 million to $297.9 million.
Its balance sheet also increased almost ten-fold from, $257.2 million to $2.5 billion.
The institution says the current initiatives by business, labour and the government should enable the country to recover.
It is also confident that the current problems the country is facing are temporary.
(17 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…