Agribank posts profit for the first time since 2009

Posted by Maveriq

State owned farming development institution Agribank posted a $4 million profit for the year 2016. Agribank joined other banks in making a profit in 2016 after posting losses for the past 7 years. The bank was also helped by the fact that the government gave the institution a $40 million capital injection.

Speaking to ZBC News, the bank’s chief executive officer Mr Sam Malaba said:

There is more that can be done to unlock growth opportunities for the bank and enhance liquidity portfolios in the future

More: ZBC News

 

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