MetBank posts after tax profit of $660 000 for 2016

Metbank Zimbabwe announced that its after-tax profit for 2016 was $660 288. This is more than double what it made in 2015 when it made $259 510.

Operating income rose 90 percent from $3,6 million in the previous year to $6,9 million. Net interest income declined by 94 percent from $4,3 million in the previous year to $251,987.

chairman Wilson Manase said:

The bank continues to be aggressive in its loan collection and recovery efforts whilst underwriting a new book with caution.

Non-performing loans declined to 3,1 percent a result of aggressive loan collection and a cautious lending strategy.

More: The Source

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/FJ2UZrcJw2HB0NknmvURki

Telegram Group:

Back to top

Write a Comment

Your email address will not be published.

Share Full Post

Nyaradzo logo

RSS Recent Profiles Created