HomeBusiness

MetBank posts after tax profit of $660 000 for 2016

6 years agoFri, 31 Mar 2017 09:11:43 GMT
Share on FacebookShare on TwitterShare on LinkedIn
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.

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

More: The Source

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback