Stanbic makes profit of $21 million despite 11 percent drop

Stanbic Bank Zimbabwe made a profit of $21,2 in 2016. This was an 11 percent drop in profit after tax from $23,9 million in 2015.

Income from fees and commission dropped seven percent from $36,1 million in 2015 to $33,5 million last year due to market-wide cash shortages as well as a bank charge reduction ordered by the central bank.

More: New Zimbabwe

WhatsApp Discussions

Click to subscribe to a Pindula WhatsApp Group:
https://chat.whatsapp.com/7PmwYy6sFWAENU3qpElNtE

If you find the group full, please notify us on +263 777 707 852 and we'll update the link.

Daily Email Brief

Get the top news delivered to your inbox every day.

Leave a Reply

Your email address will not be published.