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*Banks record 30% increase in profits* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?no In its latest banking industry quarterly report the Reserve Bank of Zimbabwe (RBZ) says the banking sector recorded a 30 percent increase in profits to $111,3 million in the third quarter of 2016. The central bank also said total banking sector deposits grew to $6,14 billion from $5,67 billion in the previous quarter which accounts for 8,29 percent increase. Part of the report reads: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > The banking sector remained profitable during the period ended September 30, 2016, with an aggregate net profit of $111,30 million, representing an increase of 29,28 percent from the $86,09 million reported for the same period in 2015. A total of 17 out of 19 operating banking institutions recorded profits during the period ended 30 September 2016. More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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