Zero Pindula

WhatsApp Message

*Banks record 30% increase in profits*

*Follow Pindula on WhatsApp for daily new updates*
https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?tz

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:

----------
itel A70 256GB
$99USD

WhatsApp: https://wa.me/+263715068543
Calls: 0772464000
----------

> 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*