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*Metbank In $8.1 Million Half Year Profit*

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Metbank has reported a profit of ZWL $8.1 million in the 6 months ended 30 June 2019.

In its financial statements for the period, the bank’s chairman, Darlick Marandure said:

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> The bank reported a profit after tax of ZWL $8.1 million for the half year period, this being significanlty better performance to the results from previous financial years.

> The bank also realised reasonable growth in loans and deposits compared to the previous periods. The bank’s statregy is seeing the unfolding of a solid balance sheet from whic sustainable profits will follow.

> The bank is is still on course to achieve the regulatory minimum capital of $100 million by the year 2020, in line with its five-year capitalisation plan. As of 30 June 2019, the bank’s capital was at $67 million…

> The bank continues to pursue its five-year startegic plan through focusing on financing property developments, mortgage financing and the traditional commercial banking.

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