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*Steward Bank Suffered A $21 Million Foreign Exchange Loss* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jk Steward Bank reported a $14.37 Million loss for 6 months leading to 31 August 2019 Newsday reports. The loss was mainly due to inflation and the rising operating costs. This was revealed by Steward Bank’s board Chairman Benard Chidzero who released a statement to accompany the banks’ financial results for the period in question. Chidzero said: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > …Consequently the bank exprienced foreigh exchange losses of $21 the continued devaluation of the RTGS poses a risk to Steward Bank’s Balance sheet. Cassava and Econet also posted foreign exchange losses, for the period in question. itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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