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*Banks record 30% increase in profits* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zg 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: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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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