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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?py 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: ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > …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. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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