Banks Post Profits Despite Cash Shortages Faced By Customers: Here Is A List Of Banks That Made Profits

   

March is that time when most banks in Zimbabwe publish their financial results. Last year’s banking environment was affected by many negative factors including chronic cash shortages, illegal multi-tier pricing, foreign currency shortages, termination of some services that required foreign currency etc. In that light, it is understandable¬†that one can expect bad performance for the majority of banks but surprisingly the few results that have been published already are promising good results for the remaining¬†12 banks.

Here is a list of the 8 banks that have published their results. We will keep on updating the list as more banks publish their financial statements.

Ecobank $22million profit

Ecobank

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Cabs$ 27.8million profit

CABS Centre

NMB Bank Limited $9.9million profit

Zimbabwean Banks, financial services in Zimbabwe, African banks, Harare banks

ZB Bank $15.5million profit

ZB Bank

Agribank $7.9million profit

POSB $11.3million profit

FBC Holdings $23million profit

FBC Bank

Stanbic $27.6 million


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