Stanbic Bank Zimbabwe posts ZWG1.7 billion full-year profit, up 48%

BusinessBankingNewsStanbic Bank Zimbabwe posts ZWG1.7 billion full-year profit, up 48%The bank’s net interest income grew by 77 percent to ZWG 1.8 billion, underpinned by a 57 percent expansion in the average lending book to ZWG13.4 billion, supported by growth in deposits and drawdowns on offshore lines of credit secured during the year.ByBusiness ReporterApr 1, 20263650 Stanbic Bank Zimbabwe posts ZWG1.7 billion full-year profit, up 48% The bank’s net interest income grew by 77 percent to ZWG 1.8 billion, underpinned by a 57 percent expansion in the average lending book to ZWG13.4 billion, supported by growth in deposits and drawdowns on offshore lines of credit secured during the year.