Fees, commissions to propel banks

Fee and commission income will propel banking sector’s profitability as the cash-starved economy resorts to more cashless transactions, a research firm has said.
BY TATIRA ZWINOIRA

In its report, Zimbabwe Economic Review and Outlook, Econometer Global Capital said the continued use of bank transfers and card payments will support deposit growth.

“Strong fee and commission income will continue to support profits, which grew from $181,06 million in 2016 to $241,94 million in 2017.

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