Stanbic post 180% profit

STANBIC Bank Zimbabwe (SBZ) posted a 180,4% increase in profit after tax of $49,9 billion in the year ended December 31, 2022, owing to over 100% growth in non-interest and net interest income.

The rise in profit after tax is from a 2021 comparative of $17,8 billion.

In a statement attached to SBZ’s results under review, the bank’s chief executive officer, Solomon Nyanhongo said growths in the bank’s loan book and digital transactions helped boost net interest and non-interest incomes, respectively.

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