Steward Bank profits jump 37% to $2.6 mil
7 years agoTue, 01 Nov 2016 08:31:16 GMT
![Steward Bank profits jump 37% to $2.6 mil](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fsteward-bank-profits-jump-37-to-26-mil_rHu3IFa.webp&w=640&q=75)
Econet Zimbabwe owned Steward Bank reported a profit increase of 37% in the half year to 31 August 2016. The bank made $2,6 million in the six months, up from $1,9 million in the same period last year. Steward Bank has been in the black since FY 2016. In the 2015 full year, the bank ade a loss of $8.8 million.
Steward Bank chairman Bernard Chidzero said:
I attribute the growth to our bold strategy to pursue a new banking model anchored on transactional banking and a seamless integration with the EcoCash mobile money platform as central pillar.
FeedbackMore: The Source, Techzim
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