Microfinance Bank, Getbucks, has recorded a $3 million profit for the 6 months ended December 31, 2018. This is a 16% increase from a $2.6 million recorded in 2017.
Said Rungano Mbire, the GetBucks chairperson:
“This result was achieved through increased net income of $8,3 million from $6,4 million in the prior year. Interest expense increased by 137 percent as the bank increased borrowings in response to higher demand for lending from customers,”
GetBucks said it is still assessing the impact of recent central bank governor’s announcement of the introduction of RTGS$.
GetBucks declared a 0,054 cents dividend per share.