GetBucks Makes $3 Million Profit
5 years agoSat, 02 Mar 2019 15:54:19 GMT
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 $6,4 million in the prior year. Interest expense increased by 137 percent as the bank increased borrowings in response to higher demand for lending from customers,”
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GetBucks said it is still assessing the impact of recent central bank governor’s announcement of the introduction of RTGS$.GetBucks declared a 0,054 cents dividend per share.
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