Non-funded income drives banks

BANKS in Zimbabwe are relying on non-funded income due to the heightened risk posed by the current inflationary economy, a new report has shown.

In an investment market review report for the first quarter of the year, Akribos Research Service (Akribos) said non- performing loans were declining as bank’s lending appetite was weakening. “Looking at data from the Reserve Bank of Zimbabwe (RBZ), bank loan to deposit ratios (LDR) have gone down from an average of 86,07 percent in 2015 to 56,64 percent i