Farai Mabeza, Senior Staff Writer 
THE National Building Society (NBS) achieved an inflation adjusted surplus of $67 million for the year ended December 31, 2020, up from a profit of $53 million in the prior comparative period.
This was despite what the society termed an “adverse performance” in the first half of the year.
According to NBS, this was largely achieved through top line growth, diversification of the society’s product offering, and benefits of the inflation hedge held in non-monetary assets and disposals recorded on stands.
“…to diversify risks brought about by offering the core product, the society enhanced aggression into treasury and retail.
“This was done through the introduction of structured finance trading and structured housing finance, improvement of transactional capability and increased forex generation,” NBS said.
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