Steward’s interest income surges

STEWARD Bank (Steward) is reaping rewards of revenue generated by interest-bearing assets against the cost of servicing liabilities, after its net interest income rose to $706 million for the half year to August 31, 2021, from $206 million prior year.
In a statement accompanying the bank’s financial results, chief executive Courage Mashavave said the bank’s financial performance improved during the period, leveraging on the digital thrust it has been pursuing.

The bank saw an improvement in financial performance during the half year under review, recording inflation-adjusted net interest income of $706 million, a 243 percent increase from $206 million in prio