Ecobank’s income surges 55pct

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ECOBANK Zimbabwe (Ecobank) says its half-year operating income grew 55 percent year-on-year from $9,74 billion to $15,08 billion in inflation adjustment terms, driven by significant foreign exchange earnings.

In a statement accompanying the bank’s half-year results for the period ended June 30, 2022, managing director Moses Kurenjekwa said non-interest income also marginally contributed to revenue performance.