STANBIC Bank Zimbabwe (Stanbic) says net interest income for the half year ended June 30, 2022 grew by 66 percent, anchoring the bank’s revenue growth.
The financial institution’s chief executive, Solomon Nyanhongo, said the growth in net interest income was largely spurred by the strong growth in interest earning assets as new lending assets were written compounded by the upward review of interest rates to 200 percent during the period under review.
Advertisements
Stanbic Bank incoming CE – Solomon Nyanhongo
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased