‘Policy inconsistency imperils local banks’

A LOCAL research firm says banks in Zimbabwe continue to be impacted by the country’s “volatile” policy environment while business leaders and other experts have long characterised the country’s policy landscape as “inconsistent”.
“Income mix for local banks has been largely reflective of conservative lending practices, with non-interest income being the major contributor within the past six years,” IH Securities said in a recent note.

“Increased FCA balances in the banking system have enabled USD-denominated business and as such 65,9 percent of loans are foreign currency denom