Farai Mabeza, Senior Staff Writer 
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STANBIC Bank Zimbabwe (Stanbic) says its profit declined by $100 million to $1,2 billion during the half-year to June 30, 2021, due to the impact of the Covid-19 pandemic.
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Stanbic’s board chairman, Gregory Sebborn, said the bank’s operating expenses increased from $2,7 billion to $3,2 billion during the period, driven by expenditure of $430 million incurred in a staff optimisation exercise.
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