CBZ profit surges 24,7pct on higher income

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CBZ Holdings (CBZ) has posted a 24,7 percent increase in its inflation-adjusted profit to $33,04 billion for the year ended December 31, 2022, compared to $26,49 billion recorded in the comparable period of 2021.
The increase was buoyed by non-interest income, which surged 125,47 percent to $179,02 billion and interest income, which went up by 16,41 percent year-on-year to $87,21 billion compared to $74,91 billion in 2021.
Non-interest income to total income was up 70,4 percent during the year under review compared to 54,3 percent in 2021.
The diversified group recorded a total comprehensive income of $43,04 billion, a year-on-year increase of 32,4 percent compared to $32,51 billion recorded in 2021.