Interest from TBs boosts Ecobank income

ECOBANK Zimbabwe last week reported a 123,4 percent increase in profit after tax for the year ended December 31, 2017, buoyed by interest income from its investments in Treasury Bills (TBs). The bank reported a profit after tax of $22 million, up from $9,9 million the previous year. In a statement accompanying the bank’s financial results,…

Subscribe to read full article. Subscribe today

Related posts

Stanbic Bank posts ZWG1,7 billion full-year profit

Innscor seeks sugar tax reform

African Sun shareholders approve delisting

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More