Nedbank profit soars

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NEDBANK Zimbabwe (Nedbank) says its inflation-adjusted profit for the year ended December 31, 2022 rose 311 percent to $12,77 billion from $3,1 billion in the comparative period on the back of increased funded and non-funded income. Unrealised foreign exchange gains contributed 70 percent of the increase in non-funded income, which rose by 205 percent. In…