ZIMBABWE’S banking sector continues to see a shift where non-funded income, driven by currency revaluations and fees, is making more money than traditional earnings.This trend, which has developed over the past few years due to ongoing currency instability, saw interest income from loans drop further to 13,5 percent.This persistent reliance on non-funded income is causing…
Non-funded income dominates banking sector revenue mix
Zimbabwe’s banking sector has shown remarkable resilience amid these long-standing economic challenges, but experts are increasingly urging financial institutions to diversify their revenue streams to ensure long-term sustainability, particularly given the unpredictable nature of currency movements.