Steward Bank trims staff costs

The bank recorded a profit before tax (PBT) of ZiG213 million, which was 20 percent ahead of prior year performance.

STEWARD Bank plans to slash staff costs to below 10 percent of revenue in the medium term as part of an ongoing restructuring program to streamline operations leveraging technology.As a result of a scheme of reconstruction with Econet Wireless Zimbabwe last year, EcoCash Holdings ceded all fin-tech units but retained the status of a bank…

Subscribe to read full article. Subscribe today

Related posts

Delta quells share price concerns

Housing product bolsters Fidelity income

Dairibord eyes capacity expansion

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