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…
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.