Zim banks’ profits top $466m

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ZIMBABWE’S banking sector recorded $466 million in profits last year due to sustained growth in money supply for the first nine months of 2018, an equity advisory firm has said. Money supply in 2017 was $5,6 billion but closed 2018 at just under RTGS$10 billion. Old Mutual Securities (OMSEC) said financial institutions’ net interest income…