METBANK says its “decisive strategy” has led the bank to a strong financial performance despite a tough operating environment.
The bank recorded $547.8 billion income in 2023, compared to $66.8 billion registered in 2022 — amid a turbulent environment that was characterised by relentless inflation.
In a note accompanying the bank’s end of year financial performance, Metbank chairperson, Linda Chipunza, said the results were a testament of its resilience in a tough environment.
“For the year ended 31 December 2023, the bank reported a historical comprehensive income of $547.8 billion compared to $66.8 billion in the comparative period, underpinned by revaluation gains of our investment property portfolio — which was a result of decisive strategic actions made by the bank to hedge the balance sheet against exchange rate and inflationary pressures.