ECOBANK posted a half-year profit of ZWG451,9 million for the period ended June 30,2024 which was 114 percent above prior year driven by non-interest income.
Fees and commissions income reached ZWG155,5 million partly offset by fees and commissions expenses which stood at ZWG26,1 million.
“The monetary policy changes arrested the surging exchange rate between local currency and United States dollar which in turn promoted a positive outlook and stable operating environment for businesses operating in Zimbabwe,” Ecobank chairman Emmanuel Gwatidzo said in a statement accompanying the financials.