STEWARD Bank, Zimbabwe’s largest bank by depositors, has reported a 111 percent surge in inflation-adjusted non-funded income, reaching $745 billion for the fiscal year ending February 29, 2024.
This impressive performance was driven by significant growth in foreign currency generation.
Despite tighter liquidity conditions leading to a 37 percent decline in net interest income to $115 billion, Steward Bank managed to achieve an after-tax profit of $68.5 billion during the same period.