Nedbank loan book doubles

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NEDBANK Zimbabwe says its loan book doubled year-on-year to June, 30, 2024 resulting in significant growth in net interest income.

The company is expected to publish its half-year to June 2024 financial results at the end of this month pending regulatory approval.

Addressing the media on a virtual platform last Tuesday, Nedbank Zimbabwe managing director Sibongile Moyo, however, disclosed that the bank registered a positive bottom line for the period and will declare an interim dividend which was in part driven by growth in interest income.

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