Business

Forex generation fuels Steward Bank’s net funded income growth

STEWARD Bank, Zimbabwe’s largest bank by depositors, has reported a 111 percent surge in inflation-adjusted nonfunded 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…

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