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Agribank in $4,6m profit

THE Agricultural Development Bank (Agribank) says it recorded a profit of $4,6 million for the five months to May 31, 2019 — $900 000 more than the projected $3,7 million, representing a positive variance of 23 percent. Agribank chief executive Sam Malaba said the financial institutions’ year to date cost to income ratio was 75…

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