Published: 30 August 2013

Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income.

Fee and commission income, according to the bank's chairperson Stenford Moyo, grew by a marginal 1% to $14.4 million due to a reduction in bank charges following the implementation of the memorandum of understanding (MoU) between banks and the Reserve Bank of Zimbabwe.
- newsday

You might also want to read this

• Zimbabwe's outlook remains bleak - Stanbic
• Stanbic responds to clients
• Stanbic pours $164 million into mines
• Stanbic Zim unveils special financing for exporters
• Stanbic Bank deposits clock $1.2 billion
• Stanbic Bank posts impressive profits
• Stanbic offers 50% home equity loans
• Stanbic Bank Zimbabwe wins $6m lawsuit
• Stanbic Bank wins $6m lawsuit
• Stanbic urges uptake of insurance products