Standard Chartered records $6.1 m profit

HARARE – Standard Chartered Bank of Zimbabwe Limited has recorded an after tax profit of US$6.1 million for the first half of 2016.

By Bornwell Matowa

In a statement accompanying the company’s financial results, Group Chairman, Samuel Rushwaya, attributed the significant uplift on the back of cost efficiencies attained in the first half of the year as the bank continues to innovate as well as improve its systems and processes.

“Considerable efforts have been made to contain loan impairment through closely monitoring our client’s business activities and assisting them with meeting their debt obligations,” he said.

Rushwaya also added that revenue momentum had however declined occasioned by the prevailing tough market conditions, but still remained confident the bank would meet the targeted capital of US$100 million by 31 December 2020.

Meanwhile, the bank, in its sustainability approach to business, will ensure that it delivers value through its economic, environmental, governance and social contributions to the communities where it operates.

Going forward, adds Rushwaya, the bank seeks to achieve leadership on the digital front whilst working with industry players in promoting the use of electronic money for the convenience of its clients.

The bank also seeks to raise the bar in the industry on Financial crime compliance as they believe that building a strong compliance culture will not only protect its clients in the short term, but will also benefit the industry’s operating environment.

Standard Chartered Bank has also committed themselves to the growth and development of the African Continent as they announced the launch of ‘Here for Africa’ campaign. -263chat

Share this:

Arts & Entertainment

Arts & Entertainment

Zakaria brings new album to Mutare

21st May 2017 Staff Reporter 0

SUNGURA virtuoso, Nicholas Zakaria has embarked on a promotional tour outside Harare to market his newly-released album, “Takakomborerwa” which features his understudies, Alick Macheso and Zakaria Zakaria. This will be the first time the veteran […]

Arts & Entertainment

Queen Vee ropes in Freeman

21st May 2017 Staff Reporter 0

R‘n’b/Pop singer Vanessa “Queen Vee” Sibanda seems smitten with the dancehall flare as another new single featuring local chanter Freeman is set for release soon. By Kennedy Nyavaya Titled Stress Free, the track was produced […]

83 Trackbacks & Pingbacks

  1. Standard Bank’s Zim unit backs down on new terms – 263AfricaNews
  2. Mnangagwa insists there is no way Zimbabwe will overprint bond notes because this is a tri-partite arrangement - Zimbabwe Consolidated News
  3. Value of financial transactions up 23pct following bond notes injection – 263AfricaNews
  4. ‘Death Spiral’ Looms for Zimbabwe Economy as Cash Runs Out – 263AfricaNews
  5. Google
  6. sex toy
  7. Google
  8. malayalam movie
  9. Kenworth K360
  10. 오버워치대리
  11. Acoustic
  12. domain names
  13. superior auto institute
  14. Double Penetration Toy
  15. free download for windows 8
  16. superior auto institute review
  17. app download for windows 8
  18. best coffee of kona
  19. lion kona coffee
  20. coffee beans from kona
  21. app download for windows 8
  22. miniclip games
  23. extension sleeve
  24. app download for windows 10
  25. menage a trois harness
  26. Butt Plug
  27. full apps download
  28. Sex Toy Rabbit
  29. Chaga Pilz
  30. Masturbator
  31. mulvadi kona coffee beans
  32. mulvadi pure kona
  33. papaw
  34. legitimate work at home jobs
  35. best anal toy
  36. Buy android reviews
  37. προωθηση
  38. peru vacation
  39. cash loans
  40. Toy Papi
  41. sex talk
  42. meath
  43. forex signal list pro
  44. Free Internet Radio
  45. buy youtube views usa
  46. headset microphone for fitness instructors
  47. microfon spion
  48. tractor dealership fl
  49. top smm panel
  50. best butt plug
  51. buying dildo
  52. data recovery software
  53. Weight Loss Pills
  54. 韓国エスコートアガシ
  55. pc apps for windows 7
  56. free download for windows 7
  57. pc games for windows 7
  58. Inspection in China
  59. sex tips
  60. classes
  61. how to make money working from home
  62. beat store
  63. 又甜又辣dvd
  64. Permits
  65. iPad repair
  66. robert
  68. Must Try Sex Toys
  69. TensorFlow
  70. dental implants
  71. mudra
  72. Strap On Dildo
  73. Footwear for police officers
  74. adam and eve
  75. Enterprise Web Hosting
  76. luxury kinds store
  77. 2017 New Jordans Shoes on Sale
  78. 100% kona coffee
  79. everyday deals washington
  80. Double Headed Dildo
  81. dependência química
  82. Rheumatism Oil
  83. Internet Marketing

Leave a Reply

Your email address will not be published.