State owned farming development institution Agribank posted a $4 million profit for the year 2016. Agribank joined other banks in making a profit in 2016 after posting losses for the past 7 years. The bank was also helped by the fact that the government gave the institution a $40 million capital injection.
Speaking to ZBC News, the bank’s chief executive officer Mr Sam Malaba said:
There is more that can be done to unlock growth opportunities for the bank and enhance liquidity portfolios in the future
More: ZBC News