Leading financial services institution, Stanbic Bank, has posted a historical cost profit of ZWG27.1 million for the six months ended 30 June 2024 amid changes in functional currency from ZWL.
The historical cost profit of ZWG27.1 million was achieved after taking into account the technical losses of ZWG389 million (ZWG319 million net after tax) incurred on the investment property portfolio.
In a statement accompanying the results, Stanbic Bank Chief Executive Solomon Nyanhongo said without these…
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