Big banks in mixed fortunes | The Times Group:
'via Blog this'Big banks in mixed fortunes
Posted By: Chimwemwe Mangazi on: August 21, 2017 In: Business No Comments
Two of the country's biggest banks' National Bank of Malawi and Standard Bank have registered
mixed fortunes-in profits, in the first six months of the year, their half-year financial results have
showed
National Bank has registered a 22 percent growth in its group pre-tax profit to K14.4 billion by
June 30 when compared to the KII .8 billion it registered in the same period last year. Standard
Bank, on the other hand, has registered an 11.8 percent decrease on its profit before tax after
posting KII .1 billion in the same period, compared to K 13.6 billion.
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