Banking sector profits grow to K4bn in 1st half of 2024
Published On October 15, 2024 » 516 Views» By Times Reporter » Business, Stories
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By KETRA KALUNGA –
THE banking sector has in the first half of 2024 reported a profit after tax of K4 billion compared to K3.9 billion in the same period in 2023, a Banking Industry Survey Report issued by PwC Zambia for the month of October has revealed.
The sector has also recorded a 46 per cent increase in profitability from K5.6 billion in 2022 to K8.3 billion in 2023.
This indicates an upward trajectory in profitability of banks with a substantial year-on-year growth in profits for commercial banks.

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