Development Bank of Southern Africa more than doubles profits
Growth in net interest income from lending, stabilised credit losses, more cash collections and repayments from the development loans boosted profits
19 August 2022 - 14:46
UPDATED 19 August 2022 - 16:29
The Development Bank of Southern Africa (DBSA) more than doubled its profits in 2022 because of growth in net interest income from lending, stabilised credit losses, more cash collections and repayments from development loans.
Net profit is up 168% to R3.8bn for the year to end-March for the finance institution, which is one of the shining lights in the failing state-owned enterprise landscape...
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