Agribank posts US$4.8 million profit

Agribank posts US$4.8 million profit

By Michael Gwarisa AGRO financial services concern Agribank registered a US$4.8 million profit for the period ended 31 December 2016 at the back of a myriad of cost containment strategies the bank adopted over the period under review. The profit according to the bank’s Chief Executive Officer Sam Malaba is a massive improvement from the US$6.3 million loss that was recorded in 2015. “The positive performance marked an indication of the solid turnaround for the bank premised on the implementation of a range of turnaround initiatives following the capitalisation of…

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