Banking sector profits increase
Published On September 5, 2023 » 947 Views» By Times Reporter » Business, Stories
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• FINANCIAL inclusion consultant Betty Wilkinson second from left) stresses a point during the launch of the PricewaterhouseCoopers 2022 banking survey panel discussion. Other panelists included Andrew Chibuye PWC country senior (left), Citi Bank Chief Executive Officer Lowani Chibesakunda and Bank of Zambia deputy governor Francis Chipimo.

By ANDREW MULENGA –
THE PricewaterhouseCoopers (PwC) seventh 2022 banking survey has indicated that the banking sector’s  Profit  After  Tax  (PAT) increased to K5.6 billion in 2022 from K5.1 billion in 2021 as the congruency rose to 8.6 from 4.5.
The survey whose results were launched recently attributed the bank’s profitability to the increase in interest income which hit K758 million mainly due to the growth in lending as well as government securities.

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