‘Ledger fees’ major revenue source for Zim banks

With little money to lend, Zimbabwe’s banks continue to make most of their money from bank fees, with asset revaluations boosting their books.

In 2024, fees made up 22% of banks’ income. The core role of banks — lending — made just 13.46% of banks’ income.

Small businesses, women and young people are getting only a fraction of Zimbabwe’s bank loans.

In December 2024:• Just 7.5% of bank loans went to SMEs

• Women got less than 7% of all loans
• Only 3.8% of loans went to young people.

NewZwire