MyBucks eyes continued growth

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By Earlene Chimoyo

One of the High Street Banks, MyBucks is eyeing continued growth through acquisitions and mergers.

The group’s optimism comes on the sidelines of a profitable performance for the 2019 financial year.

In a published consolidated financial report the group is boasting of a K1.4 billion profit, which is an increase from the K822 million which was made in 2018.

The firm has recently completed its acquisition of NedBank Malawi, and its integration process of the merger.

According to Group Chairman Francis Perekamoyo, the performance is attributed to among other factors, an increase in their interest income.

Perekamoyo and the firm’s board are keen on continuing to grow the business through acquisitions and mergers.

 

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