The operating environment during the first half of the year was marked by a more positive macroeconomic sentiment characterized by improved foreign currency availability through the RBZ auction system, increased economic activity, and moderating annual inflation. Lending rates declined in the first quarter of the year mainly for large corporate borrowers due to increased liquidity. However, interest rates continued to lag behind inflation. In historical terms, the Bank’s total deposits increased to ZWL$9.8bn, a 11% increase from ZWL$8.8bn recorded in December 2020...
