Standard Bank's Zimbabwe unit's 2014 profit up 13 percent

March 31, 2015 2:14 PM

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HARARE, March 31 (Reuters) - Standard Bank's Zimbabwe unit reported on Tuesday a 13 percent jump in 2014 profit to $20.7 million after raking in higher fee and commission income in a sector affected by high levels of bad debts and bank closures.

Unlisted Stanbic Bank Zimbabwe said Zimbabwe's economy was this year expected to remain weak, after the country experienced low commodity prices and lack of foreign investment last year.

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