POSB expects higher 2018 profit

POSB expects higher 2018 profit
POSB posted a profit of $11,3 million in the year to December 31, 2017, from $9,68 million in 2016.

POSB posted a profit of $11,3 million in the year to December 31, 2017, from $9,68 million in 2016.

THE People’s Own Savings Bank (POSB) is expecting increased profits in the year to December 31, 2018 on the back of growth in retail and corporate banking as well as mortgages.
POSB chairperson, Matilda Dzumbunu, said the bank was also targeting giving access to financial services to a larger proportion of the country’s population.
“In light of the… impressive performance the board will maintain its focus on the implementation of the bank’s five-year strategic plan to ensure there is operational stability, delivery of strong business results and unwavering commitment to financial inclusion and customer service,” Dzumbunu said.

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