By BUUMBA CHIMBULUZAMBIA’S banking industry remains fairly well capitalised and operationally resilient despite the turbulence in the foreign exchange market in dollar scarcity and sovereign strains.The digitisation curve has and is expected to drive competitiveness in 2021 with many players with cards under their sleeves waiting to unleash.Results for the first quarter of 2021 has seen more banks in positive earning zone while risk themes identified gravitate around investment in shorter dated assets such as treasury bills, says the Kwacha Arbitrageur Magazine.According to an analysis by the Magazine, players remained cautious about duration risk while having appetite for local currency denominated sovereign deals such as Farmers Input Support Programme (FISP) whose participation had increased with a three times bigger budget pronounced by the authorities.It indicated that first quarter financial results for banks in Zambia signalled appetite for sovereign deals and a risk skew towards shorter dated higher yielding assets inferred from income decomposition, asset and […]
‘ZAMBIA’S BANKING SECTOR RESILIENT’
