It is pleasure that I present the audited financial statements of GetBucks Microfinance Bank Limited (“the bank”) for the year ended 30 June 2017, 18 months since we were granted our Deposit Taking License and Listing on the Zimbabwe Stock Exchange and five months since the launch of Zimbabwe’s first Listed Medium-Term bond.
The Zimbabwean operating environment during the period under review was challenging however I am happy to report that despite many difficulties the business continued to return a healthy profit. Significant challenges continue to be experienced on the cash and Nostro payment platforms because of the country’s negative balance of payments position.
Despite these, the bank has been able to operate normally in an environment of cash shortages by using all locally available electronic payment channels for payments and receipts. The bank is a full participant on RTGS, Zimswitch and all mobile money platforms and will continue to leverage on this capability to ensure uninterrupted service for its customers. We believe there are opportunities abound on the market to deliver value to customers and shareholders alike.