ZB FINANCIAL Holdings says its total income grew by 122 percent during the year to December 31, 2021, to $11,7 billion, due to an improvement in non-funded-income.

Banking commissions and fees also contributed significantly, rising by 83 percent from $1,84 billion in 2020 to $3,37 billion last year.

The fair value adjustments increased by 1 526 percent from $218 million in 2020 to $3,54 billion during the year, mainly as a result of improved performance of the Zimbabwe Stock Exchange and investment property valuations.

Net interest income registered a solid performance during the year 2021, rising by 212 percent from $1,06 billion in 2020 to $3,30 billion in 2021