DBSA reports a net interest income increase of 18%.
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GUEST – Boitumelo Mosako - DBSA CEO
The DBSA continues to operate financially sustainably despite a challenging environment marked by high interest rates, subdued economic growth, worsening sovereign debt position of several African countries and challenges in the municipal and logistics sectors.
The Bank’s net profit decreased by 11.5% to R4.6 billion (2023: R5.2 billion), primarily due to lower foreign currency gains. However, the Bank’s sustainable earnings which exclude currency exchange gains or losses increased by 7% from R4.2 billion to R4.5 billion due to double digit growth in net interest income. The DBSA predominantly lends in USD and Euro to fund projects outside of South Africa.
The DBSA continues to operate financially sustainably despite a challenging environment marked by high interest rates, subdued economic growth, worsening sovereign debt position of several African countries and challenges in the municipal and logistics sectors.
The Bank’s net profit decreased by 11.5% to R4.6 billion (2023: R5.2 billion), primarily due to lower foreign currency gains. However, the Bank’s sustainable earnings which exclude currency exchange gains or losses increased by 7% from R4.2 billion to R4.5 billion due to double digit growth in net interest income. The DBSA predominantly lends in USD and Euro to fund projects outside of South Africa.