POSB Posts Record $10.28M Profit Amid Economic Strain

People's Own Savings Bank reported a record net profit of US$10.28 million for 2025, CEO Garainashe Changunda announced, citing disciplined financial management, NewZimbabwe.com reported. The state-owned bank's performance contrasts sharply with the broader economic hardship facing most Zimbabweans, who struggle with high inflation and unemployment. The record profit raises questions about whether earnings stem from aggressive lending or fee income that burdens low-income depositors. Critics argue that the bank's profitability may come at the expense of financial inclusion, as high charges deter the unbanked and undermine public trust. POSB's profitability is tied to a fragile dollarized economy, forcing the bank to navigate the tension between commercial success and its developmental mandate to avoid a public backlash and regulatory scrutiny.