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Harare
Friday, July 30, 2021
HARARE – The Banking industry is in a digital arms race. Following the outbreak of COVID-19, we’ve seen local banks – in line with global trends, accelerating digital innovation which is key in optimising the customer experience. For many retail banks, online and mobile channels have...
Reports ZWL44.8 million lossOperating expenses increased by 39% to ZWL160 millionTotal income up 12% to ZWL119 million HARARE – Getbucks Microfinance Bank Limited (GMBL) on Tuesday reported widening of its net loss by 159% to ZWL44.8 million in real terms for the year...
Harare - Stanbic Bank Zimbabwe has been named the 2021 Best Investment Bank in Zimbabwe by the London-based Global Banking & Finance Review. The Standard Bank Group subsidiary continues to cement its status as the country’s leading financial services institution after also...
·         Total assets up by 17% ·         NPLs drop to 0.44% ·         Property and equipment increase by 25% Harare- NMB Holdings has issued an update for the year ended 31 December 2020, saying the Group’s total assets increased by 17...
Post ZWL$127.3 million profit after taxOperating income grew to ZWL 3.4 billionSignificant digital enhancements undertaken in 2020 HARARE – Nedbank Zimbabwe Limited emerged from prior year setbacks, with an impressive financial performance for the year ended 31 December 2020.
Standard Bank named best bank in AfricaDemonstrate Bank’s commitment to drive positive socio-economic impacts across its markets in Africa. Harare – South Africa based Standard Bank Group; the parent of Stanbic Bank Zimbabwe has been named the Best Bank in Africa in Global...
Inflation adjusted profit after tax of ZWL1.1 billion3.1 billion profit for the year under review in historical cost termsInflation adjusted net interest income declined by 18 percent Harare – Stanbic Bank has posted an inflation adjusted profit after tax of ZWL1.1 billion for...
The auction system is faring good in many respectsDespite helping to moderate the rate of ZW$ depreciation, the auction market has reflected some significant imbalances in the economy Harare – The forex auction system introduced by Reserve Bank of Zimbabwe (RBZ) on June...
Vuma now vice chairman of IADI-ARCIADI represents 86 deposit insurers The Chief Executive Officer of the Deposit Protection Corporation (DPC), Vusilizwe Vuma, was elected the new Vice-Chairperson of the International Association of Deposit Insurers, Africa Regional Committee (IADI-ARC) at the recently held virtual...
Syndicates believed to be using letter-box companiesSome companies involved in transfer pricingThe cycle continues and benefits a corrupt few Harare – The Zimbabwe Coalition on Debt and Development said nefarious and rent-seeking dealings on the auction-rate system by some rogue companies warrant urgent...