29.9 C
Harare
Tuesday, October 20, 2020
The move follows recapitalization of the institutionDPC to hand over management to board and senior management Harare – Lion Microfinance Limited is set to resume microfinance operations following its removal from curatorship. In a notice issued recently, the Reserve...
Noku assists clients with banking and insurance services on WhatsApp 24/7Noku provides a customer focused experienceNoku allows one to open an FBC Instant Account or Mobile Moola wallet on WhatsApp without visiting a physical branch. Harare - COVID-19 has mandated most businesses to...
Covid-19 spread has ensured that cash as a concept is now passé while touch-free payments take center stageTapping your card at a point of sale terminal that is enabled with contactless technology allows users to extract value from this evolving techStanbic recently stepped up functionality of FCAs...
The Bank seeks to minimize the spread of the COVID-19 and improve Customer serviceProductivity is one of the evident benefits resulting from paperless bankingKeeping paper out of the equation speeds up response times Harare – Financial institutions are always looking for new ways...
Non-performing loans down to 1%Net interest income fell by 21% in the period Harare- CABS, Zimbabwe’s largest building society registered loan book growth in the half year ended 30 June 2020. In a statement accompanying the Society’s results for...
Total income declined by 3% to ZWL$1.2bnGross loans and advances increased by 3% to ZWL1.439bnThe banking subsidiary is enhancing digital offerings to provide convenience in transacting Harare- NMB Holdings’ basic earnings per share of 170.53 cents in the half year period to 30...
NMBConnect Online successfully launchedNMBDirect to be phased out with effect from 30 September 2020 Harare- As more and more companies move to embrace digitization to improve customer services and ease of doing business, NMB Bank Limited has announced the phasing out of its...
Total assets value triple to ZW$60.4 billionOperating and administrative expenses increase due to inflationary pressuresDefers projects on COVID-19 impact Harare – Old Mutual Zimbabwe (OMZ) recorded a 730% increase in profit after tax to ZW$432 billion in the half year ended 30 June...
PAT grew to $361 million in inflation-adjusted termsIncreased digital acceptance grew customer basePDFS unit registered 202% growth in transactional income Harare -BancABC (Zimbabwe) Limited’s investments in technological infrastructure has yielded positive results for the Bank as it contributed to its strong performance in...
• Market dynamics induced by COVID-19 have affected the ability of some borrowers to service their obligations• During HY20, the Bank recorded a loss of ZWL66.92 million in inflation adjusted terms• Liquidity ratio of the Bank improved to 71% Harare – The...