17.1 C
Harare
Wednesday, October 20, 2021
Key Highlights: Recorded ZW$5.8 million lossOperating expenditures grew to ZW$98.8 millionNet interest income increased by 90% to ZW$40.6 million HARARE – State-owned micro-finance banking unit, Empower Bank saw a slow start to the year, citing low liquidity during the first...
Total assets increase to ZWL52.54 billionNet interest income up 88%Fees and commission improved by 37%Loans and advances decreased by 10% Harare – Amidst slowdown in annual inflation and growth expectation from the authorities, Ministry of Finance, International Monetary fund, and World Bank, Ecobank...
Profit increased to ZWL334.7 millionLoans and advances were up 100%Fees and commission income improves to ZWL857.8 millionAgribank will be transformed into the AFC Commercial Bank Harare – Agribank’s inflation-adjusted profit surged 664% to ZWL334.7 million for the half year ended 30 June 2021...
Fee and Commission Income grew by 96% to ZWL2.02 billionCABS’ digitalization strategy saw increased transactional volumesThe firm’s loan book firmed 92% in inflation-adjusted terms A subsidiary of the Old Mutual Zimbabwe, CABS recorded an increase in its revenue generation steered by a jump...
Net interest income was higher at ZW501 millionLoans scaled up by 84%Total assets increased to ZW18,9bnCore fees surged to 90%The Bank recently concluded the signing of a US$11m housing deal with Shelter Afrique Harare – Financial services provider, BancABC has posted a commendable...
Income tax expense was US$10.7 millionNet interest income increased to US$46.3 millionTotal assets grew by 1.1% Harare – ABC Holdings Limited the parent company of Sub-Saharian Africa banks operating under the BancABC brand narrowed its loss after tax by 64% to US$2.7 million...
Net interest income increased by 115%Liquidity ratio stood at 57%Non-performing loans ratio reduced to 0,81% Harare – Government owned bank, POSB posted a profit of ZWL$60.84 million in inflation adjusted terms for the half year ended 30 June 2021 from a loss of...
Net interest income decrease to ZWL$13,4 millionOperating expenses increase by 40%Non-performing loan ratio stood at 0,8% Infrastructure Development Bank of Zimbabwe (IDBZ) has recorded a 32% decrease in revenue to a negative amount of ZWL$10.7 million for the half year ended 30 June...
Key Highlights: Net interest income increased by 218% to ZW$2.6bnThe Bank grew net lending in real terms from ZW$10.7bn to ZW$12.2bnCredit impairments ended in a net release of ZW$105m, improving from ZW$797m HARARE – Stanbic Bank Zimbabwe’s latest half-year financial...
Records 91% growth in NIR from digital platformsRefreshed Nedbank mobile banking App brought added convenience including registration of SME and business banking accountsRevenue from customer transactions grew by 101% HARARE – Nedbank Zimbabwe Limited, a commercial bank licensed by the Reserve Bank of...