11.1 C
Harare
Monday, July 6, 2020
Daily limit revised to a floor of ZW$20, 000Monthly ZIPIT transaction value curbed at ZW$100, 000The unfolding scenario is a replay of yesteryear casino economics Harare – In a battle to curb parallel exchange market activities which has seen the black market exchange...
Total income increased by 86% in inflation adjusted terms to ZWL253m from ZWL136mOperating expenses expanded 20% to ZWL166m“Due to the lockdown non funded income for quarter two is expected to decline by c15%, whilst costs are also expected to increase…” Harare – First...
Measures have been put in place to mitigate the impact of COVID-19Net income increased to ZWL$145.8 millionProfit after tax of ZWL$33.4 million increased 447% from ZWL$6.1 million in Q1 2019 Harare – NMB Holdings today issued a trading update for the three (3)...
FBC holdings posts ZW$363 million loss in 2019Inflation adjusting reporting adoptedGroup suffered a net monetary loss of ZWL$408.9 millionTotal income scaled 37% to  ZWL$1.6 billion in 2019 Listed financial services group FBC Holdings reported an inflation-adjusted 2019  profit before...
Net interest income went down by 28%Non-funded income overtook funded income for the first time since 2016Operating expenses declined by 5.4% Harare - ABC Holdings (Zimbabwe) Limited (ABCH) recorded a loss of USD25.3 million for the year ended 31 December 2019 compared to...
Harare - NMBZ Holdings Limited which controls the NMB commercial bank in Zimbabwe released a fair set of earnings for the 12 months period to December. The Group said the financial position was largely driven by the Bank’s continued diversification into the...
NPL ratio dropped to 0.1%Balance sheet remained well capitalizedIncurred a loss of ZWL133.9 million Harare - Standard Chartered Bank Zimbabwe Limited recorded a mixed performance for the year ended 31 December 2019 due to a turbulent business operating environment characterized by acute foreign...
Long term local currency deposit ratings downgraded to Ba1 from Baa3Senior Unsecured MTN of Nedbank Limited downgraded to (P)Ba1 from (P)Baa3.Subordinate MTN of Nedbank Limited downgraded to (P)Ba2 from (P)Ba1 Harare - Nedbank Limited, the 100% owned subsidiary of Nedbank Group has issued...
Liquidity ratio was 55%Non-performing loans ratio below 1%Profit growth of 96%RTGS deposits grew more than 74% Harare - First Capital Bank formerly known as Barclays Bank of Zimbabwe registered a buoyant 2019 performance despite a volatile macro-economic environment characterized with the floating and consequent devaluation of...
Restructuring of company will no longer be pursued at this timeThe restructuring entailed establishing a holding company, MBC HoldingsDevelopment was meant to improve operating efficiencies Microfinance bank, Getbucks has published a further cautionary statement announcing the withdrawal of another cautionary issued in January stating the restructuring of the...