- FBC has reconfigured its business model, reducing reliance on volatile hedging and revaluation gains, with core income streams now making up 78% of revenue
- Despite a 22% drop in profit after tax to ZWG 915.7 million, the Group posted strong growth in fees and commissions (+80.3%)
- The Group is doubling down on digital transformation, ESG integration, and real estate expansion
Harare - FBC Holdings Limited has embarked on a strategic transformation, shifting its revenue base away from volatile hedging and investment revaluation gains toward sustainable core income streams, signalling a structural recalibration in Zimbabwe’s financial sector.
For the six months ended 30 June 2025, the Group reported operating income of ZWG 1.85 billion, down from ZWG 4.06 billion in the same period of 2024, while profit after tax fell 22% to ZWG 915.7 million.
The decline reflects a deliberate rationalization of the Group’s hedging portfolio and a renewed focus on core transactional activities, including net interest income, fees, and commissions, which now constitute over 78% of total revenue, up from less than 30% in the prior period.
‘’This outcome underscores a deliberate strategic realignment of the Group’s business model in response to the new stable macroeconomic environment.
‘’ The Group is undertaking a rationalization of its hedging portfolio, reallocating resources to bolster core revenue-generating operations, Group Chairperson Herbet Nkala said.
Net interest income grew modestly to ZWG 729.5 million, while net fees and commission income surged 80.3%, demonstrating the strength of the Group’s core operations.
Operating expenses fell to ZWG 1.17 billion, reflecting efficiency gains from automation and operational consolidation.
Total assets stood at ZWG 21.83 billion, with loans and advances the Group’s principal asset class comprising 47% of total assets.
Aligned with its restructured business model, FBC Holdings has intensified digital transformation efforts, upgrading mobile and internet banking platforms, and embracing artificial intelligence to streamline processes and improve customer experience.
Sustainability remains a key pillar, with the Group advancing Environmental, Social, and Governance (ESG) initiatives, supported by the FSD Africa Technical Assistance Programme.
Looking ahead , FBC Holdings plans to maintain a strong presence in Zimbabwe’s real estate sector, with retail and residential development projects in Hwange and Zvishavane progressing amid strong demand for hard-currency returns. Annual property yields remain stable between 8–13%, while strategic partnerships are expected to unlock further development opportunities.
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