ANALYSIS| Newly VFEX Listed First Capital Sees After Tax Profits Rise to US$4.3 million
By ETimes Financial Performance Highlights Commentary and Analysis The sizeable growth of peer banks reporting in ZWL denominated accounts makes it difficult to put First Capital Banks financial results into…
ANALYSIS| NMB Holdings Invades FinTech Space as PAT Rises to ZWL$195 billion in HY23
By ETimes Financial Performance Highlights Commentary and Analysis The increasing consolidation in the banking sector raises a lot of questions for the “middle of the pack” players like NMB. The…
ANALYSIS| Resurgent ZB Financial Group Posts ZWL$678 billion PAT in HY23
By ETimes Financial Performance Highlights ZSE listed financial services group ZB Financial Holdings (ZBFH.zw) reported a ZWL$678.5 billion profit for its half-year ended 30 June 2023, representing a 2179% rise…
ANALYSIS| Acquisition Nears Completion as FBC Holdings PAT hits ZWL$366 bln in HY23
By ETimes Financial Performance Highlights Commentary and Analysis Once again, it is becoming increasingly difficult to make anything of ZWL denominated financial statements. The most noticeable thing here is the…
ANALYSIS| Government Aims for Continuity in Mid-Year Policy Updates
By ETimes Mid-Term Monetary Policy Statement General Updates Liquidity Updates Foreign Exchange Updates Banking Sector Updates Key Policy Updates Mid-Year Budget Review General Updates Fiscal Outturn Key Policy Updates According…
Expectations for the Mid-Term Budget Update
By ETimes The Ministry of Finance and Economic Development is expected to provide its mid-term fiscal budget update soon. These are the key expectations for the upcoming presentation: 1. Supplementary…
ANALYSIS| CBZ Holdings Deposits Edge To ZWL$1 trillion in Q1 2023
By ETimes Highlights Our Thoughts The group marginally increased its share of the total banking sector deposits to 34%. With its acquisition of ZB Holdings, the group’s position in the…
Begrudging Steps To Exchange Liberalization Or Too Little Too Late?
By Yona Menon Banda The main take appears to be that by allowing for a “market determined” exchange rate, the interbank will be allowed to align with the parallel market…
ANALYSIS| Buoyant Lager Sales Drive Delta Corp to ZWL$63.1 bn PAT in FY23
By ETimes Financial Performance Highlights Commentary and Analysis Its a fair set of results for the group, with decent growth in revenues and sales volumes. Analysis puts the USD estimate…
ANALYSIS| Bargain Gains Drive ZBFH to ZWL$34.7 bln After Tax Profits in FY22
…as Organizational Transformation Takes Shape By ETimes Financial Performance Highlights Commentary and Analysis Its a performance driven in large part by forex trading income, fair value and monetary gains, and…