CBZ Bank appoints Masiya Marufu as new chairman
By ETimes HARARE – CBZ Bank Limited has appointed Masiya Marufu as the Chairman of its Board, effective September 1, 2024 in a move signalling strategic growth and innovation. With…
Deposits Growth: A Double-Edged Sword
By ETimes HARARE – FBC Holdings has seen significant growth in customer deposits, with total customer deposits rising to ZWG4.06 billion in the half year ended 30 June 2024 from…
Nedbank Defies Economic Headwinds with 8% Increase in Headline Earnings
By ETimes HARARE – Nedbank faced multiple external pressures, including high interest rates, inflation, and political uncertainty leading up to the national elections in South Africa, according to its unaudited…
Gift Simwaka Appointed as Managing Director of CBZ Bank
By ETimes HARARE – CBZ Bank has announced the appointment of Gift Simwaka as its new Managing Director, effective September 1, 2024. Simwaka brings to the role over 26 years…
TDB Extends US$20m Line of Credit to CBZ Bank
By ETimes HARARE – CBZ Bank has secured a US$20 million line of credit from the Trade and Development Bank Group (TDB Group) to support Zimbabwe’s productive sectors and boost…
Time Bank Pins Hopes on Blocked Funds Resolution
By ETimes HARARE – Time Bank of Zimbabwe expects its appeal for the Government to assume blocked funds to be confirmed by the end of the year, which is essential…
Ecobank named best employer among the largest Zimbabwean banks
…as stock market investors gain $1.36 trillion By ETimes The Zimbabwe Stock Exchange closed Thursday significantly higher with 15 advancing stocks and 2 decliners. This comes as the local currency…
The Banker magazine names Stanbic as bank of the year in Zim
By ETimes Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country’s leading…
CBZ shares gain 5.30% after board changes
By ETimes CBZ Holdings shares on Wednesday gained 5.30% to close at $2,096.50 after board changes. This follows the retirement of CBZ Holdings Limited chairman Marc Holtzman and group chief…
ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion
By ETimes Commentary and Analysis The relatively stable currency environment of Q3 saw a moderate recovery in the groups balance sheet, with total assets and deposits closing marginally higher, although…