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CBZ shares gains after issuing 13th cautionary statement

By Stephen Chandisareva HARARE – CBZ Holdings shares gained by 3.93% on Wednesday after issuing the 13th cautionary statement relating to the process of securing the necessary regulatory clearance to move…

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…

Fresh Non-Performing Loans risk looms

By ETimes Zimnat Asset Management through its weekly economic report warned that a fresh round of dollarization driven by the extension for use of US Dollars might result in the…

NMB shares rose 3.71% after appointing Pearson Gowero as chair

By ETimes NMB share price surged over 3% on Friday’s session following the appointment of Pearson Gowero, a seasoned business leader, as chairman of the bank. He is taking over…

CBZ Holdings reports 696.1% YoY profit surge in 9 months

By ETimes The net profit for the first nine months of 2023 at CBZ Holdings was $636.64 billion, up 696.1% from $79.97 billion in the comparative period, according to financial…

First Capital says new head office capex is ‘a double-digit amount in USD’

By ETimes HARARE – VFEX-listed First Capital Bank expects the construction of its new head office in Borrowdale to be completed within a year’s time, saying that it is being…

ANALYSIS| Forex Gains Drive CBZ Holdings to ZWL$543bln Profit After Tax in HY23

By ETimes Financial Performance Highlights Commentary and Analysis   The sharp bottom line growth was largely driven by unrealized foreign exchange gains, while growth in the core revenue streams was relatively…