The Banker magazine names Stanbic as bank of the year in Zim
TweetShareSharePin0 SharesBy 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…
CBZ shares gain 5.30% after board changes
TweetShareSharePin0 SharesBy 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…
ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion
TweetShareSharePin0 SharesBy 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,…
Fresh Non-Performing Loans risk looms
TweetShareSharePin0 SharesBy 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…
NMB shares rose 3.71% after appointing Pearson Gowero as chair
TweetShareSharePin0 SharesBy 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…
CBZ Holdings reports 696.1% YoY profit surge in 9 months
TweetShareSharePin0 SharesBy 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…
First Capital says new head office capex is ‘a double-digit amount in USD’
TweetShareSharePin0 SharesBy 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…
ANALYSIS| Forex Gains Drive CBZ Holdings to ZWL$543bln Profit After Tax in HY23
TweetShareSharePin0 SharesBy 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…
CBZ posts $543.87bn profit in H1, declares US$3mln interim dividend
TweetShareSharePin0 SharesBy ETimes HARARE – CBZ Holdings, the biggest bank in Zimbabwe, released its financial results for the half year ended 30 June 2023, with an inflation-adjusted profit after tax…
GetBucks says goodbye to ZSE
TweetShareSharePin0 SharesBy ETimes HARARE – GetBucks Financial Services becomes the latest firm to go private as it leaves the Zimbabwe Stock Exchange (ZSE) after nearly 7 years and 8 months…