ANALYSIS| Newly VFEX Listed First Capital Sees After Tax Profits Rise to US$4.3 million
TweetShareSharePin0 SharesBy 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…
Vingirai, ZB Holdings dispute drags CBZ acquisition deal
TweetShareSharePin0 SharesBy ETimes Financial institution CBZ Holdings has issued another cautionary statement in which it says it is in discussion to takeover a complimentary business. Group chief governance officer Rumbidzayi Jakanani…
ANALYSIS| Resurgent ZB Financial Group Posts ZWL$678 billion PAT in HY23
TweetShareSharePin0 SharesBy 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%…
First Capital posts US$9,05m half year profits
TweetShareSharePin0 SharesBy ETimes Victoria Falls Stock Exchange (VFEX) listed financial services provider First Capital Bank (FCB) posted an adjusted profit of US$9,05 million for the six months to June 2023.…
Nedbank launches American Express merchant acceptance in Zim
TweetShareSharePin0 SharesBy ETimes Nedbank, in a bid to improve its overall offering, especially to tourists and attract more dollars, has launched an American Express merchant acceptance in Zimbabwe. It is…
CBZ’s gross PML for short term insurance seen at US$736.74mln
TweetShareSharePin0 SharesBy ETimes CBZ Holdings has estimated the gross Probable Maximum Loss (PML) for its short-term insurance to be US$736.74 million for the year to 31 December 2022 citing the…
CBZ profit up 959.5% in Q1, to explore AI in serving customers
TweetShareSharePin0 SharesBy ETimes CBZ Holdings, the biggest bank in Zimbabwe, today released its financial results for the three-month period ending 31 March 2023, with a historical net profit of $50.18…
CBZ named to Global Finance Magazine’s list of Africa’s best banks
TweetShareSharePin0 SharesBy ETimes CBZ Holdings, the country’s leading financial products and services provider, has been named among the best banks in Africa, a recent report shows. In its World’s Best…
FBC Holdings FY23 income seen at $406.61bn
TweetShareSharePin0 SharesBy ETimes FBC Holdings’ total income will rise by 276% to $406.61 billion in FY23 from $108.15 billion in FY22 despite a challenging operating environment, IH Securities has said.…
ANALYSIS| Monetary Losses See FCA Bank After Tax Profits Decline 27% in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis Growth in income related to the group’s core banking operations (interest + fees and commissions) at 42% was only marginally higher than…