CBZ’s gross PML for short term insurance seen at US$736.74mln
By 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 physical…
CBZ profit up 959.5% in Q1, to explore AI in serving customers
By 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 billion,…
CBZ named to Global Finance Magazine’s list of Africa’s best banks
By 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 Banks…
FBC Holdings FY23 income seen at $406.61bn
By 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. FY…
ANALYSIS| Monetary Losses See FCA Bank After Tax Profits Decline 27% in FY22
By 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 the…
NMB driven by growth strategies in 2022
By ETimes Listed banking stock, NMB Zimbabwe delivered a strong operational and financial performance in 2022, driven by the implementation of various growth strategies. Benedict Chikwanha, the board chair of NMB…
FCB USD deposit growth drives forex loans
By ETimes Listed financial First Capital Bank (FCB) released its 2022 full year financials where it recorded increased deposits in the year from across all sectors of the economy. The…
First Capital Bank 2022 net profit declines 27%
By ETimes First Capital Bank reported a 27% fall in full-year profit, but it managed to meet the minimum core capital requirement of US$30 million. For the year ended 31…
Old Mutual profit tanks, declares dividend
By ETimes Old Mutual reported sharply lower profit last year as it grappled with the difficult macro-economic environment and market volatility but managed to declare a dividend in the process.…
Nedbank Zimbabwe’s ROE more than doubled in FY2022
By ETimes Nedbank Zimbabwe says its return on equity more than doubled in 2022, contributing significantly to the group’s “quite a good set of results”. The uncertainty in the domestic…