CABS posts strong fee growth amid liquidity pressures
TweetShareSharePin0 SharesBy ETimes HARARE – ZIMBABWE’S top mortgage lender CABS showed resilience in 2024, achieving fee income growth and sustaining dividends despite economic challenges and tight liquidity. The financial institution…
Afreximbank extends US$50 million facility to CBZ Holdings
TweetShareSharePin0 SharesBy ETimes HARARE – The African Export-Import Bank (Afreximbank) has extended a US$50 million facility to CBZ Holdings and CBZ Bank to support the bank’s short-term financing needs. The…
CBZ Holdings restructuring sees 347 job cuts amid strategic shift
TweetShareSharePin0 SharesBy ETimes HARARE – CBZ Holdings has concluded a restructuring exercise that impacted 347 staff roles out of its workforce of 1,448. The initiative, which began in October 2024,…
CABS doubles down on ESG, digital growth with AfDB backing
TweetShareSharePin0 SharesBy ETimes HARARE – CABS has cemented its position as a leader in sustainable banking and digital transformation, securing runner-up positions in both ESG and Digital Innovation categories at Zimbabwe’s 2024 Banks and Banking…
US$15m facility to support construction of 3 000 houses in Zim
TweetShareSharePin0 Shares ….Shelter Afrique Development Bank extends US$15m housing loan to CBZ Bank By ETimes HARARE – Shelter Afrique Development Bank (ShafDB) has extended a US$15 million credit facility to…
CABS marks 75 years of nation-building with major housing, agriculture investments
TweetShareSharePin0 SharesStaff Writer HARARE – ZIMBABWE’S financial powerhouse CABS celebrated its 75th anniversary tonight, showcasing seven decades of transformative impact through housing development, agricultural financing, and economic empowerment. The building…
Ecobank named best employer among the largest Zimbabwean banks
TweetShareSharePin0 Shares…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…
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,…