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,…
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…