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…
NMB driven by growth strategies in 2022
TweetShareSharePin0 SharesBy 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…
FCB USD deposit growth drives forex loans
TweetShareSharePin0 SharesBy 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.…
First Capital Bank 2022 net profit declines 27%
TweetShareSharePin0 SharesBy 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…
Old Mutual profit tanks, declares dividend
TweetShareSharePin0 SharesBy 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…
Nedbank Zimbabwe’s ROE more than doubled in FY2022
TweetShareSharePin0 SharesBy 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…
Dr Mangudya defends his press release
TweetShareSharePin0 SharesBy ETimes Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mangudya has alluded that his institution was attacked and had to put the record straight on allegations posed in…
Liquidity crunch drags down Willdale sales volumes in Q1
TweetShareSharePin0 SharesBy ETimes Brick maker Willdale says volume sales declined 2% in the first quarter to December weighed down by slowing demand. Low product uptake, brought on by a lack…
GetBucks mulls a ZSE delisting
TweetShareSharePin0 SharesBy ETimes GetBucks Financial Services which currently in negotiations for a US$5 million recapitalisation to enable the bank to meet required minimum threshold set by the Reserve Bank of…