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…
Banks’ capital adequacy ratio hits 35,45%
TweetShareSharePin0 SharesBy ETimes Reserve Bank of Zimbabwe (RBZ) quarterly banking sector report for the third quarter of 2022 has revealed that the country’s banks have high capitalisation thresholds, sound asset…
MFIs’ net profit rose to $9.7bn in Q3
TweetShareSharePin0 SharesBy ETimes The number of registered microfinance institutions (MFIs) in Zimbabwe rose to 196 during the third quarter ended 30 September 2022 from 176 in the comparative period against…
Demand for USD loans likely to remain high – IH
TweetShareSharePin0 SharesBy ETimes ADVISORY firm IH Securities says the Reserve Bank of Zimbabwe’s repricing of interest rates on current loans will push banks to generate significantly more interest income in…
Gold coins mopped up $13.6bn since July: RBZ
TweetShareSharePin0 SharesBy ETimes Gold coins have mopped up $13.6 billion from the market since their introduction in July this year, the latest data shows. The country took the unprecedented step…
FCB expects downside risk on credit performance amid tight monetary regime
TweetShareSharePin0 SharesBy ETimes First Capital Bank Zimbabwe says the liquidity crisis and high interest rates may pose a risk to credit performance. In September 2022, the Reserve Bank of Zimbabwe decided…
Steward Bank’s half year profit jumps threefold
TweetShareSharePin0 SharesBy ETimes Steward Bank’ half year inflation adjusted profit jumped threefold and the bank expects its activities to be driven by digital transformation. In 2021, the bank invested in…
CBZ Bank becomes the fourth firm to launch Trustee Services
TweetShareSharePin0 Shares…SECZIM talks of Capital Market Development Plan By ETimes CBZ Bank has become the fourth player in the country to set up a custodial trustee service that will offer…
Of limited real lending and soundness of the banking sector
TweetShareSharePin0 SharesBy ETimes Eighteen out of 19 banking institutions reported profits in the first half of 2022, says the Reserve Bank of Zimbabwe (RBZ), with an aggregate profit of $181.25…
NMB Holdings to choose dividend type for H1 2022
TweetShareSharePin0 SharesBy Albert Nangara Company share dividends are, for many investors, a vital part of the stock market landscape. Dividends are important for investors looking for income, such as as part…