CBZ records $693.56 bln profit in 2023, still finalising final dividend amount
By ETimes HARARE – The net profit for the full year ended 31 December 2023 at CBZ Holdings was $693.56 billion, up 330% from $161.28 billion in 2022, despite facing…
FBC Holdings in impressive performance in face of challenges
By ETimes HARARE – In a year marked by economic uncertainties and evolving regulatory landscapes, FBC Holdings (FBC) emerged with commendable financial results for the full year ending December 2023.…
NMB FY23 financials get qualified opinion from auditor over ‘misstatements’
By ETimes HARARE – NMB Holdings’ external auditor, Ernst & Young Chartered Accountants (Zimbabwe), has expressed a qualified opinion on the bank’s financial statements for the year ended 31 December…
CBZ shares gains after issuing 13th cautionary statement
By Stephen Chandisareva HARARE – CBZ Holdings shares gained by 3.93% on Wednesday after issuing the 13th cautionary statement relating to the process of securing the necessary regulatory clearance to move…
Ecobank named best employer among the largest Zimbabwean banks
…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 currency…
The Banker magazine names Stanbic as bank of the year in Zim
By 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 leading…
CBZ shares gain 5.30% after board changes
By 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 chief…
ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion
By 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, although…
Fresh Non-Performing Loans risk looms
By 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 the…
NMB shares rose 3.71% after appointing Pearson Gowero as chair
By 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 over…