First Capital says new head office capex is ‘a double-digit amount in USD’
By 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 being…
ANALYSIS| Forex Gains Drive CBZ Holdings to ZWL$543bln Profit After Tax in HY23
By ETimes Financial Performance Highlights Commentary and Analysis The sharp bottom line growth was largely driven by unrealized foreign exchange gains, while growth in the core revenue streams was relatively…
CBZ posts $543.87bn profit in H1, declares US$3mln interim dividend
By ETimes HARARE – CBZ Holdings, the biggest bank in Zimbabwe, released its financial results for the half year ended 30 June 2023, with an inflation-adjusted profit after tax of…
GetBucks says goodbye to ZSE
By ETimes HARARE – GetBucks Financial Services becomes the latest firm to go private as it leaves the Zimbabwe Stock Exchange (ZSE) after nearly 7 years and 8 months as…
ANALYSIS| Newly VFEX Listed First Capital Sees After Tax Profits Rise to US$4.3 million
By ETimes Financial Performance Highlights Commentary and Analysis The sizeable growth of peer banks reporting in ZWL denominated accounts makes it difficult to put First Capital Banks financial results into…
Vingirai, ZB Holdings dispute drags CBZ acquisition deal
By ETimes Financial institution CBZ Holdings has issued another cautionary statement in which it says it is in discussion to takeover a complimentary business. Group chief governance officer Rumbidzayi Jakanani in…
ANALYSIS| Resurgent ZB Financial Group Posts ZWL$678 billion PAT in HY23
By ETimes Financial Performance Highlights ZSE listed financial services group ZB Financial Holdings (ZBFH.zw) reported a ZWL$678.5 billion profit for its half-year ended 30 June 2023, representing a 2179% rise…
First Capital posts US$9,05m half year profits
By ETimes Victoria Falls Stock Exchange (VFEX) listed financial services provider First Capital Bank (FCB) posted an adjusted profit of US$9,05 million for the six months to June 2023. The…
Nedbank launches American Express merchant acceptance in Zim
By ETimes Nedbank, in a bid to improve its overall offering, especially to tourists and attract more dollars, has launched an American Express merchant acceptance in Zimbabwe. It is estimated…
CBZ’s gross PML for short term insurance seen at US$736.74mln
By ETimes CBZ Holdings has estimated the gross Probable Maximum Loss (PML) for its short-term insurance to be US$736.74 million for the year to 31 December 2022 citing the physical…