NMB FY profit falls 8pct

HARARE, March 24  (The Source) – NMB Holdings on Friday reported a 7,8 percent  drop in after-tax profit to $5 million in the full-year to December citing ‘extreme pressure’ from limits placed on interest rate charges and fees. The central bank in 2015 capped interest rates… Read More

Ecobank after-tax profit up 91pct

HARARE, March 23 (The Source) – Ecobank Zimbabwe reported a 91 percent  increase in after-tax profit to $9,9 million in the full year to December on the back of increased net interest income and operational efficiency. “Net interest income grew by 10 percent on the… Read More

POSB after tax-profit up 22pct

HARARE, March 23 (The Source) – People’s Own Savings Bank (POSB) reported a 22 percent  increase in after-tax profit to $9,68 million in the full year to December on increased revenue and cost containment measures. Net interest income increased by 28 percent from $9,5 million… Read More

Imara to exit Botswana Stock Exchange

BULAWAYO, March 21 (The Source) – Regional asset manager Imara Holdings will delist from the Botswana Stock Exchange with effect from March 31, after BSE approved its application to exist the bourse. The company’s shareholders approved the delisting at an extraordinary general meeting held on… Read More

CBZ puts $159mln in SMEs

HARARE, March 15 (The Source) – Financial group CBZ Holdings says it has invested $156 million in small and medium-sized enterprises (SMEs) since dollarisation in 2009, with a current loan book of $37 million. “Since dollarisation we have put an excess of $156 million into… Read More