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

CABS doubles surplus as impairments fall

HARARE, August 26 (The Source) – Old Mutual Zimbabwe’s Central African Buildings Society (CABS) doubled its net surplus to $20,75 million from $10,63 million last year, on the back of improved loan recoveries amid restricted lending. “This was mainly due to a decrease in impairments… Read More