Audrey Galawu
Assistant Editor
FBC Holdings Limited has reported a robust set of results for the year ended December 31, 2024, showcasing resilience, operational efficiency, and strategic foresight in navigating Zimbabwe’s challenging economic environment.
The group posted an inflation-adjusted profit before tax of ZWG$2.01 billion, marking a 15% increase from ZWG$1.75 billion in 2023. Profit after tax rose to ZWG$1.63 billion, underpinned by higher lending volumes, improved transaction processing, and successful investment income streams. Total income surged by 91% to ZWG$7.23 billion.
Total assets grew by 33% to ZWG$19.57 billion, supported by expansion in loans, advances, and strategic investments. Shareholders’ equity climbed 48% to ZWG$4.56 billion, reinforcing the Group’s capital strength. Operational efficiency also improved, with the cost-to-income ratio dropping to 64.19% from 75.2% in 2023.
Reflecting its strong performance, the Board declared a final dividend of US$0.25 cents and ZWG$3.9 cents per share, bringing the full-year payout to US$0.50 cents per share.
FBC Bank delivered ZWG$1.09 billion in profit before tax, anchored by a ZWG$6.81 billion loan book and an expanded digital footprint through 6,684 POS terminals.
FBC Crown Bank (formerly Standard Chartered Zimbabwe) contributed ZWG$107.4 million in profit before tax, strengthening the Group’s wholesale and institutional banking position.
FBC Building Society posted ZWG$44.2 million profit, rolling out 331 stands in Zvishavane as part of an expanding housing development pipeline.
MicroPlan Financial Services, the microfinance unit, achieved a profit before tax of ZWG$102.9 million, affirming the Group’s commitment to financial inclusion.
Leadership Perspective and Strategic Outlook
Outgoing Chairman Herbert Nkala credited stakeholder trust and a disciplined execution of strategy for the Group’s success.
Group Chief Executive Trynos Kufazvinei highlighted a focus on sustainable growth, digital innovation, and expansion into high-growth sectors and region
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