NMBZ Posts ZWG$98m Half-Year Profit

Rutendo Mazhindu- Zim Now Reporter

NMBZ Holdings Limited reported a profit of ZWG$98.9 million for the six months to June 30, 2025, up from ZWG$56.1 million in the same period last year.

The bank said the performance came despite incurring restructuring expenses of ZWG$138.5 million as part of its digital transformation and efficiency programme.

NMBZ chairman Pearson Gowero said the Group adopted the United States Dollar as its functional currency in January to align with the bulk of its transactions.

“Our capital position is strong. The banking subsidiary maintained a capital adequacy ratio of 24.99 percent, which is well above the regulatory minimum of 12 percent, and we remain compliant with the minimum capital requirement of US$30 million,” Gowero said.

Total assets rose 6 percent to ZWG$7.8 billion from ZWG$7.4 billion at the end of 2024. Customer deposits increased to ZWG$3.1 billion from ZWG$2.5 billion, while loans and advances grew to ZWG$3.4 billion from ZWG$2.9 billion, largely supported by foreign credit lines targeting exporters.

Chief executive officer Gerald Gore said operating income reached ZWG$915.8 million compared to ZWG$1.2 billion last year. Profit before tax stood at ZWG$122.1 million, while profit after tax came in at ZWG$77.8 million.

“Our digital platforms continue to record strong growth. Point-of-sale volumes were up 1,114 percent in USD terms and 92 percent in ZWG, while card transactions rose 303 percent in USD compared to last year,” Gore said.

The bank’s liquidity remained above the statutory minimum of 30 percent. However, the board opted not to declare an interim dividend.

NMBZ also expanded its green financing portfolio into climate-smart agriculture and renewable energy projects, while advancing paperless banking solutions.

Gowero added that the group will continue investing in digitalisation, artificial intelligence, and regional expansion to strengthen its market position.