Audrey Galawu- Assistant Editor
First Capital Bank Limited has reported a solid set of results for the half year ended June 30, 2025, posting a 15 percent increase in net profit to US$13.27 million, buoyed by strong customer deposit growth, a leaner cost structure, and sustained investment in digital platforms.
The bank’s total assets climbed to US$306.9 million, up from US$295.8 million at year-end 2024, while customer deposits grew by 5 percent to US$187.4 million.
Total income rose 13 percent to US$40.9 million, with operating efficiency improving as the cost-to-income ratio dropped to 48 percent from 55 percent a year earlier.
Board Chairman Patrick Devenish praised the performance, noting that the results reflected resilience in a difficult economic climate.
“Net profit grew by 15% to US$13.27 million, capital adequacy remained well above regulatory requirements, and operational efficiency improved.
Our balance sheet remains robust… reflecting sustained market confidence in our brand and value proposition,” he said.
Related Stories
Devenish also highlighted the bank’s ongoing focus on responsible growth.
“Sustainability is central to our strategy. We continue to embed environmental, social, and governance (ESG) principles into how we operate, ensuring that our growth remains both responsible and inclusive,” he added.
Chief Executive Officer Tapera Mushoriwa said the bank’s disciplined execution was starting to pay off, following a realignment in 2024 that created a leaner and more agile institution.
“Our performance for the period reflects both agility and focus. We welcomed over 35,000 new customers, with more than 80% actively using our digital channels,” Mushoriwa said.
The bank advanced US$2.1 million in ESG-linked lending targeting women, youth, and underserved communities, while channeling a further US$4.8 million towards solar, borehole, and climate-smart agriculture projects.
Mushoriwa noted: “At First Capital Bank, belief comes first and it continues to shape the way we build a stronger, more inclusive future.”
The bank said it was well-positioned to capitalise on Zimbabwe’s projected 6 percent GDP growth for 2025, with continued investments in digital innovation, governance, and risk management frameworks.
The Board declared an interim dividend of US$0.307 cents per share, with details to be published in a separate notice.
Leave Comments