ZB Financial Holdings Limited says that sustaining Zimbabwe’s anticipated economic growth in 2025 will depend on continued fiscal discipline, strong policy consistency, and successful efforts to formalize the informal sector.
In a trading update for the nine months ended 30 September 2025, the financial group said that while the domestic economy remained relatively stable during the period, global volatility, geopolitical tensions, and persistent policy uncertainty continued to present both risks and opportunities for emerging markets.
“Sustaining this growth will require unwavering fiscal discipline, policy consistency, and successful efforts to formalize the large informal sector,” the company said.
The Group reported a 75% growth in revenue, reaching ZWG$2.86 billion, up from ZWG$1.64 billion in the comparable period last year, while profit after tax rose 41% to ZWG$0.61 billion.
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Total assets increased 24% to ZWG$17.77 billion, up from ZWG$14.38 billion in December 2024.
The report attributes the improved performance to a stable local macroeconomic environment, supported by the Reserve Bank of Zimbabwe’s tight monetary policy stance, which maintained the policy rate at 35%, and a relatively stable exchange rate.
Non-funded income grew to ZWG2.12 billion, buoyed by strong performance from digital channels, property income, and exchange gains, while the cost-to-income ratio stood at 73%, reflecting prudent cost control despite increased operational activity.
The group also highlighted that its subsidiary, ZB Bank Limited, became the first bank in Zimbabwe to achieve a Level 3 rating under the Sustainability Standards and Certification Initiative, recognised by the European Organisation for Sustainable Development and the Reserve Bank of Zimbabwe.
ZB Financial Holdings noted that although the economic outlook remains positive, persistent risks such as global commodity price volatility and infrastructural deficits require careful financial management.
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