NMBZ Holdings Limited recorded a strong financial performance for the nine months to 30 September 2025, with operating income rising to ZWG$31.3 billion, driven by improved customer activity, expanded lending and continued macroeconomic stability.
In a trading update, the Group said the income growth reflected “the strength of the Group’s core business,” supported by interest income from loans and advances.
The Group noted that Zimbabwe’s stable monetary environment had helped support performance throughout the quarter. “The country’s macroeconomic backdrop… was marked by stability in inflation and exchange rate,” the update stated, highlighting that the interbank exchange rate stayed around ZWG$26.76 per US dollar.
The strengthening of gold and platinum prices also boosted foreign currency receipts during the period.
Customer deposits continued to anchor the Group’s operations, closing the period at ZWG$120.4 billion, a significant rise from ZWG$70.7 billion recorded in the same period last year. This reflects stronger confidence and increased transactional activity, according to the bank. Loans and advances also increased, closing the quarter at ZWG$54.2 billion, up from ZWG$51.1 billion in December 2024.
NMBZ’s lending activities were bolstered by offshore credit lines, particularly through NMB Bank Limited, which continued to channel funding into productive sectors.
“During the quarter under review the bank started drawing down on the US$50 million Afreximbank line with over US$25 million already disbursed to the mining and construction sectors,” the Group said. It added that a US$15 million facility from the European Fund would be directed toward supporting the agriculture sector.
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Subsidiaries also contributed to the positive performance. The update notes that “Xplug Solutions Limited… successfully completed projects for two banks in Tanzania, Uganda and Rwanda,” while NMB Properties was progressing with construction on two cluster projects in Marlborough, Harare.
Profitability also strengthened, with the Group’s inflation-adjusted profit increasing to ZWG$4.4 billion from ZWG$2.4 billion recorded in the prior year. NMBZ said the recovery was mainly driven by robust lending operations and improved funding structures.
“The increase in profit… reflects the improved performance of the Group’s underlying core business,” it added.
The bank’s capital position remained strong, with its capital adequacy ratio standing at 27.64%, well above regulatory requirements.
“The Board and Directors remain committed to ensuring that the Bank remains adequately capitalised,” the company stated, underscoring its readiness to support future growth.
NMBZ expects the domestic economy to grow by 6.8% in 2025, supported by firm commodity prices, rising remittances and recovery in agriculture.
“In light of the above, the roup will continue to focus on supporting key sectors of the economy through its core business,” NMBZ said.
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