Published: 11 November 2025

ZB Financial Holdings Limited (ZBFH) says Zimbabwe's improving macroeconomic stability and monetary discipline have created a stronger foundation for growth, translating into solid performance across its business segments for the nine months ended September 30, 2025.

The financial group reported a 75 percent surge in revenue to ZiG2.86 billion, compared to ZiG1.64 billion in the same period last year, while profit after tax rose 41 percent to ZiG0.61 billion, up from ZiG0.43 billion in 2024.

Total assets expanded 24 percent to ZiG17.77 billion, largely driven by a 56 percent increase in cash and short-term funds since December 2024.

According to ZBFH general counsel Mr Tinashe Masiiwa, the gains were underpinned by a more stable economic environment and improved financial discipline.

"The relatively stable local environment offers new growth opportunities for the group and supports broader economic expansion," said Mr Masiiwa. "This has resulted in significant movements in the Statement of Profit or Loss and Other Comprehensive Income."

The group highlighted that monetary stability, anchored by the Zimbabwe Gold (ZiG) currency, has supported improved performance. The ZiG exchange rate averaged 26.7 per US$1 over the year, compared to ZiG15.35 at the end of September 2024.

ZBFH said inflation has moderated significantly from last year's highs, with year-end inflation projected around 30 percent, reflecting improved fiscal and monetary coordination.

"Monetary stability is strengthening, underpinned by the relatively stable local currency," the group said in its update.

While the group's balance sheet expanded, mortgages and other advances declined 11 percent, reflecting weak activity in the property market.

However, customer deposits and other account balances grew 34 percent, supported by customer retention efforts and the rollout of innovative, client-focused digital products.

The group said it had also secured new credit lines, which are expected to expand its loan book in the coming quarters.

ZBFH's capital position strengthened by 14 percent during the period, with all subsidiaries meeting minimum regulatory capital requirements - except for ZB Building Society, which remains below threshold levels.

Management said plans are underway to consolidate banking operations under a single licence, a move expected to improve operational efficiency and optimise capital deployment.

Despite the strong performance, ZBFH did not declare a dividend for the third quarter, choosing instead to retain earnings to bolster its balance sheet and fund growth initiatives.

"The group remains committed to sustainable value creation through prudent capital management and strategic reinvestment," said Mr Masiiwa.
- The Chronicle

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