CBZ posts 300% jump in net profit

ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...

By Staff reporter | Published: 01 October 2019


CBZ eyes diaspora market

Biggest banking group by assets and deposits CBZ Holdings Limited, has set eyes on diaspora mortgages, as part of its strategy to enhance foreign currency generation, a senior official has said. Throu...

By Staff reporter | Published: 14 June 2019


CBZ records strong earnings

CBZ Holdings Ltd reported seemingly strong earnings and made it rain for investors but the currency situation did not play in favour of the financial services group.A quick analysis of the December 20...

By Staff reporter | Published: 03 May 2019


CBZ Holdings sitting on US$2,44bn asset base

CBZ Holdings Limited reported that its asset base grew to US$2,44 billion in the full year to December 2018 from US$2,1 billion in the previous year, making it one of the largest companies by asset si...

By Staff reporter | Published: 01 May 2019


CBZ not worried by OFAC penalty

Financial services group CBZ Holdings, says the outcome of ongoing investigations by the US Treasury Department's Office of Foreign Assets Control (OFAC) regarding historical transactions involving a ...

By Staff reporter | Published: 07 September 2018


CBZ sweats over US probe

CBZ Holdings Limited is holding its breath while American investigators comb through records of its international transactions to determine the extent of any breaches by the bank of Washington's sanct...

By Staff reporter | Published: 19 July 2018


Land developer, CBZ sued over property deal

A BULAWAYO firm Loxdale Investments (Private) Limited has taken Harare-based property developer, Rilbro Property and Development (Pvt) Limited and CBZ Bank to court over a botched land deal.In summons...

By Staff reporter | Published: 22 June 2018


CBZ renews hope in Vic Falls housing scheme

CBZ Bank has assured beneficiaries of its housing scheme in Victoria Falls that they will not lose out after it emerged that some of the residential stands had been double-allocated by the council.In ...

By Staff reporter | Published: 01 June 2018


Mudavanhu appointed new CBZ Holdings CEO

CBZ Holdings Limited has appointed ormer Bancabc acting chief, Doctor Blessing Mudavanhu, as its new group chief executive officer.Dr Mudavanhu's appointment is with effect from June 1, 2018.He takes...

By Staff reporter | Published: 28 May 2018


CBZ housing scheme beneficiaries to lose residential stands

THE estimated 1 300 beneficiaries of the CBZ housing scheme in Victoria Falls might lose their residential stands after the local authority recently threatened to repossess the stands over non-payment...

By Staff reporter | Published: 10 May 2018


CBZ embraces digital banking

CBZ Bank has joined its peers in discarding manual or paper transactions and adopting digital transacting.The bank has given its customers up to May 31 to register with its digital platforms — "CBZ ...

By Staff reporter | Published: 07 May 2018


CBZ, Pick n Pay eye Shurugwi

One of the country's leading commercial banks, CBZ is set to open a new branch in Shurugwi as it seeks to increase its clientèle base.Shurugwi town secretary Mr Solomon Siziba said the bank was expec...

By Staff reporter | Published: 13 April 2018


Newly-installed CBZ solar street lights stolen

VICTORIA FALLS police have arrested several people in connection with the theft of CBZ solar street lights batteries and solar panels.CBZ recently started installing hundreds of solar street lights on...

By Staff reporter | Published: 12 April 2018


CBZ invests $12m in Harare SMEs centre

Zimbabwe Stock Exchange-listed financial services group, CBZ Holdings, has set aside $12 million to establish a small to medium enterprises centre in Harare. CBZ Properties general manager Hasmon Bvum...

By Staff reporter | Published: 09 April 2018


CBZ loan book grows to $941 million

THE country's leading financial institution, CBZ Bank, has grown its overall loan book to about $941 million as it continues to support different sectors of the economy, an official has said.Speaking ...

By Staff reporter | Published: 28 March 2018


CBZ to avail additional $10m for SMEs loans

ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...

By Staff reporter | Published: 23 March 2018


95% repayment of loans encouraging, says CBZ

Zimbabwe's largest banking group by assets and deposits, CBZ Holdings Limited says repayment of loans by small to medium enterprises has been encouraging at 95 percent. This has prompted the financial...

By Staff reporter | Published: 22 March 2018


CBZ profit after tax clocks $27.8m

ZIMBABWE'S largest financial group, CBZ Holdings posted a 16.8 percent growth in profit after tax to $27.8 million in the full year ended December 31, 2017 compared to $23.8 million achieved in 2016.T...

By Staff reporter | Published: 19 March 2018


CBZ targets SMEs as profits rise

CBZ Holdings, Zimbabwe's biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 pe...

By Staff reporter | Published: 19 March 2018


CBZ turns focus to productive sector

CBZ Holdings will focus on supporting the key productive sectors of the economy such as agriculture and mining as the country's biggest banking group expands its reach."Going forward, we will continue...

By Staff reporter | Published: 18 March 2018


CBZ net income up 16.8% to $27.8m

CBZ Holdings recorded a 16,8% jump in net earnings to $27,8 million in the full year ending December 31, driven by the growth in net non-interest income. In the comparable year, profit-after-tax was $...

By Staff reporter | Published: 16 March 2018


CBZ to host 2nd edition SMEs indaba

ZIMBABWE's largest banking group, CBZ Holdings, will this month host the second edition of the CBZ International Small to Medium Enterprise (SME) Indaba at the ZITF grounds in Bulawayo.CBZ Bank has be...

By Staff reporter | Published: 06 March 2018


Former CBZ boss sued

Former CBZ Holdings Limited group chief executive officer Mr Nyasha Makuvise has been dragged before the High Court for failing to pay for air tickets and service fees amounting to $12 766.Mr Makuvise...

By Staff reporter | Published: 23 February 2018


CBZ hunts for new CEO

Zimbabwe's largest financial services group by asset base, CBZ Holdings, has begun the hunt for a new chief executive to replace Never Nyemudzo who retired on December 31, 2017. Nyemudzo, who retired ...

By Staff reporter | Published: 09 February 2018

ANNOUNCEMENTS | Further Cautionary Statement

Further to the cautionary statements issued by the CBZ Holdings Limited Board on 2 May 2017, 31 May 2017, 19 July 2017, 23 August 2017, 21 September 2017, 23 October 2017 and 24 November 2017, the Dir...

By CBZ | Published: 01 February 2018

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