FINANCIAL SERVICES

GetBucks cautious on mortgage loans

GetBucks Microfinance Bank CE Terrence Mudangwe says the financial institution is treading cautiously in the issuance of mortgage loans, given the nature of its assets on the market, but is leveraging...

By Staff reporter | Published: 07 December 2018

FINANCIAL SERVICES

Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the i...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zim to mortgage minerals for capital

RESERVE Bank of Zimbabwe governor John Mangudya on Monday told visiting Australian assistant secretary for Africa branch Gita Kamath that the country is ready to securitise its mineral resources in ex...

By Staff reporter | Published: 16 February 2018

BUSINESS NEWS

Mortgage lending rates too steep

The country's mortgage lending rates are still too high, a scenario that is limiting the number of ordinary people who can access mortgage finance, an expert in the industry has said. Real Estate Inst...

By Staff reporter | Published: 09 January 2018

FINANCIAL SERVICES

Getbucks to double mortgage loan book

Getbucks Microfinance Bank Ltd (Getbucks) is looking at doubling its mortgage loan book from current level of US$3 million on the back of the new political developments.Getbucks introduced mortgages t...

By Staff reporter | Published: 01 December 2017

FINANCIAL SERVICES

Getbucks' mortgage program gets positive uptake

Zimbabwe Stock Exchange-listed Getbucks Microfinance Bank says it is has extended mortgage loans to the tune of around $600 000 as at mid-year.The deposit-taking microfinance institution started offer...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Mortgage financiers dole out $45m worth of loans

Zimbabwe's leading housing financiers provided mortgages worth $45 million during the first half of 2017 with the bulk of the advances financing new units. The Zimbabwe Association for Housing Finance...

By Staff reporter | Published: 03 October 2017

FINANCIAL SERVICES

POSB joins mortgage financing race

THE People's Own Savings Bank (POSB) has disbursed $1,5 million in mortgage financing since certification early this year, as the bank announces its arrival in a competitive industry.The mortgage sect...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

POSB launches mortgage finance division

The People's Own Savings Bank (POSB) has launched a mortgage finance division as it spreads its products to increase revenue streams and consolidate its market.The new division seeks to finance housin...

By Staff reporter | Published: 23 August 2017

FINANCIAL SERVICES

Steward Bank offers mortgage facilities

STEWARD Bank has cut its interests rate to below eight percent and joined the bandwagon of institutions that offer mortgage facilities to clients for housing development.The bold move is likely to exc...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

'Zim govt will not mortgage minerals,' says Chinamasa

Government will not consider using the country's mineral resources as leverage to mobilise funds needed to revive the economy before conducting geological surveys of the resources available, an offici...

By Staff reporter | Published: 02 July 2014

CONSTRUCTION & PROPERTY

Pearl Properties revenue down

ZIMBABWE Stock Exchange-listed concern, Pearl Properties, recorded below-target revenue of $2,9 million for the four months to April 30, due to increasing rent arrears.General manager Francis Nyambiri...

By Staff reporter | Published: 29 May 2014

FINANCIAL SERVICES

Metbank to venture into mortgage finance

Metbank is seeking to introduce mortgage finance as the bank seeks to revive the bank's profitability.The bank's chairman Wilson Manase said the new business line would be launched in the latter part ...

By Staff reporter | Published: 31 March 2014

FINANCIAL SERVICES

CABS to lend $100 million for mortgage financing

CABS says it will lend $100 million in mortgaging financing this year and has doubled the repayment period in a boost for the property sector.Responding to questions from NewsDay, CABS managing direct...

By Staff reporter | Published: 05 March 2014

FINANCIAL SERVICES

CABS disburses $125,7m in mortgage finance

THE country's largest building society, CABS, has since 2010 disbursed $125,7 million in mortgage finance for 440 units, mostly low cost.Speaking at the Real Estate Institute of Zimbabwe workshop yest...

By Staff reporter | Published: 06 December 2013

FINANCIAL SERVICES

Liquidity constraints affect mortgage financing

ZIMBABWE'S largest mortgage lender CABS has channelled $112 million into housing development over the last three years as liquidity constraints continue to bite the economy, the company has said.CABS...

By Staff reporter | Published: 30 October 2013

CONSTRUCTION & PROPERTY

Construction industry banks on mortgages

Stakeholders in the construction industry are pinning their hopes on the availing of mortgage finance by financial institutions to boost their operational capacity to at least 60 percent.The construct...

By Business reporter | Published: 20 August 2013
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