Online Reporter
Nelson Gahadza
Zimpapers Business Hub
Financial services group CBZ Holdings’ after-tax profit for the nine months to September 30, 2025, grew by 10 percent to ZiG1,11 billion from ZiG1,01 billion in the same period last year, driven by strong volume expansion.
The group’s sound capitalisation and significant market share pushed the volumes.
During the period under review, total income amounted to ZiG4,23 billion, being 58 percent above the ZiG2,68 billion reported in the prior year.
“The growth was supported by sound capitalisation and an established market position in deposit mobilisation and transactional volumes,” Mrs Rumbidzayi Angeline Jakanani, the group chief legal advisor and governance, said in a trading update.
She said the topline performance was underpinned by funded income of ZiG1,46 billion, while non-funded income of ZiG2,75 billion provided notable support to overall earnings for the period.
“Non-funded income benefited from the group’s leading market share in deposits, a growing customer base and an extensive service channel network within the banking sector, complemented by positive results across the diversified subsidiary portfolio,” said Mrs Jakanani.
She said the performance underscores the group’s commitment to being a trusted financial partner, providing integrated financial solutions that support customer growth and success.
During the period under review, the group’s asset base closed at ZiG38,93 billion, a 13 percent increase from the December 2024 position of ZiG34,42 billion, supported by a customer deposit base of ZiG27,09 billion.
Mrs Jakanani said the group continued to prioritise broadening its long-term deposit base to reinforce balance sheet stability and ensure a sustainable funding structure.
“The overall performance during the period reflects consistent execution of strategic priorities and positions the group for a steady close to the financial year,” she said.
She also noted that all business units are adequately capitalised to sustain operations and strategic growth plans, with all regulated entities maintaining full compliance with minimum capital requirements.
“Further capitalisation initiatives are underway to strengthen key subsidiaries in line with their respective mandates,” said Mrs Jakanani.
Looking ahead, Mrs Jakanani said the local economy is set to continue on the positive growth trajectory, supported by an expected better rainfall season, higher gold prices and improved energy supply, coupled with the ongoing fiscal reforms that will enhance the ease of doing business.
She said that against this backdrop, the group was well-positioned to pursue growth opportunities and strategic investments in technology, people and governance will remain central.
