Online Reporter
Nelson Gahadza
Business Reporter
CBZ Holdings delivered a resilient financial performance for the quarter ended March 31, 2026, recording profit after tax of ZiG361,34 million as the diversified financial services group benefited from continued momentum in digital banking channels, steady transactional deposits and growth in its lending business.
The group posted total income of ZiG1,33 billion during the period under review, compared with ZiG1,41 billion recorded in the comparable period last year, while profit after tax declined from ZWG537,53 million in the prior year.
Despite the lower profitability, the group said underlying earnings remained strong, supported by growth in funded income and steady core revenue streams.
Group Chief Governance Officer Rumbidzayi Angeline Jakanani said the business remained resilient despite a challenging global operating environment and evolving domestic regulatory conditions.
“The group’s underlying operational performance remains sound, supported by diversified income streams, disciplined execution and ongoing capitalisation initiatives across subsidiaries, positioning the business for sustainable growth,” she said.
Funded income increased to ZiG658,48 million from ZiG627,63 million in the prior comparable period, driven mainly by growth in loans and advances to customers.
However, non-funded income moderated to ZiG878,09 million from ZiG938,03 million, largely due to the non-recurrence of one-off treasury bill gains recognised during the prior year.
The group’s commission and fee income rose by 4,9 percent to ZiG524,17 million from ZiG499,58 million, with the group attributing the growth to sustained activity on digital platforms and a stable transactional deposit base.
The group’s customer deposits remained firm at ZiG27,83 billion, slightly higher than ZiG27,76 billion recorded in the same period last year, while loans and advances increased marginally to ZiG10,26 billion from ZiG10,19 billion.
Total assets closed the quarter at ZiG40,81 billion compared with ZiG41,15 billion previously.
Jakanani said the group’s balance sheet remained liquid and well-capitalised, enabling the institution to maintain a strong market position while supporting future expansion plans.
“The group remains on course to achieve its revenue and profitability targets for the financial year, supported by continued business momentum and focused execution of strategic priorities,” she said.
She added that all business units remained adequately capitalised, with regulated subsidiaries compliant with minimum capital requirements.
“The group commenced subsidiary recapitalisation in the prior period and continues to deploy capital in the current year in a targeted manner to support identified growth initiatives,” said Jakanani.
She indicated that focus would remain on optimising balance sheet utilisation, strengthening liquidity management and deepening customer-centric financial solutions across its operations.
The group also indicated it would continue leveraging strategic partnerships to unlock new business opportunities and drive long-term growth.
