Online Reporter
Nelson Gahadza
Senior Business Reporter
CBZ Holdings says it is well-positioned to pursue growth opportunities locally and regionally through continued innovation, cost discipline and efficient capital allocation.
This comes as the group has already unveiled plans to expand its operations into regional markets, marking a significant step in the group’s strategic growth.
According to chief executive officer Mr Lawrence Nyazema, the international expansion programme is not merely an opportunistic move but a calculated strategy driven by the need to support its existing partners and capitalise on the vast potential of the African market.
CBZ Holdings, in its financial results for the quarter ended March 31, 2025 said locally, monetary policy tightening was expected to persist as authorities continue to prioritise inflation control and exchange rate stability.
“Against this backdrop, the group is well-positioned to pursue growth opportunities both locally and regionally through continued innovation, cost discipline, and efficient capital allocation.
“Strategic investments in operating assets, technology, people, and Governance systems will remain central to our value-creation agenda,” Rumbidzayi Angeline Jakanani, the group chief governance officer, said in a statement of the financials.
She said for the period under review, the group delivered strong financial results, reflected in a profit after tax of ZiG537,53 million, from a total income of ZiG1,41 billion.
“This is a testament to the group’s financial position, strength and capitalisation, reinforced by a substantial market presence in deposit mobilisation and transactional volumes,” said Jakanani.
She noted that the group’s top-line performance was underpinned by a solid contribution from funded income at ZiG486,24 million, while non-funded income at ZiG938,03 million delivered particularly strong results for the quarter.
“Non-funded income was anchored on the ongoing investments in the service delivery channel ecosystem, particularly digital channels.
“Our sustained success reflects our commitment to building enduring partnerships with clients and delivering exceptional banking and financial solutions tailored to their evolving needs,” she said.
During the period under review, the group’s asset base closed the quarter at ZiG38,75 billion, supported by a deposit base of ZiG26,79 billion.
Ms Jakanani said the performance provided a foundation and set the tone for the remainder of the financial year, highlighting the group’s commitment to delivering sustainable value to all stakeholders.
She also said the solid deposit base continued to buttress the group’s liquidity position and enhance its capacity to extend credit in a responsible and sustainable manner.
Leveraging this funding strength and other key market metrics, she noted, the group remains focused on providing financial solutions that meet the dynamic needs of individuals, SMEs, and large corporations alike.
As part of the group’s growth and expansion plans, the group embarked on a restructuring exercise, which has since been completed and is now focused on benefiting from the exercise.
In recent years, the group has been on the market for acquisitions and mergers, part of the group’s broader efforts to strengthen its market position and ensure long-term sustainability in a dynamic market.
However, the Competitions and Tariffs Commission (CTC) ruled against its plan to acquire additional shares in First Mutual Holdings (FML) through a mandatory offer.
In its ruling, the CTC resolved that CBZ Holdings should maintain the 31,22 per cent shareholding in FML, which was initially approved by the Commission. CBZ’s plans to merge with ZB Financial Holdings also failed.
