Online Reporter
Online Reporter
CBZ Holdings remained profitable after recording a net profit of ZiG361,34 million in the three months to March 31, 2026, as the diversified financial services group benefitted from continued momentum in digital banking channels, steady transactional deposits and the growth in its lending business.
Total income stood at ZiG1,33 billion during the period under review, compared to ZiG1,41 billion recorded in the comparable period last year, while profit after tax declined from ZiG537,53 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 Ms 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 once-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, attributed to sustained activity on digital platforms and a stable transactional deposit base.
The group’s customer deposits remained firm at ZiG27,8 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 to ZiG41,15 billion previously.
Ms 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.
