adminFINANCIAL services group ZB Financial Holdings has told shareholders that the group’s performance in the four months ended April 2015 has been above expectations as operating costs continue to plummet.
In a cautionary released Wednesday, ZB maintained that “indications are that this trend is likely to be maintained for the rest of the year.”
The group recently secured a cash injection of US$20 million from one of its major shareholders in the form of an interest-free loan, with a 10-year tenor for its subsidiary, ZB Bank.
It is believed that the group will further boost its capital through various initiatives.
Bongani Ndlovu
Online Reporter