FBC Holdings remained profitable in the first quarter to March 31, 2026, but at ZiG95,6 million, the improvement was little changed from the ZiG94,5 million achieved in the same period last year.
Performance during the review period was driven by rising customer activity, growing digital adoption and diversified revenue streams.
Total income reached ZiG719,8 million, with funded income contributing ZiG349,4 million, while non-funded income chipped in with ZiG376,2 million.
In a trading update for the review period, FBC said the business remained resilient despite lingering global economic uncertainty.
“The operating environment was mixed in the first quarter of 2026,” the group said.
“Persistent geopolitical tensions, trade policy conflicts, elevated interest rates, and continued commodity market volatility adversely affected global economic growth prospects.”
However, the group said Zimbabwe’s domestic environment remained relatively stable during the period under review, supported by low inflation and exchange rate stability.
“On the local front, there was relative stability during the period under review, as evidenced by low inflation and stable exchange rates,” FBC noted.
The lender said disciplined fiscal and monetary policies by authorities helped improve economic conditions, with annual ZiG inflation standing at 4,4 percent in March 2026.
FBC said profitability during the quarter was underpinned by higher transaction activity across its businesses.
“FBC Holdings Limited continued to trade profitably during the first quarter of 2026, underpinned by strong customer activity, diversified revenue streams, and prudent balance sheet management,” the group said.
The group added that growth in non-funded income was largely driven by digital banking activity and transaction volumes.
-herald
