Nyambirai explains rationale behind Steward Bank renaming
The renaming of Steward Bank to TN Cybertech Bank — a reversal of its 2013 name change from its original TN Bank — has generated much debate, and chief executive … Read More
Category: Finance
Afreximbank posts record profits amidst global economic strain
Against a backdrop of global economic turbulence, the African Export-Import Bank (Afreximbank) has delivered a stellar financial performance for the year ending December 31, 2024, firmly establishing its pivotal role … Read More
Steward Bank seeks name change to TN Cybertech Bank, hinting at strategic shift
Steward Bank Limited has applied to the Registrar of Companies to change its name to TN Cybertech Bank Limited, signalling a potential strategic shift in Zimbabwe’s banking sector. A public … Read More
Zim to get share of US$300m Afreximbank dividend
The bank noted that this approach ensured a balance between internal and external financing sources.The government is set to receive its share from the US$300 million dividend declared by Afreximbank … Read More
Strong revenue growth underpins NBS’s US$2.7m core system upgrade
THE National Building Society (NBS) has reported a significant 335 percent growth in net interest income for the year ended December 31, 2024, compared to the prior year. This growth, … Read More
Stanbic Bank empowers SMEs with tailored solutions
STANBIC Bank Zimbabwe has strategically positioned itself to support Small to Medium Enterprises (SMEs) through purpose-built solutions, including its Africa-China Trade Agent Proposition, which connects local businesses with key suppliers … Read More
Short-term insurance complaints up 40% in 2024
SHORT-TERM insurance complaints rose 40% in 2024 to 126, driven by unsatisfactory services and delays in settlement claims, a new report by the industry’s regulator shows. In the Insurance and … Read More
VFEX market turnover rises to US$58,5m in Q1
VFEX recorded its first delisting in January after National Foods Holdings Limited delisted, two years after it joined the United States dollar-only bourse.THE Victoria Falls Stock Exchange (VFEX) recorded a … Read More
Pensions industry’s financial position strengthens in 2024
THE pensions industry’s total asset valuation rose by 13,3% to US$2,26 billion last year, driven by revaluation gains, new investments and fair value gains on investments, a new report has … Read More
Lines of credit augmenting local bank deposits: BAZ
Local banks have been actively mobilising millions of dollars in lines of credit for on-lending, primarily to productive sectors of the economy, to supplement local deposits. According to recent financial … Read More
