CBZ Holdings Posts ZWG537.53 Million Profit in Q1 2025

CBZ Holdings has recorded a profit after tax of ZWG537.53 million for the first quarter ended 31 March 2025, supported by strong income growth and ongoing investments in its digital banking ecosystem.

According to the Group’s latest trading update, total income for the quarter reached ZWG1.41 billion, with non-funded income emerging as the primary driver, contributing ZWG938.03 million.

Funded income stood at ZWG486.24 million.

Group Chief Governance Officer Rumbidzayi Angeline Jakanani said the solid financial results underscore CBZ’s market strength and strategic focus.

“During the period under review, the Group delivered strong financial results, reflected in a profit after tax of ZWG537.53 million from a total income of ZWG1.41 billion , a testament to its financial strength and capitalisation, reinforced by a substantial market presence in deposit mobilisation and transactional volumes,” she said.

The Group attributed its robust non-funded income to sustained investment in service delivery infrastructure, particularly digital platforms that enhance customer convenience and efficiency.

“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 added.

CBZ closed the quarter with an asset base of ZWG38.75 billion and a deposit base of ZWG26.79 billion.

The bank said this performance lays a solid foundation for the remainder of the financial year and affirms its focus on creating long-term stakeholder value.

The strong deposit base, the Group noted, continues to underpin liquidity and expands its capacity to provide credit responsibly.

CBZ further reaffirmed its commitment to meeting the evolving financial needs of individuals, SMEs, and corporates by leveraging its market position, digital capabilities, and funding strength.

Looking ahead, the Group expects a continuation of monetary policy tightening as authorities prioritize inflation containment 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,” the trading update stated. “Strategic investments in operating assets, technology, people, and governance systems will remain central to our value-creation agenda.”

CBZ Holdings has maintained a strong trajectory into Q1 2025, reporting a profit after tax of ZWG537.53m from a total income of ZWG1.41b.

In a trading update for the quarter ended 31 March 2025, Group Chief Governance Officer Rumbidzayi Angeline Jakanani the Group’s top-line performance was underpinned by a solid contribution from funded income at ZWG486.24 million, while non-funded income at ZWG938.03 million delivered particularly strong results for the quarter.

“During the period under review, the Group delivered strong financial results, reflected in a profit after tax of ZWG537.53 million, from a total income of ZWG1.41 billion, a testament to its financial position strength and capitalisation, reinforced by a substantial market presence in deposit mobilisation and transactional volumes.”

Non-funded income was anchored on the ongoing investments in 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.”

The Group’s asset base closed the quarter at ZWG38.75 billion, supported by a deposit base of ZWG26.79 billion.

This performance provides a foundation and sets the tone for the remainder of the financial year, highlighting our commitment to delivering sustainable value to all stakeholders.

The solid deposit base continues to buttress the Group’s liquidity position and enhances its capacity to extend credit in a responsible and sustainable manner.

Leveraging this funding strength and other key market metrics, the Group remains focused on providing financial solutions that meet the dynamic needs of individuals, SMEs, and large corporates alike.

Looking ahead, the group said locally, monetary policy tightening is 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.”-herald