FINANCIAL SERVICES

NMBZ's 2018 performance likely to be even better

NMBZ Holdings expects its 2018 performance to be even better than last year's, its chief executive, Mr Ben Washaya, told the group's annual general meeting last Thursday (May 24).He said already the o...

By Agencies | Published: 28 May 2018

FINANCIAL SERVICES

NMBZ piles up government paper

DUAL-LISTED financial services group, NMBZ Holdings, increased portfolio of Treasury Bills (TBs) by 273 percent during the year to December 31, 2017.Financial results from the Zimbabwe Stock Exchange-...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

NMBZ plans to maintain LSE listing

NMBZ Holdings says it will maintain its listing on the London Stock Exchange (LSE) because it is one of its biggest platforms for raising cash.NMBZ is listed on the Zimbabwe Stock Exchange and the LSE...

By Staff reporter | Published: 31 March 2018

FINANCIAL SERVICES

NMBZ achieves $10 million after-tax profit

NMBZ Holdings' profit before taxation for the year ended 31 December 2017 was $13 017 690. Profit after tax was $9 938 826, an increase of 96 percent over last year's after-tax figure of $5 058 166.It...

By Agencies | Published: 22 March 2018

FINANCIAL SERVICES

NMBZ yet to draw down SMEs credit lines

NMBZ Holdings has secured in excess of US$56 million worth of lines of credit in the last five years to fund various projects, but is yet to draw down on some of them due to foreign currency shortages...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

NMBZ shareholder backbone strengthened

Arise, an investment company formed by a partnership between Norfund, a Norwegian investment fund, FMO, a Dutch development fund and Rabobank, a Dutch commercial bank, is now NMBZ's second largest sh...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

NMBZ records half-year profit

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an increase ...

By Agencies | Published: 23 August 2017

FINANCIAL SERVICES

Arise becomes 2nd largest NMBZ shareholder

Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14...

By Agencies | Published: 21 August 2017

ANNOUNCEMENTS

NMBZ.zw| Notice of Annual General Meeting

Notice is hereby given that the 22nd Annual General Meeting of NMBZ Holdings Limited will be held at the Registered Office of the Company at 4th Floor, Unity Court, Corner 1st Street/ Kwame Nkrumah Av...

By A | Published: 05 July 2017

FINANCIAL SERVICES

NMBZ secures $37m offshore credits

Dual-listed financial services group NMB Zimbabwe Holdings (NMBZ) is set to secure $37 million in offshore credits earmarked for on-lending to industry and various sectors of the economy, a top compan...

By Staff reporter | Published: 21 June 2015

FINANCIAL SERVICES

NMBZ registers $1,6m profit

Zimbabwe Stock Exchange-listed NMB Zimbabwe Holdings (NMBZ) has registered a $1,6 million profit after tax in the full year to December 31, 2014, up from a loss of $3,3 million recorded in 2013.Tendai...

By Staff reporter | Published: 07 June 2015

FINANCIAL SERVICES

NMBZ eyes return to profitability

NMBZ Holdings says it has put in place measures to manage non-performing loans which affected its bank's performance, resulting in a record a loss of $3,3 million for the year to December 31, 2013.Gro...

By Conrad Mwanawashe | Published: 28 March 2014

FINANCIAL SERVICES

NMBZ seeks to raise $5 million

NMB Bank Limited is looking to raise about $5 million from investors such as pension funds to provide loans for Small and Medium Enterprise companies that have the capacity to pay back the money, NMB...

By Staff reporter | Published: 21 February 2014

FINANCIAL SERVICES

NMBZ issues a profit warning

The Board of Directors of NMBZ Holdings Limited said it would like to inform its shareholders and investors that it has reviewed its banking subsidiary's loan book and has increased its impairment los...

By Staff reporter | Published: 07 February 2014

FINANCIAL SERVICES

NMBZ shareholders approve placement of shares to offshore investors

NMBZ shareholders, unanimously voted for all the seven resolutions at an EGM held early this morning paving way for injection of new capital by offshore strategic institutional investors.Chairman Te...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

NMBZ secures $16 million from offshore, to raise $50 million

NMB has secured $16 million new capital from foreign investors which will help the bank raise more lines of credit for deploying in areas such as mining and agriculture, group CEO James Mushore told...

By Business reporter | Published: 10 June 2013
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