BUSINESS NEWS

Stanbic, SAZ in solar plant deal

FINANCIAL services institution, Stanbic Bank Zimbabwe, has facilitated the construction of a ZAR7 million 190kw solar plant for Standards Association of Zimbabwe (SAZ) as part of interventions to aid ...

By Staff reporter | Published: 05 July 2019

FINANCIAL SERVICES

Zimbabwe's outlook remains bleak - Stanbic

STANBIC Bank Zimbabwe reported a 42% increase in after-tax profit to US$39,15 million in the year to December 2018, but the bank has warned that growth prospects for 2019 remain weak.In a statement ac...

By Staff reporter | Published: 30 April 2019

FINANCIAL SERVICES

Stanbic responds to clients

Stanbic Bank Zimbabwe has responded to requests by its clients in the capital to add Harare City Council as a biller on its digital platforms for ease of settling bills. Head of Personal and Business ...

By New Ziana. | Published: 05 July 2018

FINANCIAL SERVICES

Stanbic pours $164 million into mines

STANBIC Bank Zimbabwe has invested $164 million over the past 12 months to fund the working capital needs of the mining industry at a time the economy is battling foreign currency supply gaps.The figu...

By Staff reporter | Published: 08 June 2018

FINANCIAL SERVICES

Stanbic Zim unveils special financing for exporters

Stanbic Bank Zimbabwe (Stanbic) on Monday unveiled a special facility under which it will provide financing to struggling companies involved in the export business to meet their capital needs.Under th...

By Staff reporter | Published: 02 May 2018

FINANCIAL SERVICES

Stanbic Bank deposits clock $1.2 billion

STANBIC Bank Zimbabwe has exceeded $1 billion deposits in the financial year ended December 31, 2017.The bank's customers are, however, struggling to settle foreign payments as a result of foreign cur...

By Staff reporter | Published: 03 April 2018

FINANCIAL SERVICES

Stanbic Bank posts impressive profits

STANBIC Bank Zimbabwe has shrugged off the prevailing harsh economic environment to post an impressive set of results for the year ended December 2017 headlined by a profit after tax of $27.6 million,...

By Staff reporter | Published: 30 March 2018

FINANCIAL SERVICES

Stanbic offers 50% home equity loans

STANBIC Bank Zimbabwe is offering 50 percent home equity loans that allow home owners to move from one level of financial freedom to another.This comes as financial institutions are creating financing...

By Staff reporter | Published: 29 March 2018

BUSINESS NEWS

Stanbic Bank Zimbabwe wins $6m lawsuit

Stanbic Bank Zimbabwe has been awarded $6 million after successfully suing a construction company for failure to honour an overdraft facility arrangement. The bank entered into a financial deal with C...

By Staff reporter | Published: 07 February 2018

FINANCIAL SERVICES

Stanbic Bank wins $6m lawsuit

Stanbic Bank Zimbabwe has been awarded $6 million after successfully suing a construction company for failure to honour an overdraft facility arrangement.The bank entered into a financial deal with CE...

By Staff reporter | Published: 02 February 2018

FINANCIAL SERVICES

Stanbic urges uptake of insurance products

STANBIC Bank has called for greater uptake of insurance products in the country.The financial institution has since ventured into the insurance business noting that only a handful of Zimbabweans posse...

By Staff reporter | Published: 04 October 2017

FINANCIAL SERVICES

Stanbic warns of debit card fraudsters

STANBIC Bank has warned members of the public to guard against falling victim to debit card fraudsters.Acting head of personal and business Banking, Mr Patson Mahatchi said his bank has assumed respon...

By Staff reporter | Published: 29 September 2017

FINANCIAL SERVICES

Stanbic revamps home loans facilities

Stanbic Bank Zimbabwe has revamped its home loans offering in a bid to encompass both existing and prospective home owners.In an interview, the bank's acting head of personal and business banking Pats...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Stanbic Bank Zimbabwe pours $89m into mining

STANBIC Bank Zimbabwe says it has invested $88.8 million to fund the capital needs of various players in the country's mining sector in 2016 as part of its efforts to contribute to national developmen...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

Stanbic Bank pours $273m into tobacco farming

STANBIC Bank Zimbabwe says it has channelled $273.2 million towards financing the tobacco industry this year.The bank's head of corporate and investment banking, Mr Rhett Groves, said yesterday the su...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Stanbic to launch mobile banking app

Standard Bank Africa has announced plans to launch a new banking application in ten countries including at its local subsidiary Stanbic Zimbabwe, before the end of this year.Stanbic Bank Zimbabwe is a...

By New Ziana | Published: 12 July 2016

FINANCIAL SERVICES

Impressive results for Stanbic Bank

Stanbic Bank Zimbabwe weathered the harsh economic environment to record a $18,3 million profit after tax for the year ended December 31 2013 up from $17,2m for the comparative period in 2012.In a sta...

By Staff reporter | Published: 02 April 2014

FINANCIAL SERVICES

Stanbic is the Best Foreign Exchange Provider in Africa

Stanbic Bank's parent company, Standard Bank group, Africa's largest lender by assets, has been named the winner of Best Foreign Exchange Provider in Africa 2014 for a second successive year. Standar...

By Staff reporter | Published: 12 February 2014

FINANCIAL SERVICES

Stanbic rolls out new sales tablet

A LOCAL unit of South Africa-headquartered Standard Bank Group has rolled out a new sales tablet and application as the bank goes paperless to improve efficiencies, the bank has announced.The sales t...

By Staff reporter | Published: 04 December 2013

ZIMBABWE

CBZ, Stanbic win CSD tender

CBZ and Stanbic banks have won a tender to become settlement and clearing banks for the Central Securities Depository (CSD) which is expected to go live later this month, Chengetedza Depository Compan...

By Staff reporter | Published: 09 October 2013

FINANCIAL SERVICES

SA banks still profitable in Zimbabwe

Stanbic Bank, the Zimbabwe-based unit of Standard Bank Group, has remained profitable despite the challenging economic and banking environment it operates from.In its half-year to June 30 2013, Stanbi...

By Staff reporter | Published: 04 September 2013

FINANCIAL SERVICES

Stanbic profit up 23%

Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income. Fee and commission income...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

Standard Bank says wants to keep majority of Stanbic

South Africa's Standard Bank wants to keep a majority stake in its Zimbabwean unit, its new joint chief executive said on Thursday, despite Harare's demand to hand control to local blacks.Zimbabwe i...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Stanbic Bank sign up to EcoCash

Econet Wireless has announced that Stanbic Bank is now offering its customers full access to EcoCash.Stanbic Bank becomes the first international bank in the country to get connected to EcoCash. Th...

By Business reporter | Published: 10 June 2013
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