FINANCIAL SERVICES

Steward PAT up 42% on non-funded income

STEWARD Bank recorded a 42% increase in profit-after-tax to ZWL$31,9 million in the year ended February 28, 2019 from ZWL$22,5m recorded in the previous year, driven by growth in non-interest income.D...

By Staff reporter | Published: 04 July 2019

FINANCIAL SERVICES

Steward Bank partners Chinese card firm UPI for financial card services

STEWARD Bank has partnered Chinese financial services firm, UnionPay International (UPI), to provide payment services for Zimbabweans travelling between the southern African country and Beijing."Basic...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Zifa, Steward bank under probe

POLICE are investigating how $200 000 was illegally moved from a Zifa Steward Bank account at a time funds had been attached by the Sheriff of the High Court on behalf of the association's creditors.T...

By Staff reporter | Published: 02 December 2018

FINANCIAL SERVICES

Steward Bank profit before tax rises 133%

STEWARD Bank has recorded profit before tax of $32,7 million for the full year ended February 28, 2018, a 133 percent jump from last year's $8,4 million.In statement accompanying the bank's financial ...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Steward Bank recorded 176 000 new customers

STEWARD Bank recorded 176 000 new customers, which helped grow its profit after tax by 268,4% to $22,45 million for the financial year ending February 28, 2018.This was from a previous of $6,15 millio...

By Staff reporter | Published: 01 June 2018

FINANCIAL SERVICES

Steward Bank partners Net Guardian to curb card cloning

STEWARD Bank has partnered with Net Guardian fraud monitoring experts for banks worldwide, to implement a fraud monitoring system to ensure security of transactions, in the wake of increased card clon...

By Staff reporter | Published: 28 May 2018

FINANCIAL SERVICES

Steward Bank offers mortgage facilities

STEWARD Bank has cut its interests rate to below eight percent and joined the bandwagon of institutions that offer mortgage facilities to clients for housing development.The bold move is likely to exc...

By Staff reporter | Published: 09 August 2017

FINANCIAL SERVICES

Steward Bank suspends DStv payments

ZIMBABWE'S Steward Bank has suspended payments to the pay-TV subsidiary of South Africa's Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the south...

By Staff reporter | Published: 13 July 2017

FINANCIAL SERVICES

Steward Bank wins labour case

Steward Bank has won a labour dispute against 11 of its workers, who were seeking a court order barring the financial institution from withholding their salaries and benefits pending retrenchment.Nisb...

By Staff reporter | Published: 07 June 2015

FINANCIAL SERVICES

Manager siphons $182,000 from Steward Bank

A manager with Steward Bank allegedly defrauded the bank of over $180 000 by creating fictitious credit accounts that he used to purchase air tickets, withdraw cash as well as buy goods in foreign cou...

By Tendai Rupapa | Published: 17 February 2015

FINANCIAL SERVICES

Nelson Mandela's daughter leaves Steward Bank

Makaziwe Mandela, the eldest daughter of the late South Africa president Nelson Mandela has resigned from Steward Bank's Board after being nominated to sit on the board in July 2012 after Strive Masiy...

By Staff reporter | Published: 12 May 2014

FINANCIAL SERVICES

Steward Bank launches Diaspora Banking products

Steward Bank last week launched a suite of innovative Diaspora Banking products targeted at Zimbabweans living, working or studying abroad. The product suite was unveiled by Steward Bank CE Kwanele Ng...

By Staff reporter | Published: 12 May 2014

FINANCIAL SERVICES

Steward Bank posts $26,4 million loss

Steward Bank posted a loss of $26,4 million for the year ended February 28, 2014 which it attributed to an on-going restructuring process.The bank said it incurred non-recurring operating expenditur...

By Staff reporter | Published: 08 May 2014

FINANCIAL SERVICES

Steward Bank growth will come from EcoCash services

Steward Bank, the wholly-owned subsidiary of Econet Wireless Zimbabwe, posted a loss of $26.3 million as the company continues restructuring away from traditional banking to focus on services related ...

By Staff reporter | Published: 06 May 2014

FINANCIAL SERVICES

Steward Bank opens new branch

STEWARD Bank on Wednesday opened a new branch in Bulawayo as part of its expansion drive.Speaking at the official opening of the branch along Fife Street, Steward Bank chief executive officer (CEO) Kw...

By Staff reporter | Published: 25 April 2014

FINANCIAL SERVICES

Steward Bank to close 8 branches

Steward Bank intends to close about eight branches across the country, rendering more than 100 employees jobless, as the bank seeks to streamline its costs.The financial institution, currently with 20...

By Tinashe Makichi | Published: 23 April 2014

FINANCIAL SERVICES

EcoCash pushes Steward Bank deposits by $20m

ECONET Wireless Zimbabwe's electronic banking product, EcoCash Save, has bolstered the deposit base of its commercial banking sibling, Steward Bank, a senior executive said. Steward Bank chief executi...

By Staff reporter | Published: 10 April 2014

TELECOMS & TECHNOLOGY

Econet forcing suppliers to open bank accounts with Steward Bank

SUPPLIERS of telecommunications concern Econet Wireless are up in arms over a recent directive compelling them to open accounts with the mobile phone operator's bank, Steward Bank, businessdigest repo...

By businessdigest | Published: 14 March 2014

TELECOMS & TECHNOLOGY

Econet gives in to banks

ZIMSWITCH has broken the impasse with Econet Wireless Zimbabwe over restricted access to its mobile money transfer system, unstructured supplementary service data, with the latter's banking unit now c...

By Staff reporter | Published: 04 March 2014

FINANCIAL SERVICES

Steward Bank's ZimSwitch application hits a snag

THE ugly fight between banks and Econet Zimbabwe, the country's largest telecoms company, has sucked in its subsidiary Steward Bank, amid revelations other banks have refused the bank entry onto the p...

By Staff reporter | Published: 19 December 2013

FINANCIAL SERVICES

Steward Bank targets top five spot

STEWARD Bank has reported massive write downs in its operations, with swelling expenses and declining incomes during the half year to August 31, 2013 highlighting the challenge that its new owner, Eco...

By Staff reporter | Published: 07 November 2013

FINANCIAL SERVICES

'Steward is Zim's largest bank,' says Econet

Econet Wireless Zimbabwe (Econet) says its banking subsidiary Steward Bank (Steward) is now the largest bank in the country in terms of account holders with over 500 000 subscribers registered on its...

By Staff reporter | Published: 01 November 2013

FINANCIAL SERVICES

Steward Bank wants to set up a distinct brand

STEWARD Bank, which was until recently a subsidiary of Lifestyle Holdings, will move out of Lifestyle Holdings premises by end of this year. Sources close to the developments indicated last week that ...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

TN Bank re-brandings to 'purple' Steward Bank

Econet Wireless Limited has change the name of its banking subsidiary, TN Bank Limited, to Steward Bank Limited, sealing the transformation of the commercial bank expected to capitalise on Econet's g...

By Business reporter | Published: 03 July 2013

FINANCIAL SERVICES

TN Bank changes name to Steward Bank

Econet Wireless Limited is to change the name of its banking subsidiary, TN Bank Limited, to Steward Bank Limited, sealing the transformation of the commercial bank expected to capitalise on Econet'...

By Business reporter | Published: 10 June 2013
Pages:
1

Latest News

Latest Published Reports

Latest jobs