Published: 22 May 2025

NMBZ Holdings has posted a record performance for the first quarter of 2025, generating an impressive operating income of ZWG396 million, as the financial services group sets its sights on regional growth and digital innovation.

In a trading update for the quarter ended March 31, 2025, NMBZ company secretary Violet Mutandwa said the group had started the year on a strong note, buoyed by significant income generated through digital platforms.

"The group started the year strongly, generating operating income of ZWG396 million for the three months ended 31 March 2025," Mutandwa said. "Fee and commission income contributed 64% of the total income, mainly generated on the bank's digital platforms. Net interest income amounted to ZWG141 million."

The group posted a profit after tax of ZWG56 million, marking a robust beginning to the financial year. Total assets grew to ZWG7.5 billion, representing a 5% increase from the end of 2024. This growth was underpinned by prudent lending practices and disciplined loan book management as the bank eyes an expansion in credit offerings.

NMBZ is also pursuing external lines of credit to boost lending to Zimbabwe's productive sectors and expects to finalise funding exceeding US$70 million in the near term.

"As we continue to grow, mobilising offshore lines of credit remains a key pillar to support productive sector lending," the update noted.

The bank is accelerating its digital transformation efforts, with several projects underway to upgrade its transactional platforms and enhance customer experience. Among these is the upcoming launch of a new, enhanced mobile banking application tailored for both corporate and individual clients, set for rollout in the next quarter.

Meanwhile, all subsidiaries within the NMBZ group continue to show positive growth. The fintech arm, XPlug Solutions, is spearheading various technology-driven initiatives including the implementation of modern fintech operating systems and Robotic Process Automation (RPA) to streamline internal processes.

The company's performance and ongoing projects reflect a strategic focus on innovation, sustainable growth, and positioning NMBZ as a key regional player in financial services.

As the group continues to evolve, market watchers will be keen to see how NMBZ balances digital innovation with its ambition to extend its footprint beyond Zimbabwe.
- newzimbabwe

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