FINANCIAL SERVICES

NMB stockpiles Govt commercial paper

NMBZ Holdings has increased its portfolio of Treasury Bills (TBs) by 27,1% during the year to December 31,2018 to US$117,2m. In 2017, the group's TBs holding stood at US$92,2m.The financial results fr...

FINANCIAL SERVICES

NMB Bank assists orphans in Dzivarasekwa

NMB Bank last week handed over food items and cooking pots to the Dzikwa Trust, a charitable organisation in Harare's Dzivarasekwa suburb that assists and empowers orphans and vulnerable children from...

FINANCIAL SERVICES

NMB Bank sources $15m for exporters

NMB Bank has a $15 million four-year line of credit facility available to exporters, NMB chief executive Ben Washaya told exporters attending a breakfast meeting the bank held for them on Friday last ...

FINANCIAL SERVICES

'Adapt technology to solve African problems'

"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...

FINANCIAL SERVICES

NMB Bank opens sub-branches

The sub-branch that NMB Bank opened recently in Bindura is one of a number of sub-branches the bank intends to open in various cities and towns around the country to provide banking, advisory and supp...

NMB Bank partners World Remit, Small World

NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries.The ban...

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...

FINANCIAL SERVICES

NMB income rose 53%

NMB Bank Zimbabwe operating income rose 53 percent to $19,2 million for the four months to April 30, 2018 driven by growth in interest and non-interest income. Chief executive Benefit Washaya told sha...

FINANCIAL SERVICES

NMB Bank opens sub-branch in Bindura

NMB Bank has opened a sub-branch in Bindura to provide existing and potential customers in Mashonaland Central with ready access to its banking services and products. The sub-branch opened for busines...

FINANCIAL SERVICES

NMB named among top 200 brands

NMB Bank was named as one of the top 200 brands in the Marketers' Association of Zimbabwe Superbrands selection process at an event held at the Crowne Plaza Hotel last Friday (May 18).The top 200 bran...

FINANCIAL SERVICES

NMB secures forex clearing agent

NMB Bank says it has secured a corresponded agent for United States dollars and Euro clearing with a German bank to facilitate international transactions.The bank said in a notice that it has partnere...

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-...

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...

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...

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...

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...

FINANCIAL SERVICES

NMB gets RBZ approval for agency banking

Listed financial services provider NMB Holdings has received approval from the Reserve Bank of Zimbabwe for its banking subsidiary to introduce agency banking.Chief executive Mr Ben Washaya told anal...

LATEST PUBLISHED REPORTS

NMB.zw | Unaudited Financial Results HY17

Financial Highlights:– Revenue $ 19 152 483– Operating income $ 19 343 790– Profit before taxation $ 4 838 174– Profit for the period $ 3 556 915– Dividend Nil– Total comprehensive income ...

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 ...

FINANCIAL SERVICES

NMB launches new package

NMB Bank has launched a new package of financial services after unveiling the NMBLife range of products at the ongoing Harare Agricultural Show. This takes the group's progress, in terms of the bank's...

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...

FINANCIAL SERVICES

NMB helps parents ensure prompt payment of school fees

NMB Bank is now offering school fees loans to working parents, no matter what school their children are attending, enabling them to ensure that school fees are paid in full and on time.The loan is ava...

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...

LATEST PUBLISHED REPORTS

NMB.zw | Unaudited Financial Results HY16

Financial Highlights:- Net interest income: $ 11 641 891- Revenue: $ 19 579 629- Profit before taxation: $ 3 558 801- Profit for the period: $ 2 640 274- Dividend: Nil- Total comprehensive income for ...

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...