Articles tagged 'posb'

Govt approves POSB part privatisation 29 September 2018 HARARE - Government has approved part privatisation of the People's Own Savings Bank (POSB) to enable the bank to raise capital, enhance service delivery and improve operational efficiency. The move is expected to enable the financial institution to fund the country's struggling productive sec...
POSB to establish exporters' credit facility 6 September 2018 HARARE - The People's Own Savings Bank (POSB) says it will soon unveil a $10 million line of credit aimed at assisting exporters to secure foreign currency. A persistent trade deficit has plunged Zimbabwe into a serious foreign currency shortage, which, among other factors, has created difficu...
POSB records $8m profit 29 August 2018 HARARE - The People's Own Savings Bank (POSB) yesterday said its net profit surged by 111 percent to $8,11 million in the half year to June 30, 2018 due to an increase in interest income. Interest income increased by 27 percent to reach $8,43 million from $6,62 million during the same period. ...
Charumbira's vehicle faces auction over debt 4 July 2017 HARARE - President of the National Council of Zimbabwe Chiefs Fortune Charumbira faces the imminent threat of his luxury SUV vehicle being auctioned off after defaulting on repayments amid a crackdown on overdue loans by banks. People's Own Saving Bank (POSB) has served notice of an auction of...
POSB performance impressive: Chinamasa 12 May 2016 HARARE - Finance minister Patrick Chinamasa says government is happy with the performance of State-owned People Own Savings Bank (POSB), which registered a $7,9 million profit in the full year to December 2015. Addressing the bank's board and management at an annual general meeting held in the...
Stick to basic banking tenets: Kandlela 21 July 2015 HARARE - The People's Own Savings Bank (POSB) is one of the few State-owned institutions that are performing exceptionally well — above market expectations. The POSB recently posted a $1,2 million profit and last month gave over $313 000 in dividend to government,  for the second time in five ...
Govt retains majority stake in POSB 19 December 2012 HARARE - Cabinet has restructured the People s Own Savings Bank (POSB), with government retaining a 51 percent stake, while private players will get a 49 percent share, a Cabinet minister has said. Gorden Moyo, the State Enterprises and Parastatals minister, yesterday told journalists that govern...
POSB's Kandlela scoops award 15 October 2012 HARARE - People's Own Savings Bank chief executive Admore Kandlela has been awarded the inaugural Most Customer Focused Executive (Public Sector Category) by the Contact Centre Association of Zimbabwe (CCAZ). The prestigious award was presented to Kandlela at the Zimbabwe Service Excellence Award...
POSB deposits up 31 August 2012 HARARE - People s Own Saving Bank (POSB) has reported an 11 percent increase in total deposits to $57,6 million for the half-year, while total assets rose 12 percent to $73,1 million. The banking concern however, said despite country growth prospects remaining positive, they will likely be lowere...