Articles tagged 'zb financial holdings'

ZB registers robust growth 13 August 2018 HARARE - ZB Financial Holdings (ZB) recorded a 12 percent increase in total income to $38,6 million in the half year ended June 30, 2018 driven by an expansion in net income from lending activities. The group reported a 15 percent profit increase to $9,35 million compared to $8,17 million reco...
ZB in massive land bank acquisition 12 August 2017 HARARE - Listed financial services group ZB Financial Holdings has embarked on a massive acquisition of land across the country to support strategic growth. The group chief executive officer, Ronald Mutandagayi, disclosed on Wednesday this week that ZB has been splurging cash on land and has b...
Vingirai threatens ZB pull out 23 June 2017 HARARE - Government is likely to regain its 23,5 percent stake in ZB Financial Holdings (ZBFH) after businessman Nicholas Vingirai threatened to pull out of the banking group due to shareholder disagreements. Market experts, however, said the divorce could have serious negative implications on...
Vingirai demands $2,7m from ZB 15 May 2017 HARARE - Businessman Nicholas Vingirai has demanded $2,7 million from ZB Financial Holdings (ZBFH) in accruing dividends for the past 11 years. In a letter written to ZBFH company secretary Charles Kathemba, Vingirai — who was ousted from the financial services group’s board at a tension-fille...
ZB holds on to $117m treasury bills 8 March 2017 HARARE - Intergrated financial services group, ZB Holdings (ZB), says it will not dispose its $117 million Treasury Bills (TBs) any time soon despite significant systemic settlement risk posed by the government-backed papers. ZB chief executive Ron Mutandagayi said the financial institution wa...
ZB returns to profitability 24 March 2016 HARARE - Zimbabwe Stock Exchange-listed financial services group, ZB Financial Holdings (ZB), yesterday said it recorded a 191 percent increase in profits to $8,9 million last year from a loss of $9,8 million in 2014. ZB chief executive Ron Mutandagayi told analysts that the company, which per...
ZB back in the black 27 August 2015 HARARE - ZB Financial Holdings (ZB) has returned to profitability after posted a $4,1 million after tax profit in the first half of 2015 from  loss of $2,5 million in the same period last year on the back of relentless implementation of cost management. The group’s chief executive Ron Mutandag...
ZB targets profitability in 2015 28 March 2015 HARARE - ZB Financial Holdings (ZB), one of the big banking institutions with a strong asset base in the country, is aiming a return to profitability this year through reduced overheads and product innovation. ZB chief executive, Ron Mutandagayi told analysts on Thursday that the creation of s...
Return Vingirai's assets – Gono 19 January 2015 HARARE - In a surprise turn of events in the ZB Financial Holdings (ZBFH) and Intermarket Holdings Limited (IHL) dispute, ex-Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono had acceded that Nicholas Vingirai must be given back his assets, businessdaily has learnt. This comes as the Transna...
Indigenisation fears linger 8 January 2014 HARARE - Foreign investors’ fears and discomforts will not subside despite government’s move to clarify its indigenisation policy, listed ZB Financial Holdings Limited ZBFH) says. While presenting the 2014 National Budget, Finance minister Patrick Chinamasa went out of his way to explain how t...
RBZ stalls ZB merger 17 December 2013 HARARE - ZB Financial Holdings (ZBFH) says a delay in Reserve Bank of Zimbabwe (RBZ) approval is stalling plans to merge its banking arm and mortgage lender, ZB Building Society (ZBBS). The group intends to combine ZB Bank and ZBBS as part of strategies to comply with the central bank's revise...
ZB hunts for MD 6 December 2013 HARARE - ZB FINANCIAL Holdings (ZBFH) seeks to recruit a managing director (MD) for its flagship unit ZB Bank Limited (ZB). This comes as the bank’s former MD Ronald Mutandagayi was in June elevated to chief executive of the group. Shadowsight Chiganze is currently ZB’s acting MD. The gr...
ZB to restructure 30 January 2013 HARARE - ZB Financial Holdings Limited (ZBFH) plans to streamline operations as part of strategies to contain costs and consolidate its capital base. The group currently expediting the merger of its banking unit with the building society said the rationale behind the move was mainly hinged on the...