The Deposit Protection Corporation has announced the first creditors' meeting for ZB Building Society following its placement under liquidation, with claims due by July 27.
First Capital Bank's parent company, FMBcapital Holdings Plc, has secured in-principle approval from the Bank of Mauritius to establish a new commercial bank through a joint venture, marking another milestone in its regional expansion strategy.
Zimbabwe's leading financial institutions have warned that prolonged tight monetary and fiscal policies, while stabilising inflation and the ZiG currency, are increasingly restricting lending and slowing private sector growth.
Old Mutual says the integration of Old Mutual Finance into OM Bank remains on track for completion this year after the bank's customer base surged to 473,000 and retail deposits climbed to R541 million.
The High Court of Zimbabwe has dismissed an application by African Century Limited, a registered Deposit Taking Microfinance Bank, seeking the release of a high-end Toyota Land Cruiser VXR valued at over US$147,000 seized by the Zimbabwe Revenue Authority.
Stanbic Bank Zimbabwe Limited recorded a good financial performance for the year ended 31 December 2025, achieving a profit after tax of ZWG1.7 billion, driven by robust loan book growth and strong economic fundamentals.
At a time when Zimbabwe is planning a phased transition to a mono-currency system, with the goal of making the Zimbabwe Gold (ZiG) its sole legal tender by 2030, the ZiG has been ranked as one of the world’s worst-performing currencies, according to United States economist Professor Steve Hanke, who placed it sixth on his latest Hanke’s Currency Watchlist.
HARARE - FBC Holdings Limited is negotiating credit lines worth more than US$50 million to strengthen its funding base and expand lending to customers, as liquidity constraints continue to weigh on the domestic financial sector.
HARARE - Poor Zimbabweans, heavily reliant on mobile banking and traditional financial services for their daily transactions, are facing a "hidden burden" as "exploitative" charges for simple balance inquiries erode their already stretched incomes and undermine efforts to promote financial inclusion in the country.
HARARE - FBC Bank Limited's bid to appeal a Labour Court ruling has been rejected by the Supreme Court of Zimbabwe, upholding the lower court's decision to strike off the bank's application for rescission of a default judgement in a labour dispute with former employee Kudzai Kwangwari.
