By Stephen T Chifamba
Harare, Zimbabwe (News of The South) CBZ Holdings Limited delivered a robust set of results for the first quarter ending March 31, 2025, buoyed by strong income performance and continued strategic investment in its digital and operational infrastructure.
The financial services giant reported a profit after tax of ZWG537.53 million, underpinned by a total income of ZWG1.41 billion. This was largely driven by solid performance in both funded and non-funded income streams. Funded income stood at ZWG486.24 million, while non-funded income contributed a stronger ZWG938.03 million, reflecting CBZ’s aggressive digital transformation and customer-centric strategy.
Group Chief Governance Officer, Rumbidzayi Jakanani, attributed the results to a resilient business model and strategic focus. “Our sustained success reflects our commitment to building enduring partnerships with clients and delivering exceptional banking and financial solutions tailored to their evolving needs,” she said.
Jakanani further noted that the strong top-line performance was made possible by investments in the Group’s service delivery ecosystem, especially through digital channels. “The performance we delivered in the first quarter is a testament to our financial strength and capitalisation, which is reinforced by a substantial market presence in deposit mobilisation and transactional volumes,” she added.
As of March 31, 2025, CBZ’s asset base closed at ZWG38.75 billion, with customer deposits at ZWG26.79 billion. The Group said this performance lays a solid foundation for the rest of the financial year and affirms its ability to provide sustainable value across all stakeholder groups.
“The solid deposit base continues to buttress the Group’s liquidity position and enhances its capacity to extend credit in a responsible and sustainable manner,” Jakanani said.
CBZ maintained a healthy capital position across all business units, with the Group confirming full compliance with regulatory capital thresholds. The Board reaffirmed its confidence in the institution’s ability to continue operating as a going concern, underscoring its commitment to ongoing capital support for all subsidiaries to enable effective delivery of strategic priorities.
“The Board has reviewed the Group’s financial position and is satisfied that CBZ Holdings and its subsidiaries will continue to operate as a going concern,” said Jakanani.
Despite an uncertain global economic outlook marked by trade tensions and fiscal adjustments, CBZ remains optimistic about growth prospects. Locally, the Group expects the prevailing tight monetary policy—geared towards inflation control and exchange rate stability—to persist. In response, CBZ plans to sharpen its focus on innovation, cost discipline, and efficient capital deployment.
“Strategic investments in operating assets, technology, people, and governance systems will remain central to our value-creation agenda,” Jakanani concluded.
With a strong first-quarter showing, CBZ Holdings appears well-positioned to navigate macroeconomic headwinds while continuing to play a pivotal role in Zimbabwe’s financial sector development.
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