TN CyberTech Investments Holdings Limited has posted a remarkable financial turnaround for the year ending 28 February 2025.
According to the group’s Integrated Annual Report, profit after tax surged to ZWG$3.5 billion, a staggering 898% increase from the prior year.
This growth was underpinned by strong customer deposits, increased lending, and income from strategic transactions, including the disposal of non-core subsidiaries.
“Our transformation into a technology-driven banking group is bearing fruit. We have created a robust and sustainable model that not only delivers value to shareholders but also positions us as a leader in financial inclusion,” said Group Chairman Dr Titus Murefu in his statement.
The group’s total assets grew to ZWG$4.8 billion, reflecting prudent investment management and strengthened banking operations.
Loans advanced rose by 72% to ZWG$902 million, while customer deposits more than tripled to ZWG$2.8 billion, signaling renewed confidence from clients.
With a capital adequacy ratio of 37%, far above regulatory thresholds, TNCIH remains financially resilient and well-positioned to sustain its growth trajectory.
Related Stories
Acting Chief Executive Officer of TN CyberTech Bank, Theresa Nyatanga, highlighted that the group’s focus on risk management and disciplined cost containment had been critical to achieving these results.
“We are building a scalable, efficient financial institution where technology reduces the cost of service delivery while improving customer convenience,” she said.
The 2025 Annual Report outlines a bold vision for TN CyberTech Bank to fully transition into a Neobank. This includes three key pillars:
- Automation of branches into machine-driven service centers,
- Remodeling the agency network to minimize human intervention and expand reach,
- Leveraging technology platforms to deliver 24/7 banking without reliance on physical presence.
“We are not merely digitising traditional banking processes — we are redefining banking itself. Our aim is to ensure that every Zimbabwean, regardless of location or income level, has access to affordable, reliable, and convenient banking services,” noted group CEO Tawanda Nyambirai in the report.
The restructuring also ushered in significant governance changes. The company rebranded from EcoCash Holdings to TN CyberTech Investments Holdings Limited, while its banking arm adopted the name TN CyberTech Bank Limited.
Beyond financial growth, TN CyberTech reaffirmed its mission of digital inclusion. By expanding its agent banking network — now with more than 160 agents nationwide — and launching the CyberCash platform, the Group is making financial services accessible to underserved communities.
“Our commitment is to create a bank without boundaries — where technology bridges the gap between the served and the unserved. This is not just about profitability, it’s about reshaping the financial landscape for generations to come,” said Dr. Murefu.
Leave Comments