CBZ Holdings Posts 10% Profit Growth as Deposits, ...

CBZ Holdings Posts 10% Profit Growth as Deposits, Assets Surge

CBZ Holdings Limited has reported a strong financial performance for the nine months ended September 30, 2025, driven by solid income growth, expanding deposits, and prudent financial management across its core business units.

According to the group’s latest trading update, profit after tax rose by 10% to ZWG$1.1 billion from ZWG&1.0 billion in the prior period. Total income surged by 58% to ZWG$4.2 billion, while total assets increased by 13% to ZWG$38.9 billion. Deposits climbed by 25% to ZWG$27.1 billion, underscoring the group’s strong customer confidence and market leadership.

Group Chief Legal Advisor and Governance Executive, Rumbidzayi Angeline Jakanani, said the performance highlights the bank’s resilience and strategic consistency amid mixed economic conditions.

“The group sustained stable performance across its core businesses, supported by disciplined financial management, operational efficiency, and continued focus on strategic execution,” she said.

CBZ noted that the global economy showed signs of gradual recovery during the period, with the International Monetary Fund revising growth forecasts upward. However, lingering geopolitical tensions and currency volatility continued to shape market conditions.

“In Zimbabwe, the economy maintained ongoing signs of recovery during the third quarter of 2025, benefiting from improvements in agricultural output and the relaxation of power supply challenges,” the update stated.

The bank acknowledged the positive developments in local capital markets, where the Zimbabwe Stock Exchange All Share Index rose 6.8% during the quarter, translating to a market capitalisation of ZWG$4.3 billion.

CBZ’s total income for the period jumped to ZWG$4.23 billion, up from ZWG$2.68 billion in 2024, reflecting “stable performance supported by sound capitalization and an established market position in deposit mobilization and transactional volumes.”

The bank’s total equity grew 15% to ZWG$9.07 billion, while total advances rose 17% to ZWG$9.68 billion, indicating sustained lending activity. Non-funded income, largely from fees and commissions, also contributed positively.

“Non-funded income benefited from the Group’s leading market share in deposits, a growing customer base, and an extensive service channel network,” CBZ said.

The group closed the period with total assets of ZWG$38.9 billion, up 13% from December 2024’s ZWG$34.4 billion. Customer deposits stood at ZWG$27.1 billion, showing robust growth supported by deposit mobilization efforts.

CBZ said it remains focused on sustaining operational efficiency, digital transformation, and regulatory compliance while exploring new opportunities across its business lines — banking, insurance, investments, and agro-business.

“The Group continues to prioritise broadening its long-term deposit base for reliable funding and to strengthen its financial position. The overall performance during the period reflects consistent execution of strategic initiatives aimed at sustainable value creation,” Jakanani noted.

The update reaffirmed CBZ’s commitment to maintaining a solid capital position and adhering to minimum regulatory requirements.

“The Board has assessed the group’s ability to continue as a going concern and is confident that adequate resources are in place to sustain operations in the foreseeable future,” the statement read.

CBZ’s outlook remains positive as it continues to leverage its scale and strategic partnerships to drive growth. With rising deposits, solid asset growth, and consistent profitability, the financial services giant appears well positioned to deliver stronger results into 2026.

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