ZB Financial cites stable exchange rate for better results
ZB Financial Holdings (ZBFH) has hailed the sustained stable exchange rates throughout the year 2025 after posting a strong net profit of ZWG0,629 billion during the annual period. Presenting the annual report for the year 2025, ZBFH chairperson Agnes Makamure said the operating environment during the period under review remained relatively stable, although global headwinds continued to weigh on economic activity. “The official exchange rate remained largely stable depreciati
ZB Financial Holdings reported a strong net profit of ZWG0,629 billion for 2025, attributing part of its success to stable exchange rates. The chairperson, Agnes Makamure, highlighted that the exchange rate remained largely stable, depreciating by 0.7% over the year. This stability was due to the Reserve Bank of Zimbabwe's tight monetary policy, with the policy rate held at 35% throughout 2025. The ZWG currency saw increased usage in electronic transactions, reaching 30-40% by year-end. Total assets rose from ZWG14.249 billion in 2024, driven by higher cash and investment levels. Net profit dropped from ZWG1.042 billion in 2024 due to reduced foreign exchange gains. However, maintainable earnings improved from a loss of ZWG0.292 billion to a profit of ZWG0.073 billion. Total income increased to ZWG3.108 billion, supported by non-funded income. ZB Financial launched new digital products and a core banking system to boost efficiency and customer experience.
Stable exchange rates and improved financial performance are crucial for economic stability and business confidence in Zimbabwe.
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