NBS bounces back to profitability

Speaking at the mortgage lender’s 10th anniversary celebrations, Reserve Bank of Zimbabwe (RBZ) director of Banking Supervision Philip Madamombe said address­ing the country’s housing challenges required cooperation between the public and private sectors.

NBS recorded a surplus of ZiG95,3 million during the six months ended June 30, 2025, overturning a ZiG288 million loss realised in the comparable period last year, thanks to growth in funded income.Net interest income grew 255 percent year-on-year in line with the building society’s strategic focus on funded income growth.“The society delivered a strong…

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