FIRST Capital Bank (FCB) recorded a 52 percent year-on-year surge in profit to US$30 million for the year ended December 31, 2025, driven by strong customer acquisition and improved efficiencies from technology-enabled processes.
The group’s positive performance also benefited from an expanded omnichannel presence, an upgraded ATM estate, and the deployment of integrated corporate cash management solutions.
“Crucially, the quality of our earnings improved significantly, with less than US$0,5 million derived from foreign currency revaluation gains (compared to US$6 million in 2024),” FCB chief executive Tapera Mushoriwa said in a statement accompanying financials.
“This performance was driven by a 21 percent positive jaws ratio, as revenue growth aggressively outpaced cost expansion, a direct dividend of the structural efficiency programs we executed throughout 2025.”
Total net income jumped 13,5 percent to US$84,4 million from US$74,3 million previous year supported by interest income from lending activities as well as fees and commissions.
Customer deposits grew by 12 percent to US$200 million compared to US$178 million in 2024.
“This growth was fuelled by an expanding customer base, deepening wallet share among existing clients, and targeted financial inclusion initiatives across schools, faith-based organisations, and the SME sector, reflecting broadening market trust in our brand and its offerings,” added Mushoriwa.
Despite tightened systemic liquidity stemming from a restrictive monetary policy, net loans grew by 14 percent to US$129 million.
Complementing deposit funding, the group strategically leveraged offshore facilities from Afreximbank and fully utilised its existing European Investment Bank (EIB) facility.
“This capital optimisation enabled us to provide uninterrupted support to critical, productive sectors of the economy, including agriculture, manufacturing, mining, tourism, and retail consumers,” he added.
The liquid asset ratio strengthened to 65 percent from 53 percent prior year, while prudential liquidity stood solid at 41 percent.
The bank further fortified its resilient capital position, concluding the financial year with a Capital Adequacy Ratio of 26 percent.
“This comfortably exceeds the regulatory minimum and serves as a testament to our disciplined balance-sheet stewardship and forward-looking capital allocation strategies,” Mushoriwa said.