FBC bets on lending, IT growth

Total assets rose 17,5 percent to ZiG26,33 bil­lion from the audited December 31, 2025, position, while customer deposits increased 20,4 percent to ZiG15,56 billion, providing a relatively stable source of funding that the bank used to issue loans.

Prisca Tshuma FBC Holdings (FBC) has invested nearly US$10 million in information technology (IT) and expanded lending to offset rev­enue lost after the Reserve Bank of Zimbabwe reduced bank charges. The central bank, earlier this year, set a two percent ceiling on cash withdrawal fees and a 1,5 percent cap on point-of-sale charges. In addition,…

Subscribe to read full article. Subscribe today

Related posts

Pfuma REIT completes Avondale acquisition

Caledonia strikes gold at Motapa

CBZ targets Chinese yuan credit lines

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More