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,…

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