NMBZ Holdings Limited, via NMB Bank Limited, revealed the development in its first-quarter trading update for the period ending 31 March 2025.
The planned credit mobilization marks a critical intervention, poised to stimulate growth in the productive sector. NMB Bank is widely recognized for its strong backing of small and medium-sized enterprises (SMEs) and production-oriented businesses. The facility comes at a time when the sector urgently needs capital for retooling and operational sustainability.
Boasting a robust digital footprint and bespoke digital offerings tailored to a diverse clientele, the bank is advancing its innovation agenda, with several transformative digital projects underway.
Customer experience remains a strategic priority, with ongoing upgrades to transactional platforms. A revamped mobile banking app catering to both corporate and individual clients is scheduled for rollout in the second quarter.
Meanwhile, the fintech arm, XPlug Solutions, is driving key initiatives including the deployment of fintech operating systems, Robotic Process Automation (RPA), mobile banking tools, and custom software development for medium-to-large financial institutions across Africa.
On the property side, the company completed a new cluster housing project—Reoville Estate—comprising 26 upscale units along Adylin Road in Marlborough, Harare. The estate is located in a growing redevelopment zone designed to accommodate varied demographic needs. For the three months ended 31 March 2025, the group posted ZWG 396 million in operating income.
Notably, 64% of this came from fees and commissions, mostly via the bank’s digital channels. Net interest income stood at ZWG 141 million, while profit after tax reached ZWG 56 million. The bank maintains a solid financial footing, with a capital adequacy ratio of 28.25%, more than double the regulatory minimum of 12%. Total assets rose by 5% to ZWG 7.5 billion from 31 December 2024, as the company continues strengthening its core banking operations and expanding its regional reach through technology
