NMBZ Holdings Limited has announced the disbursement of US$25 million by its subsidiary, NMB Bank Limited (NMB), from a US$50 million facility provided by Afreximbank, allocated to the mining and construction sectors during the third quarter ending September 30, 2025. This represents 50% of the total facility, underscoring the bank’s commitment to supporting key growth sectors. Additionally, NMB is finalizing a US$15 million Agrobond to enhance credit access for the agriculture sector.
The bank’s subsidiary, NMB Properties, has completed two residential cluster developments in Harare, comprising 18 and 10 units, respectively. Furthermore, Xplug Solutions, another subsidiary, has concluded fintech projects for banks in Tanzania, Uganda, and Rwanda, expanding its regional footprint.
Commenting on the economic environment, NMB noted stability in Zimbabwe’s inflation and exchange rates for the nine months to September 2025, attributed to the Central Bank’s prudent monetary policies. The monthly ZWG inflation averaged 0.5% between February and September 2025, while the interbank exchange rate stabilized at approximately ZWG 26.76/USD in Q3 2025. Robust gold and platinum prices contributed to increased foreign currency inflows.
Financial performance for the period included an operating income of ZWG1.3 billion, with net interest income rising 63% year-on-year, driven by loans to productive sectors. Operating expenditure grew by 70% to ZWG1.1 billion, reflecting restructuring costs aimed at enhancing operational efficiency. The bank’s regulatory capital adequacy ratio stands at 27.64%, well above the required 12%, affirming its strong capitalization.
Globally, the International Monetary Fund (IMF) projects a moderate slowdown in GDP growth to 3.2% in 2025, compared to 3.3% in 2024.
NMB Bank remains focused on sustainable growth, leveraging strategic partnerships and innovation to support Zimbabwe’s economic development.
