NMBZ Holdings Limited delivered a strong performance for the third quarter ended 30 September 2026, with operating income increasing by 56% to USD71.6 million, driven by growth in lending activities and higher non-interest income within a relatively stable operating environment.
The group’s performance was supported by favourable macroeconomic conditions highlighted in the Reserve Bank’s mid-term monetary policy review, which noted the maintenance of single-digit inflation from January through July 2026, underpinned by prudent monetary policies and relative exchange-rate stability. The recovery of the agricultural sector, resilient mining production, and firm commodity prices, particularly for gold, also contributed positively to economic activity and business performance.
The company’s financial position remained strong, with total assets closing the period at USD515.3 million. Net loans and advances increased to USD277.1 million as lending activities expanded, while customer deposits grew to USD169.7 million. Total funding reached USD381.6 million and shareholder funds rose to USD95.9 million, reflecting continued balance sheet growth and value creation. The group remained adequately capitalised and maintained liquidity and capital buffers that were appropriate for its operational requirements.
Several strategic initiatives were successfully implemented during the period. The integration programme for EFC Zambia was completed, including the migration of the business onto the group’s technology platform. NMB Bank secured a USD20 million facility from British International Investment (BII), enhancing its capacity to support agriculture and other strategic value chains. XPlug Solutions continued to expand its technology footprint across the region, while NMB Properties advanced residential stand-servicing developments in Bulawayo.
Looking ahead, the outlook for 2026 remains positive, with real GDP growth projected at approximately 5%, supported by continued strength in agriculture and mining as well as ongoing macroeconomic stability. MBZ Holdings intends to maintain its focus on quality loan growth, mobilisation of stable funding, effective risk management and disciplined cost control, while continuing to support productive sectors that generate employment, exports and foreign-currency earnings.
