ZB Financial Holdings has issued a trading update for the third quarter ended September 30, 2026, celebrating 75 years of service. The operating environment maintained hard-won structural stability through the quarter, with single-digit annual inflation and stable exchange rates. The Reserve Bank of Zimbabwe reduced the policy rate to 27.5% in September 2026 as inflationary pressures moderated, with average annual inflation recorded at 3.7% for the first nine months of 2026.
The group’s revenue for the period ending September 30, 2026, declined by 10% to ZWL2.79 billion compared with the prior year. Profit after tax decreased by 31% to ZWL0.49 billion. Net interest income was ZWL2.81 billion, a 10% increase driven by new business and share price income, while non-interest income rose by 18% to ZWL2.18 billion due to increased fee and commission income.
Operating costs were contained at ZWL2.07 billion, with the group implementing cost discipline measures to improve efficiencies. Total assets increased by 20% to ZWL20.55 billion, with cash and short-term funds growing by 47%. Loans and advances grew by 7%, and the customer base continued to expand, reflecting customer retention and customer-centric products.
The economic outlook for Zimbabwe remains positive, with 2026 GDP growth projected at 5%, placing the country among Africa’s top 10 fastest-growing economies. Growth is expected to be moderate, driven by new investment licensing approvals, agricultural recovery, strong precious metal prices, and real estate developments.
The group’s strategy remains centred on capturing value from expanding technologies and regional expansion. Moving into the final quarter of 2026, 25% revenue is committed to financing initiatives aligned with national development goals.
Net income from lending activities marginally declined from ZWL0.85 billion recorded in 2025 to ZWL0.76 billion in 2026. The group expects lending income to grow in the remaining quarter and beyond, supporting sustainable growth and expansion through happy people.
