TN CyberTech Investments Holdings (TN CyberTech) has reported a sharp 332 percent increase in cash withdrawal income for the 10 months ending 31 December 2025, buoyed by ongoing innovation and the rapid expansion of its smart automated teller machine (ATM) network.
The growth comes as the institution – a technology group and bank holding company – has intensified efforts to roll out smart ATM infrastructure, part of a wider strategy to reposition itself as a technology-driven bank.
The newly deployed machines offer advanced features, including cardless withdrawals, enhancing both convenience and accessibility for customers.
TN CyberTech Bank chief executive, Hazvinei Kapfunde, said in a trading update that the expansion of the smart ATM network, under the group’s hyper-integration strategy, is expected to play an increasingly significant role in driving overall revenue.
He indicated that “the bank will continue deploying additional ATMs and interactive terminal machines nationwide to support this strategy”.
Tawanda Nyambirai, TN CyberTech Investment Holdings Limited group chief executive, said the organisation remains focused on executing its hyper-integration agenda, aimed at expanding its customer base, creating new income streams and delivering greater shareholder value.
He added that the approach is also being extended to corporate clients and small-to-medium enterprises through the development of blended financial solutions tailored to evolving market demands.
“This strategy will draw on partnerships across both local and international ecosystems, including fintech firms, mobile money operators and payment aggregators,” Nyambirai said.
During the period under review, TN CyberTech recorded solid growth across its business lines, with digital banking rising by 64 percent and traditional banking increasing by 25 percent.
Net interest income grew by 31 percent, underpinned by a 47 percent expansion in interest-earning assets, reflecting the bank’s emphasis on strengthening its loan portfolio.
Despite these gains, profit after tax declined to ZiG129 million from ZiG156 million recorded in the previous year.
The bank attributed the decrease to technical fair value losses of ZiG64 million (ZiG61 million after tax) on its investment property portfolio, following a change in functional currency.
In line with its financial inclusion drive, the institution disbursed 612,000 nano loans to previously underserved communities over the reporting period.
Following its rebranding from Steward Bank last year, the group has repositioned its banking arm as a neobank, leveraging scalable and cost-efficient digital platforms to broaden access to financial services.
As a result, the contribution of interest income from lending activities rose to 26 percent of total income, up from 20 percent recorded as at February 28, 2025. – TML