Financial services group NMBZ Holdings Limited recorded a 337 percent surge in profit after tax to ZWG344 million for the six months ended 30 June 2026, with net interest income increasing 84 percent ZWG453.5 million during the same period.
Total assets grew by 40 percent to ZWG 13.1 billion while loans and advances increased by 60 percent to ZWG 6.8 billion.
Chairman, Pearson Gowero, said the performance was “supported by customer deposits of ZWG 6.1 billion, underscoring the continued strength of the Group’s funding franchise”.
“The board is encouraged by this performance, delivered against a backdrop of continued investment in initiatives aimed at strengthening and diversifying the group’s earnings base and supporting sustainable long-term growth,” he said.
Total assets grew by 40 percent to ZWG13.08 billion while total operating income went up 34 percent to ZWG1.29 billion.
Chief executive, Gerald Gore, said the resilient financial performance during the six months reflected “the benefits of our increasingly diversified business model”.
“Total comprehensive income amounted to ZWG 376 million, while equity attributable to the group grew by 12 percent to ZWG 2.6 billion, driven by a strong financial performance and the consolidation of EFC Zambia,” Gore said.
He said the financial group’s balance sheet was well capitalised and highly liquid, positioning the it to pursue growth opportunities.
The group closed the period with a capital adequacy ratio of 19.46 percent, well above the regulatory minimum, while asset quality continued to improve, with the non-performing loan ratio declining to 2.69 percent and loan loss coverage strengthening to 148.7 percent.