FBC Holdings Limited has reported a profit before tax of ZWG 94.5 million, maintained by a strategic pivot toward fee-based revenue and sustained strength in core trading activities, according to a statement by Group Secretary Tichaona Mabeza.
In its latest financial performance update, the diversified financial services group revealed a total income of ZWG 578 million with net fee and commission income contributing a significant ZWG 337 million.
Mabeza said this marks a deliberate shift aimed at reducing the group’s vulnerability to exchange rate fluctuations and interest rate volatility.
“Net interest income remained robust at ZWG 321 million, demonstrating the continued strength of core trading activities,” Mabeza said.
Total assets for the period, Mabeza said reached ZWG 19.9 billion, anchored by a strong loan book valued at ZWG 9.56 billion.
The Group’s shareholders’ equity closed the period at ZWG 5.7 billion, reflecting continued efforts to preserve and grow long-term shareholder value.
Looking ahead, Mabeza said the Group would intensify its focus on expanding market share across all business segments, leveraging its diversified business model, digital transformation initiatives, and enhanced customer experience.
“Performance will be driven by resource mobilisation, entry into new market segments, and innovation-led service delivery,” he added.
FBC Holdings and its subsidiaries remain well-capitalised, both economically and from a regulatory standpoint.
Mabeza said this positions the Group to support ongoing trading activities and seize new growth opportunities.
“We have a capital allocation framework in place to guide resource deployment that aligns with business priorities and enhances shareholder returns,” he explained.
On the economic front, Mabeza cautioned that the outlook for 2025 remains fragile, with global trade tensions and policy changes likely to influence the macroeconomic landscape.
Locally, he expects Zimbabwe to maintain tight fiscal and monetary policies until key macroeconomic targets are met.
