THE National Building Society (NBS) said it will focus on delivering innovative and affordable housing solutions to Zimbabweans during the fourth quarter of the year and going forward to reduce the country’s housing backlog which is estimated at 1,2 million units.  In a statement accompanying the bank’s financial results for the six months to June…

BINDURA Nickel Corporation (BNC) has realised an annual turnover of US$59,2 million for the year to March 31 from US$52,4 million prior year due to an increase in nickel prices which compensated for reduction in sales volumes. In their 2021 annual report released last week, BNC said in line with the reduced production, nickel in…

BRITISH American Tobacco Zimbabwe’s (BAT) gross profit rose to $30,8 million for the half year to June 30, a five percent increase from prior year due to an increase in sales volumes, portfolio transformation, upgrading of machines and inflationary price adjustments. In a statement accompanying the company’s financial results, BAT chairperson, Lovemore Manatsa said despite…

FINANCIAL service group Old Mutual Zimbabwe (OMZ) recorded an inflation-adjusted profit after tax of $10,8 million for the six months ended June 30, from $8,9 million achieved in December last year.  This was due to the group’s ability to transform the business in line with the needs and demands of its customers and improving efficiencies…

ECOBANK says it is optimistic that the performance of the bank will be sustained in the second half of the year after recording a profit after tax of $1,1 billion for the year to June 30 a slowdown from $1,6 billion achieved last year.  This comes as the bank recorded an inflation-adjusted operating profit of…

AFRICAN Century Limited (ACL) says the stability of the local dollar against major currencies will create a stable environment for the banking sector in the country. In a statement accompanying the financial institution’s results for the six months to June 31, ACL chairperson Victor Gapare said the stability of the exchange rate brought about by…

METBANK says it will focus its lending business to finance property developments and mortgage products that promote financial inclusion under a strategic plan that will determine the direction of the institution going forward. In a statement accompanying the bank’s financial results for the six months to June 30, Metbank chairperson Darlick Marandure said the financial…