NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an end-to-end value chain approach aimed at strengthening Zimbabwe's agricultural ecosystem. The partnership ...
Going forward, NMB has revealed that it will be broadening its services, diversifying into new market segments, which encompass embracing the unbanked bottom of the pyramid an initiative that might improve the bank’s deposits. “Our financial inclusion strategy is anchored on low cost accounts and...
During the same period last year, it recorded a profit of $94,7 million The group, which controls NMB Bank in Zimbabwe, reported a revenue growth of 13% to $566,5 million during the period from $500 million prior year. “The operating environment continues to be challenging mainly due to...
Its banking subsidiary, NMB Bank, achieved a capital adequacy ratio of 24,26 percent. The minimum required by the Reserve Bank of Zimbabwe is 12 percent. NMB’s regulatory capital was $61 135 389, well above the minimum required regulatory capital of $25 million. Operating expenses increased ...