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Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | | by Staff reporter
RBZ increases cash injections to $150m
RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages.This...Published: 16 Jul 2018 at 07:20hrs | | by Staff reporter
Bankers elect new president, deputy
THE Bankers Association of Zimbabwe (BAZ) has elected FBC Bank managing director, Mr Webster Rusere, as its president taking over from Dr Charity Jinya. He would lead the organisation for two years an...Published: 10 May 2018 at 07:02hrs | 1 | by Staff reporter
NMBZ records half-year profit before tax of $4,8 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an i...Published: 23 Aug 2017 at 17:14hrs | 2 | by Agencies
Arise becomes second largest NMBZ shareholder
Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14 ...Published: 21 Aug 2017 at 15:34hrs | 1 | by Agencies
NMBZ performing well, AGM told
NMBZ Holdings expects its June 30 half-year performance to be better than last year's and its 2017 performance to surpass that of 2016, barring a significant deterioration in the economy, its chief ex...Published: 24 May 2017 at 15:51hrs | | by Mike Hamilton
NMBZ achieves pre-tax profit of $6,2 million
NMBZ Holdings, NMB Bank's holding company, made a profit before taxation of $6 208 904 in the year ended 31 December 2016. Its banking subsidiary achieved a capital adequacy ratio of 23,3 perc...Published: 27 Mar 2017 at 14:26hrs | 3 | by Agencies
NMBZ welcomes new shareholder partnership
NMBZ shareholders FMO of the Netherlands and Norfund of Norway have joined forces with Rabobank of the Netherlands to pool their investments in financial institutions across Africa. The new company fo...Published: 04 Aug 2016 at 12:35hrs | 1 | by Mike Hamilton
NMB Bank secures new correspondent banks for foreign transactions
NMB Bank has entered into a correspondent bank agreement with Ecobank International in France and the Bank of China in Johannesburg, following the decision by Commerzbank in Germany to review their pa...Published: 22 Feb 2016 at 16:26hrs | 1 | by Mike Hamilton
Zibawu protests against Barclays, NMB
The Zimbabwe Banks and Allied Workers Union says it will hold pickets against Barclays Bank while continuing with those against NMB Bank after negotiations for a salary increment for non-managerial wo...Published: 09 Sep 2013 at 05:26hrs | 1 | by Business reporter
NMB labour unrest rages on
Labour unrest continues to rock NMB Bank Limited (NMB) with non-managerial staff giving the financial institution a fresh ultimatum after a botched strike attempt.The Zimbabwe Banks and Alli...Published: 10 Jul 2013 at 08:11hrs | 10 | by Staff reporter
Strike looms at NMB Bank
NMB Bank says an impending industrial action by its non-managerial workers is unprocedural. "The intended job action is illegal and unnecessary. I don't believe our staff will embark on the c...Published: 05 Jul 2013 at 08:03hrs | | by Business reporter
NMB prioritises attaining minimum capital and raising more lines of credit
NMBZ will be focusing on attaining the $50 million capital threshold as its medium term target, group CEO James Mushore told an analyst briefing on Thursday. "Our medium term anchor is on...Published: 02 Apr 2013 at 11:17hrs | 2 | by Business reporter
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