FCB Zim contributes US$23m PAT to group in FY24

FIRST Capital Bank (FCB) Zimbabwe contributed US$23 million in profit after tax (PAT) for the year ending December 31, 2024, to its parent company, FMBCapital Holdings Plc (FMBCH).

FMBCH is a financial services holding company based in Mauritius, which has several banking operations in southern Africa, including Zimbabwe.

Across the group, FMBCH recorded US$103,5 million in PAT, a 13% year-on-year increase, with four subsidiaries — Zimbabwe, Botswana, Malawi and Mozambique — each posting profits over US$20 million.

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