Zim operations drive FMB Capital

Profit-after-tax at the regional banking outfit, FMB Capital Holdings rose by 93% to US$25,2 million during the half-year ended June 30, 2022, the firm said on Monday, citing robust profitability across its southern African operations.

FMB Capital has a strong presence in Zimbabwe through the Zimbabwe Stock Exchange listed First Capital Bank, which also reported strong growth during the period.

“The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the group’s banking operations in Botswana, Malawi, Mozambique, Zambia and Zimbabwe all recording profit growth,” Jaco Viljoen, FMBCH group managing director said.

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