NMBZ Holdings Limited’s (NMBZ) increase in foreign credit lines last year to US$70 million helped strengthen the group’s balance sheet, leading to a 27% increase in total assets, it has been revealed.
The group reported having total assets worth ZiG9 billion by the end of last year, up from the prior period’s ZiG7,1 billion.
This growth was attributed to an increase in foreign credit lines and customer deposits.
Consequently, during its financial year for the period ended December 31, 2025, loans and advances had grown to ZiG4,1 billion, representing a 48% increase from the prior year.
NMBZ’s lines of credit were mostly deployed to exporters in various sectors of the economy.
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“We prioritised offshore funding diversification, securing new facilities and advancing additional lines to anchor long term USD asset creation,” NMBZ chief executive officer Gerald Gore said in a statement attached to the group’s financial year results for the period ended December 31, 2025.
“During the year under review, we raised an additional US$70 million in lines of credit from external funders to support our customers in different economic sectors. We deployed significant credit into the mining and agricultural sectors.”
He continued: “Our focus remains on deepening sector specialisation, expanding export-linked clients, and building core deposits to sustain disciplined, risk-adjusted growth.”
The financial group was able to secure these credit lines as its capital remains robust, anchored on US dollar-denominated assets.
“Total assets closed the period at ZiG9 billion, up 27% from ZiG7,1 billion for the comparative period,” NMBZ chairman Pearson Gowero said.
“The increase was largely funded by an increase in foreign credit lines as well as deposits.”
Deposits were recorded at ZiG3,44 billion during the review period, up from the prior year’s ZiG2,4 billion.
The increase in loans and advances led to a net interest income of ZiG605,05 million from the prior year’s ZiG342,01 million.
“Looking ahead, the group remains focused on executing its growth strategy, supported by projected stability in key macroeconomic indicators, including interest rates, exchange rates and inflation,” Gowero said.
“We will continue to leverage strategic credit lines to support balance sheet growth and enhance our capacity to finance productive sectors of the economy.”
He said the group remained committed to improving operational efficiency and leveraging digital innovation to deliver faster, more accessible, and cost-effective financial services for its customers while sustaining long-term value for all stakeholders.
NMBZ is geared to achieve its goals as its underlying performance remains solid, recording a profit after tax of ZiG250,57 million from a loss of ZiG205,14 million in the prior year.
This was owing to the group not recording any loss on its net monetary position.
