Zim banks maintain cautious approach in troubled market
These affiliations have made them the preferred banks for exporters, importers, and large corporates, particularly due to their unmatched expertise in processing foreign exchange transactions.
By Equity Axis
Nov. 22, 2024
FCB operating income rises 25% in y-o-y period
In the comparative 2023 period, FCB recorded operating income, including net open position gains of US$45,6 million.
By Lee Musaidzi
Nov. 22, 2024
First Capital Bank records 12,5% increase in deposits in H1
The increase was from a comparative of ZiG1,7 billion (US$123,1 million) reported as at December 31, 2023.
By Melody Chikono
Sep. 3, 2024
First Capital leverages VFEX listing to attract funding
Last month, FCB secured US$15 million from the African Development Bank as a trade financing package to boost local trade.
By Tafadzwa Mhlanga
Jun. 21, 2024
First Capital Bank’s revenue up 40%
The bank’s capital increased by 25% during the quarter, with the capital adequacy ratio at 35%, well above the regulatory threshold of 12%.
By Mthandazo Nyoni
May. 24, 2024
FCB lifts profit 26% after income rise
In a statement accompanying the financial statement for the review period, FCB chief executive officer Tapera Mushoriwa said income was buoyed by increased lending.
By Business Reporter
Apr. 26, 2024
Metbank, Zambian firm lock horns
In the meetings, Metbank indicated that it was facing forex allocation challenges at the RBZ to remit to Zambia as it was in short supply.
By Melody Chikono
and Melody Chikono
Jan. 30, 2024
VFEX corrects price level distortions
Companies listed on VFEX have a better chance to raise equity capital in foreign currency to support capital expenditure, working capital and regional expansion.
By Mthandazo Nyoni
Jan. 3, 2024
FCB joins sustainability initiative
FCBZ said it had also encouraged the use of recycled materials in its business.
By Tafadzwa Mhlanga
Dec. 21, 2023
