Africa-Press – Zimbabwe. The National Building Society (NBS) has celebrated a decade of advancing affordable housing, reaffirming its commitment to financial inclusion and sustainable banking for low-income earners through initiatives such as the NBS Pavilion and SME-focused lender, LenderSpark.
Established in 2016 as a subsidiary of the National Social Security Authority (NSSA), NBS was mandated to help address Zimbabwe’s housing deficit by providing accessible mortgage finance and related banking services.
The anniversary was commemorated on Friday with a golf tournament at the Royal Golf Club, attended by key stakeholders, where the institution reflected on its growth and milestones over the past decade.
Speaking on the sidelines of the event, NBS managing director Sifiso Mahlangu said the institution has undergone a significant transformation since its inception.
“We started purely as a building society, but have evolved into a fully-fledged commercial banking brand while retaining our core mortgage offering,” Mahlangu said.
“Over the past decade, we have expanded into retail and business banking, and established a broader institutional banking presence. This reflects our commitment to innovation and meeting the diverse needs of our customers.”
Mahlangu said the growth trajectory had been underpinned by strong stakeholder support, enabling the institution to deliver consistent value and competitive returns.
“We have strengthened both our product offering and portfolio, and declared competitive dividends to stakeholders. This success would not have been possible without their continued support,” he said.
Over the years, NBS has rolled out several housing projects nationwide, including Glaudina Flats in Harare, Matendele in Plumtree, the Rangemore project in Umguza, and Newmara in Mutare, among others.
In line with its financial inclusion agenda, the institution has introduced LenderSpark, a microfinance arm targeting small and medium enterprises, and expanded its footprint with new branches in Bindura and Chiredzi.
NBS has also launched innovative housing solutions such as a rent-to-buy facility, allowing clients to lease properties with an option to purchase based on payment history and affordability.
Meanwhile, non-executive director Sithokozile Mrewa, representing board chairperson Shingai Mutumbwa, said the institution remains focused on driving sustainable economic growth through housing delivery and financial services.
“It is a pleasure to celebrate this milestone. Ten years of NBS reflects a journey defined by purpose, resilience and shared success,” Mrewa said.
“As we reflect, we do so with gratitude. What began as a bold vision to redefine banking through community building has become a tangible reality.”
She said the society’s growth has been driven by innovation and a commitment to improving living standards.
“Our journey has been shaped by continuous innovation and a strong focus on delivering affordable housing and sustainable living conditions,” she said.
“We will continue to push boundaries, create lasting value for our customers and communities, and play our role as a catalyst for economic growth and stability.”
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