Africa-Press – Zimbabwe. CABS’ balance sheet strengthened by 18,3% to ZiG15,21 billion for the half year ended June 30, 2025, driven mainly by credit line inflows and increased lending.
This was up from ZiG12,85 billion recorded at the end of last year.
During the period under review, CABS’ credit lines rose to ZiG1,83 billion from ZiG1,42 billion in December 2024, supported by significant facilities from the European Investment Bank and the Trade and Development Bank.
Loans and advances also expanded to ZiG6,78 billion from ZiG4,95 billion at the end of last year, with most of the growth recorded in commercial, industrial and individual lending.
“The society’s balance sheet continued to strengthen, recording growth of 18,3% from ZiG12,858.88 million as at December 2024 to ZiG15,215.27 million by June 2025,” CABS managing director MehluliMpofu said in a statement attached to the society’s half-year report for the period ended June 30, 2025.
“This growth was largely driven by credit line drawdowns and increased lending to productive sectors of the economy.”
This momentum was further supported by customer deposits, which rose to ZiG7,87 billion during the half-year under review, up from ZiG6,22 billion at the end of 2024, underscoring continued confidence in the society’s operations.
“The society delivered strong financial performance in the first half of 2025, demonstrating strategic focus and continued resilience. The introduction of the ZiG currency in 2024 contributed to the stabilisation of inflationary pressures,” Mpofu said.
“During the six months ended 30 June 2025, the society recorded profit after taxation amounting to ZiG396,53 million, a significant increase from ZiG110,43 million recorded in the same period in 2024. This growth reflects improved revenue generation and disciplined cost management.”
During the period under review, net interest income increased to ZiG421,69 million, from ZiG78,96 million recorded in the prior half-year period.
Mpofu said this was supported by a combination of increased lending and better asset-liability management.
“Similarly, net fee and commission income increased by 88,8% to ZiG647,89 million (June 2024: ZiG343,02 million), driven largely by augmented digital transaction volumes and improved service uptake across customer segments,” he said.
“Operating expenses rose to ZiG768,34 million (June 2024: ZiG249,56 million), in response to movements in the USD to ZiG exchange rate — from US$1:ZiG13,56 at point of introduction in April 2024 to US$1:ZiG26,95 at June 30,2025 — as well as effects of currency conversion on expenses incurred prior to April 2024.”
This has positioned the society to support economic recovery and growth.
“The economic outlook remains mixed, with signs of improvement in monetary discipline and market stability,” CABS chairman Washington Matsaira said.
“The introduction of the ZiG presents both opportunities and challenges, and the society will continue to adopt accordingly.
“We remain optimistic about the long-term prospects of the Zimbabwean economy. CABS is well-positioned to support economic recovery and growth through responsive financial products, inclusive banking and continued digital innovation.”
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