{"id":116267,"date":"2026-04-03T21:07:30","date_gmt":"2026-04-03T19:07:30","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive"},"modified":"2026-04-03T23:17:42","modified_gmt":"2026-04-03T21:17:42","slug":"cbz-secures-us1zig1-debt-shield-amid-expansion-drive","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive","title":{"rendered":"CBZ secures US$1:ZiG1 debt shield amid expansion drive"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>CBZ Holdings Limited (CBZ) has secured a strategic settlement agreement with the Reserve Bank of Zimbabwe (RBZ) to clear US$74,84 million in legacy and nostro gap liabilities at a US$1:ZiG1 rate, shielding its capital position amid an expansion strategy.<\/p>\n

Settling these obligations at a 1:1 parity serves as a critical de-risking mechanism that transforms a volatile multi-million-dollar liability into a predictable, fixed-cost administrative process.<\/p>\n

Consequently, CBZ has effectively shielded its ZiG9,13 billion total equity, as of last year, from currency-induced erosion and prevents massive exchange losses from impacting its profit after tax of ZiG1,44 billion in its financial year ended December 31, 2025, up 759,7%.<\/p>\n

This move restores the health of the group\u2019s international nostro infrastructure\u2014essential for seamless Visa and SWIFT services\u2014and signals a clean balance sheet to global partners.<\/p>\n

Thus, the group has a stable foundation and liquidity necessary to aggressively fund its multi-divisional expansion into high-growth sectors.<\/p>\n

\u201cIncluded in the deposits balance above are amounts that are denominated in USD amounting to US$74 846 181 (December 2024: US$80 634 302), being legacy liabilities of US$46 177 401 (December 2024: US$46 177 401) and nostro gap accounts of US$28 668 781 (December 2024:US$34 456 901) which are shown at ZiG1 944 556 181 (December 2024: ZiG 2 080 244 040),\u201d CBZ said in its financial report ended December 31, 2025.<\/p>\n

\u201cThese liabilities, which are payable on demand, are subject to a special settlement arrangement with the RBZ as detailed in Note 26,7 to the financial statements, wherein the Reserve Bank of Zimbabwe (RBZ) will provide funding gradually to the group for all registered legacy liabilities and nostro gap accounts at an exchange rate of 1:1.\u201d<\/p>\n

The bank noted that US$90,79 million had been made available under this arrangement last year, from a 2024 comparative of US$70,25 million.<\/p>\n

Total deposits were recorded at ZiG27,76 billion by the end of last year, up from ZiG21,59 billion in 2024, driven by demand and time deposits as well as credit lines.<\/p>\n

\u201cThe group\u2019s balance sheet remained resilient, with total assets increasing to ZiG41,15 billion from ZiG34,42 billion in the prior year,\u201d CBZ chairman Luxon Zembe said.<\/p>\n

\u201cLoans and advances grew to ZiG10,19 billion, reflecting the group\u2019s continued support for productive sectors of the economy.\u201d<\/p>\n

Loans and advances in the prior year were ZiG8,3 billion.<\/p>\n

\u201cAsset quality improved significantly during the period, with the group\u2019s expected credit loss expense closing at ZiG20,97 million, compared to ZiG800,65 million in the prior year, reflecting stronger credit risk management and the improved quality of the loan book and other financial assets,\u201d Zembe said.<\/p>\n

These loans and advances translated to higher total income.<\/p>\n

\u201cTotal income increased to ZiG5,73 billion, up from ZiG4,11 billion in the prior year, reflecting sustained growth in both funded and non-funded income lines.<\/p>\n

\u201cNet interest income grew to ZiG1,89 billion from ZiG1,38 billion in the prior year, supported by growth in the loan book and improved asset yields,\u201d Zembe said.<\/p>\n

\u201cNon-funded income remained the largest contributor to revenue, increasing to ZiG3,86 billion from ZiG2,77 billion in the prior year.<\/p>\n

\u201cThis growth was largely driven by increased transaction volumes across the group\u2019s digital platforms and continued expansion of commission and fee-based income streams.\u201d<\/p>\n

He said this translated to \u201cprofit after tax closing at ZiG1,44 billion, compared to ZiG168,05 million in the prior year.\u201d<\/p>\n

\u201cThe group continues to leverage its strong governance framework, digital capabilities, and financial resilience to scale operations efficiently while maintaining prudent risk management and delivering sustainable long-term value to stakeholders,\u201d Zembe said.<\/p>\n

\u201cDiversification into the region is a key strategic initiative that will witness expanded revenue streams and the strengthening of the group\u2019s footprint across key markets.<\/p>\n

\u201cThis approach is supported by strategic partnerships, targeted investments, and the replication of proven business models in high-potential jurisdictions.\u201d<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. CBZ Holdings Limited (CBZ) has secured a strategic settlement agreement with the Reserve Bank of Zimbabwe (RBZ) to clear US$74,84 million in legacy and nostro gap liabilities at a US$1:ZiG1 rate, shielding its capital position amid an expansion strategy. Settling these obligations at a 1:1 parity serves as a critical de-risking mechanism […]<\/p>\n","protected":false},"author":84,"featured_media":116266,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":["post-116267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-zimbabwe"],"yoast_head":"\nCBZ secures US$1:ZiG1 debt shield amid expansion drive - zimbabwe<\/title>\n<meta name=\"description\" content=\"CBZ Holdings Limited (CBZ) has secured a strategic settlement agreement with the Reserve Bank of Zimbabwe (RBZ) to clear ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBZ secures US$1:ZiG1 debt shield amid expansion drive\" \/>\n<meta property=\"og:description\" content=\"CBZ Holdings Limited (CBZ) has secured a strategic settlement agreement with the Reserve Bank of Zimbabwe (RBZ) to clear ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-03T19:07:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-03T21:17:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775250851.443961.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1417\" \/>\n\t<meta property=\"og:image:height\" content=\"886\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBZ secures US$1:ZiG1 debt shield amid expansion drive\",\"datePublished\":\"2026-04-03T19:07:30+00:00\",\"dateModified\":\"2026-04-03T21:17:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\"},\"wordCount\":622,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775250851.443961.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cbz-secures-us1zig1-debt-shield-amid-expansion-drive\",\"name\":\"CBZ secures US$1:ZiG1 debt shield amid expansion drive - 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