Half Year Results 2024
Half Year Results 2024
Our financial results for the half year ended 30 June 2024 reflect the Group’s resilience amidst a challenging economic landscape. Despite a 61% decline in profit after tax, the Group maintained profitable, posting a profit after tax (PAT) of ZWG1.06bn in June 2024 from ZWG2.725bn in June 2023.
Why invest in ZB Financial Holdings?
Investing in Growth and Stability
Strong Financial Performance
ZB Financial Holdings has consistently demonstrated robust financial performance, marked by significant growth in total assets and equity. With a high return on equity and a strong liquidity ratio, the company remains financially resilient and well-positioned for future growth.
Comprehensive Financial Services
Offering a wide range of services including banking, insurance, and investment solutions, ZB Financial Holdings ensures that it meets the diverse needs of its clients. Its extensive network across Zimbabwe and Botswana enhances accessibility and customer satisfaction, making it a reliable choice for investors.
Latest Investor Announcements
Stay informed with the most recent updates and key information on our financial performance and strategic initiatives.
Agnes Makamure, Chairperson
The Group’s strategy and operations remain firmly guided by sustainability principles. The Group continues to pursue certification under the Sustainability Standards Certification Initiative [SSCI], as one of 14 financial institutions in Zimbabwe seeking this sustainability certification, as guided by the Reserve Bank of Zimbabwe. Certification, which will be awarded by the European Organisation for Sustainable Development (EOSD), is now targeted for the current year, FY2024.
Performance Highlights
Half Year Results 2024
Total Assets (ZWG)
9.14b
Dec 2023: 8.77b
4%
Net Profit After Tax (ZWG)
1.06b
Jun 2023: 2.73b
61%
Return on Equity
47.1%
Jun 2023: 116%
59%
Liquidity Ratio
70.87%
Dec 2023: 55%
29%
Meet the board of directors
Guiding our vision and strategy to elevate investor value
For detailed information on our corporate governance practices, please visit our Governance Section.
