BancAbc overturns loss to post ZiG146,6m PAT

📅 Published: August 19, 2025

Curated by AllZimNews.com

In its half year financial performance for the period ended June 30, 2025, BancABC chairman Nhena Nyagura said the group’s strategic execution translated into a strong financial performance. “We are pleased to report a profit after tax (PAT) of ZiG146,6 million for the half-year, a significant turnaround from the loss after tax of ZiG331,7 million recorded in the corresponding period last year.

This result was driven by strong performance across our core revenue lines,” he said. “Non-funded Income; Growth was propelled by a material increase in digital transaction volumes, reflecting our sustained investment in technology, and robust foreign exchange trading income supported by increased client flows.

Net interest income: Performance was anchored by the strategic expansion of our loan portfolio in key segments. ”
The net interest income after expected credit losses allowance for the period under review was recorded at ZiG162,82 million from a prior year comparative of ZiG41,67 million. 🔗

” style=”color: #007bff;”>admin@allzimnews. com.

Get the complete story and stay updated with the latest Zimbabwe news

All Zim News aggregates news from a variety of sources for public interest and historical record Headlines, excerpts, and images are displayed with attribution and links to the original publisher All copyrights remain with their original owners