NMB.zw | HY2014 financial results

By Published On: August 28th, 2014Categories: Corporate announcement, Earnings

The Board of Directors of NMBZ Holdings Limited announce the release of the financial results for the half year ended 30 June 2014. Below are some financial highlights and excerpts from the Chairman’s statement:

Financial highlights

  • Total income: (US$) 23 303 115
  • Attributable profit/(loss): (US$) 1 386 233
  • Basic earnings /(loss): per share (US cents) 0.36
  • Total deposits: (US$) 213 795 231
  • Loans and advances: (US$) 193 620 036
  • Total shareholders’ funds: (US$) 44 834 220

Chairman’s statement

Dividend
In view of the need to retain cash in the business and to strengthen the statutory capital requirements for the banking subsidiary, the Board has proposed not to declare a dividend.

Corporate social investments
The Group actively participates in serving the communities it operates in. During the period under review, the Group’s investment in the community was channeled into protection of the
environment, the arts, sporting disciplines and education.

Outlook and strategy
The Group has continued to scout for more international lines of credit and explore growth opportunities in other market segments.

Directorate
Mr B Zwinkels, Ms M Svova, Mr B Chikwanha, Mr C Ndiaye and Mr D Malik were appointed to both the NMBZ and NMB Bank Boards with effect from 31 January 2014. I would like to extend
a warm welcome to the new board members and wish them a successful tenure on the Board.

Appreciation
I would like to pay tribute to our valued clients, shareholders and regulatory authorities for their continued support in the period under review. I would also like to thank my fellow board members, management and staff for their profound commitment and dedication which has made the achievement of these results possible in the face of a deteriorating economic
environment.

T N MUNDAWARARA
CHAIRMAN


Related download
2014 Interim financial results

NMBZ Holdings Limited (NMB.zw)

Share price: 1,700.00 ZWL cents (-300.00 | -15.00% – 10/08/22)

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