First Capital Bank Limited Zimbabwe

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First Capital Bank (FCB) reported a 79.9% growth year on year in interest income to ZWL$74.64mn from ZWL$41.48mn, largely sustained by the growth in interest from loans and advances to customers, offsetting a decline in interest income from banks and...

Rampant inflation and a depreciating local currency has created a dislocation between fundamentals and market dynamics on the ZSE. The current Market Cap is ZWL$30.10bn (US$1.92bn using the interbank rate, and US$1.11bn using an OMIR of 27.05 as at 3...

Recent contractive fiscal and monetary reforms, including the 2% IMT tax and the re-introduction of a domestic currency (ZWL$) as the sole legal tender, have been highly stagflationary in the short-term. The World Bank forecasts a larger contraction ...

Net interest income grew by 86.22% to $40.05mn, up from $21.51mn largely buoyed by a significant increase in the investment in government securities and a 73.8% improvement in net loans to $194.68mn. Deposits grew by 24.7% to $553.6mn from $443.8mn, ...

The Zimbabwean economy outperformed its Sub-Saharan Africa (SSA) peers as it remained on a nominal upward trajectory in 2018. However, we expect further reforms to diminish national consumption as liquidity remains generally difficult in the short to...