FBC Bank Limited managing director Webster Rusere has assumed the Bankers Association of Zimbabwe (BAZ) leadership following the end of Dr Charity Jinya’s tenure, whom he deputised.
Bulls charged on the Zimbabwe Stock Exchange (ZSE) in April as the mainstream All Share index closed the month 13,4 percent higher to 98,7 level.
The rand, which traded as low as R12.52 to the dollar last week, clawed back some of lost ground to open at R12.32 to the greenback on Monday morning.
FINANCIAL institution, FBC Bank says its current non-performing loans (NPLs) ratio is below 5% due to aggressive debt management control, adequate collateral security on borrowing as well as due diligence in terms of new borrowing.
The introduction of the United States dollar as a trading currency on the southern African regional payment system is expected to improve the settlement of transactions among banks within the region.
NEW YORK (Reuters) - Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall
The FBC sponsored Africa Region 5 Golf Championships roared to life on Monday,9 April. The week long tournament with see a total of seven (7) teams compete for the maiden trophy and title.
FBC Holdings (FBCH) says it will reintroduce share buy-backs this year following an amendment to the Banking Act that lifted restrictions on the practice.
FBC Financial Holdings has reported a 13 percent growth in total income to $105 million while profit before tax rose by 14 percent to $29.3 million in the year 2017 from $25.7 million recorded in the prior year.