CBZ Holding Limited has posted a 13% increase in assets for the quarter ended March 31, 2025, to ZiG38,7 billion, from the previous quarter, bolstered by a strong deposit base.
The increase is from ZiG34,4 billion recorded at the end of the fourth quarter of last year.
“The group’s asset base closed the quarter at ZiG38,75 billion, supported by a deposit base of ZiG26,79 billion. This performance provides a foundation and sets the tone for the remainder of the financial year, highlighting our commitment to delivering sustainable value to all stakeholders,” CBZ said in a trading update for the first quarter performance ended March 31, 2025.
“The solid deposit base continues to buttress the group’s liquidity position and enhances its capacity to extend credit responsibly and sustainably. Leveraging this funding strength and other key market metrics, the group remains focused on providing financial solutions that meet the dynamic needs of individuals, SMEs and large corporates alike.”
The board reviewed the group’s financial position and was satisfied that CBZ and its subsidiaries would continue to operate as a going concern.
“All business units remain adequately capitalised to support both their operational activities and strategic growth mandates,” the group said.
“Entities subject to regulatory capital thresholds are compliant, demonstrating the group’s commitment to sound financial stewardship and regulatory integrity.
“The board reaffirms the parent company’s commitment to ongoing capital support for all subsidiaries, recognising this as critical to the effective delivery of strategic priorities and the long-term sustainability of the group.”
The group noted that during the period under review, it delivered strong financial results, reflected in a profit after tax of ZiG537,53 million, from a total income of ZiG1,41 billion.
This, the group noted, was a testament to its financial positionstrength and capitalisation, reinforced by a substantial market presence in deposit mobilisation and transactional volumes.
“The group’s top-line performance was underpinned by a solid contribution from funded income at ZiG486,24 million, while non-funded income at ZiG938,03 million delivered particularly strong results for the quarter,” CBZ said.
The non-funded income was anchored on ongoing investments in the service delivery channel ecosystem, particularly digital channels.
“Our sustained success reflects our commitment to building enduring partnerships with clients and delivering exceptional banking and financial solutions tailored to their evolving needs,” CBZH said.
The group said it would seek emerging opportunities.
“Against this backdrop, the group is well-positioned to pursue growth opportunities locally and regionally through continued innovation, cost discipline and efficient capital allocation,” CBZ said.
“Strategic investments in operating assets, technology, people and governance systems will remain central to our value-creation agenda.”
