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April 02, 2015 6:03 AM ET

Banks

Company Overview of NMB Bank Limited

Company Overview

NMB Bank Limited provides financial services to corporate and individual customers in Zimbabwe. The company operates through four segments: Retail Banking, Corporate Banking, Treasury, and International Banking. Its personal banking products and services include current and savings account, debit and credit cards, personal loans and overdrafts, and safe custody services. The company’s corporate banking services comprise saving and current accounts; business credit cards; loans and overdrafts for working capital and capital expenditure requirements; bankers’ acceptance credits; letters of credit; bank guarantees; and bridging finance, as well as various financial services to agricultural sect...

Unity Court

First Floor

Cnr Kwame Nkrumah Avenue/First Street

Harare,  

Zimbabwe

Founded in 1993

Phone:

263 4 759651

Fax:

263 4 798850

Key Executives for NMB Bank Limited

Group Chief Executive Officer, Director, Member of Human Resources & Remuneration Committee, Member of Asset & Liability Management (ALCO), Finance & Strategy Committee, Member of Risk Management Committee, Member of Credit Committee, Group Chief Executive of NMBZ Holdings and Director of NMBZ Holdings Limited
Age: 54
Managing Director, Director, Member of Asset & Liability Management (ALCO), Finance & Strategy Committee, Member of Risk Management Committee, Member of Human Resources & Remuneration Committee, Member of Credit Committee and Chief Executive Officer of NMBZ Holdings Limited
Company Secretary
Compensation as of Fiscal Year 2014.

NMB Bank Limited Key Developments

NMB Bank Limited Announces Audited Earnings Results for the Year Ended December 31, 2014

NMB Bank Limited announced audited earnings results for the year ended December 31, 2014. For the period, the company reported interest income of $31,072,461 against $33,181,704 last year. Net interest income was $18,420,739 against $20,174,915 a year ago. Revenue was $35,364,707 against $36,350,793 a year ago. Profit before taxation was $2,439,955 against loss before taxation of $4,805,174 a year ago. Profit for the period was $1,672,733 or 10.20 cents per basic share against loss for the period of $3,831,999 or 23.22 cents per basic share a year ago. Net cash inflow from operating activities was $6,742,140 against net cash outflow from operating activities of $24,126,368 a year ago. Purchase of intangible assets was $623,482 against $1,170,868 a year ago. Purchase of property and equipment was $992,076 against $1,506,369 a year ago.

NMB Bank Limited Announces Unaudited Earnings Results for the Six Months Ended June 30, 2014

NMB Bank Limited announced unaudited earnings results for the six months ended June 30, 2014. For the period, the company reported net interest income was $8,530 against $9,488,486 a year ago. Net operating income was $16,290,600 against $17,945,704 a year ago. Profit before taxation was $1,859,787 against $2,994,320 a year ago. Profit for the period was $1,381,484 against $2,179,216 a year ago. Earnings per basic share were 8.37 cents against 13.21 cents a year ago. Net cash flow from operating activities was $8,183,261 against net cash flow used in operating activities of $11,829,216 a year ago. Acquisition of intangible assets was $271,480. Purchase of property and equipment was $616,736 against $1,161,728 a year ago. Acquisition of investment property was $10,200.

NMB Bank Limited to Report First Half, 2014 Results on Aug 27, 2014

NMB Bank Limited announced that they will report first half, 2014 results on Aug 27, 2014

Similar Private Companies By Industry

Company Name Region
NMB Bank Limited Middle East/Africa
Standard Chartered Bank Zimbabwe Ltd. Middle East/Africa
AfrAsia Zimbabwe Holdings Limited Middle East/Africa
African Banking Corporation Zimbabwe Limited Middle East/Africa
Zimbabwe Allied Banking Group Limited Middle East/Africa

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