July 28, 2016 3:13 PM ET

Banks

Company Overview of Zb Bank Ltd.

Company Overview

Zb Bank Ltd. operates as a subsidiary of ZB Financial Holdings Ltd.

ZB house

Cnr. 1st Street/Speke Avenue

Harare,  

Zimbabwe

Founded in 1967

Key Executives for Zb Bank Ltd.

Zb Bank Ltd. does not have any Key Executives recorded.

Zb Bank Ltd. Key Developments

Zb Bank Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

ZB Bank Limited reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported net interest income of USD 23,082,322 compared to USD 15,403,746 a year ago. Total income was USD 41,520,844 compared to USD 40,847,677 a year ago. Profit from ordinary activities was USD 3,909,452 compared to loss of USD 2,729,414 a year ago. Profit before taxation was USD 3,909,452 compared to loss of USD 9,254,964 a year ago. Profit before tax was USD 3,625,112 compared to loss of USD 9,254,964 a year ago. Profit for the year was USD 3,215,989 compared to loss of USD 6,822,826 a year ago. Net cash used in operating activities was USD 14,767,805 compared to net cash generated from operating activities was USD 17,840,454 a year ago. Purchase of intangible assets was USD 2,967,936 compared to USD 1,730,991 a year ago. Purchase of property and equipment was USD 2,928,041 compared to USD 2,225,019 a year ago. Net revenue reduced by 1% to USD 56.7 million in 2015 compared to USD 57.3 million in 2014. This was largely as a result of a higher fair value loss on investment properties and stocks which amounted to USD 2.7 million in 2015 compared to USD 0.8 million in 2014, an increase of 251%.

Similar Private Companies By Industry

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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