FINANCIAL services group, CBZ Holdings leveraged its strong asset base to prop up lending activities and subsequent revenue growth during the nine months ended September 30, 2024-withstanding tight liquidity conditions in the economy.
The country’s largest bank by assets and deposits closed the period with total assets amounting to ZiG30,05 billion and ZiG18,51 billion in deposits. In the third quarter trading update, group chief governance officer Rumbidzayi Jakanani said the underlying assets “provided a key funding source, enabling it to support lending activities to the key sectors of the economy while effectively managing liquidity.”