The Board of Directors of NMBZ Holdings Limited announce the release of the financial results for the half year ended 30 June 2015. Below are some financial highlights and excerpts from the Chairman’s Statement:
Introduction
These results were achieved under a difficult operating and economic environment which is characterised by an illiquid market and deflationary pressures. The Group recorded an attributable profit of US$3 166 684 for the period under review which was a significant improvement on the attributable profit of US$1 667 247 for the year ended 31 December 2014. This was largely attributed to the efforts made by the Bank in broadening its market segment, cost management and credit control.
| Financial Summary | 30 June 2015 Unaudited |
30 June 2014 Unaudited |
31 December 2014 Audited |
|---|---|---|---|
| Total income (US$) | 28 802 534 | 23 303 115 | 48 078 454 |
| Attributable profit (US$) | 3 166 684 | 1 386 233 | 1 667 247 |
| Basic earnings per share (US cents) | 0.82 | 0.36 | 0.43 |
| Total deposits (US$) | 287 047 011 | 213 795 232 | 235 362 677 |
| Loans and advances (US$) | 236 180 331 | 193 620 036 | 217 463 319 |
| Total shareholders’ funds (US$) | 48 216 645 | 44 834 220 | 45 047 616 |
Appreciation
I would like to pay tribute to our valued clients, shareholders and regulatory authorities for their continued support in the period under review. I would also like to thank my fellow board members, management and staff for their profound commitment and dedication which has made the achievement of these results possible in the face of a deteriorating economic environment.
B. A. CHIKWANHA
CHAIRMAN
View full results
2015 Interim financial results
