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Message: [QUOTE="Queen, post: 86820, member: 27"] A management shake-up just pushed 36 leaders out at Nedbank Zimbabwe Limited, even while the bank was posting eye-catching profit gains. Manager exits after the structure review [LIST] [*]Nedbank Zimbabwe Limited wrapped up a retrenchment that cut 36 managers. [*]Review of its structure triggered the staff reduction. [*]February 13, 2026, marked the effective date. [*]Bank leadership framed it around workforce alignment, not slashing costs. [/LIST] Consultations and staff support [LIST] [*]Affected employees went through formal consultation channels. [*]Separation packages followed statutory requirements. [*]Professional counseling was offered to impacted and remaining staff. [*]Management says business continuity and client service stay on track. [/LIST] Half-year profit jump [LIST] [*]Financial results for the half year ended June 30, 2025, showed strong gains. [*]Total comprehensive income hit ZiG105.5 million. [*]That figure rose from ZiG27.7 million a year earlier. [*]Profit after tax reached ZiG95.2 million versus ZiG72.5 million. [/LIST] Interest income and balance sheet growth [LIST] [*]Net interest income surged 172 percent year over year. [*]Gross loans and advances climbed 23 percent to ZiG2.9 billion. [*]Excess liquidity went into placements and treasury bills. [*]Total assets expanded 20 percent to ZiG6.2 billion. [/LIST] Deposits and non-interest revenue [LIST] [*]Customer deposits increased 27 percent to ZiG4.1 billion. [*]Deposit growth financed the 23 percent rise in lending. [*]Non-interest income from client transactions advanced 55 percent. [*]Service platform activity powered that transaction revenue spike. [/LIST] [/QUOTE]

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