TN CyberTech Investments Holdings says its digital banking strategy continued to deliver strong returns in the first half of 2025.
The bank said this was supported by rising transaction volumes, widening digital infrastructure, and improved operational efficiency, with interim profit coming in at ZiG109,6 million for the six months to August 31, 2025.
According to the half-year results published this week, net operating income closed the period at ZiG499,9 million, while profit before tax stood at ZiG133,8 million.
Headline earnings per share came in at 2,61 ZiG cents.
Total assets expanded to ZiG5,89 billion from ZiG4,79 billion at the February 2025 financial year-end, reflecting growth in loans and advances, investments and cash balances.
Deposits rose to ZiG3,60 billion, from ZiG2,80 billion in February, signalling deepening customer trust in the group’s digital banking model at a time when formal banking infrastructure across the market continues to compress.
Net interest income grew sharply, to ZiG106,6 million, up from ZiG31,8 million recorded in the comparative period last year.
Chief executive officer of TN CyberTech Bank, Mr Hazvinei Kapfunde, said the bank’s digital network was maturing fast as platform adoption rises. He said the broader ecosystem momentum mirrored trends picked in official RBZ data.
Mr Kapfunde noted that, “According to the Reserve Bank of Zimbabwe’s National Payment System Report, digital banking transaction volumes grew by six percent during the first half of 2025, while ATM and POS volumes rose by eight percent and 13 percent respectively.”
He said the bank leaned into this momentum by deploying smart ATMs and expanding POS coverage.
“The bank deployed smart ATMs in Bulawayo and Harare’s CBD and expanded its POS network to enhance service delivery for both corporates and SMEs,” Mr Kapfunde said.
He added that digital agent banking remains central, “The bank continues to digitalise its agent-banking model, ensuring that infrastructure growth matches its expanding footprint.”
Digital revenue reached ZiG179 million, a 40 percent increase. POS channel income rose 89 percent year-on-year. The bank’s interest-earning assets grew by 32 percent, yielding a 235 percent jump in net interest income.
“In the second half of the year, the bank will deepen partnerships with corporates in the mining, agriculture and manufacturing sectors to further strengthen its loan book and funded income base,” he said.
He added that new e-commerce partnerships have been rolled out, “We automated RTGS returns and launched new e-commerce platforms in partnership with Visa and MasterCard.”
WhatsApp banking, automated remittances and digitalised Visa card issuance will be launched in the coming months.
Group chief executive officer, Tawanda Nyambirai, said the digitalisation strategy was equally an inclusion project.
“Our strategic blueprint seeks to address financial exclusion, a challenge evidenced by the fact that only 46 percent of Zimbabwe’s adult population holds a formal bank account,” he said.
He stressed that high pricing in the wider sector had driven informal cash-use.
Mr Nyambirai said internal efficiency work was paying off. “Both staff-cost-to-income and cost-to-income ratios recorded notable gains, improving by 24 percent and 100 percent, respectively.”
He said consolidation of overlapping roles and in-house ICT builds have sharply trimmed cost curves.
“This strategic shift is expected to further cut software-licensing and ICT-related costs in the second half of the year,” he said.
Mr Nyambirai said the smart ecosystem was now scaling. “Our smart ecosystem, integrating agents, kiosks, digital platforms, and cyber centres, is designed to enhance accessibility, reduce costs and broaden financial inclusion across Zimbabwe.”
With total equity now up to ZiG1,59 billion up from ZiG1,47 billion at year end 2024 and a strengthened deposit base, the group says it is positioned to stretch into new industry verticals in the second half of 2025.
Management says partnerships in high-volume sectors and rising merchant digital acceptance will remain the main growth drivers in the second half. – Herald