NMBZ Holdings Ld Profit Warning Announcement (5023Z)
07 Février 2014 - 8:00AM
UK Regulatory
TIDMNMB
RNS Number : 5023Z
NMBZ Holdings Ld
07 February 2014
NMBZ HOLDINGS LIMITED
Holding company of
NMB BANK LIMITED
(Registered Commercial Bank)
(Incorporated in Zimbabwe under company registration number
1714/95 on 6 March 1995)
PROFIT WARNING ANNOUNCEMENT
The Board of Directors (the "Board") of NMBZ Holdings Limited
(the "Company") together with its subsidiaries (the "Group") would
like to inform the shareholders of the Company and investors that
the Board has reviewed the banking subsidiary's loan book and has
consequently increased the impairment losses on loans and advances.
This will have a material impact on the results for the year ended
31 December 2013 and the Group will record an attributable loss for
this period.
Notwithstanding the negative impact of the above-mentioned
impairment losses on loans and advances, the capital position of
the bank remains above the regulatory minimum. In addition, the
capital adequacy and liquidity ratios for the banking subsidiary
remain above the regulatory minimums.
In the meantime, the Board wishes to advise shareholders of the
Company and investors to exercise caution when dealing in the
shares of the Company.
By Order of the Board
Mrs Violet Mutandwa
Company Secretary
7 February 2014
Directors: Mr. T. N. Mundawarara (Chairman); Mr. J. A. Mushore
(Group CEO)*; Mr. F. Zimuto (Deputy Group CEO)*; Mr. B. Ndachena
(Chief Financial Officer)*; Mr. A. M. T. Mutsonziwa; Mr. B. W.
Madzivire; Dr. J. T. Makoni;; Mr. J. Chigwedere; Mr. J.
Chenevix-Trench (*Executive).
Address: 4th Floor, Unity Court, Corner 1st Street/ Kwame
Nkrumah Avenue, P.O. Box 2564, Harare
Website: www.nmbz.co.zw
This information is provided by RNS
The company news service from the London Stock Exchange
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