The People’s Own Savings Bank (POSB) recorded a decrease in net profit to ZiG108.48 million for the six months ended June 30, 2026, from ZiG189.42 million in the comparable period, primarily due to regulatory monetary policy changes affecting non-funded income.

Early this year, the Reserve Bank of Zimbabwe introduced measures that scrapped balance enquiry fees and capped withdrawal and transaction charges, impacting financial institutions’ non-funded income.

The financial institution’s operating expenses increased by 3% to ZiG550.99 million during the period under review, from ZiG536.53 million, largely driven by business expansion initiatives, with the marginal increase demonstrating continued cost discipline.

POSB’s asset quality remained strong, with the non-performing loans ratio maintained at 2.09%, well below the regulatory threshold of 5%.

The institution’s liquidity remained robust, with a liquidity ratio of 72%, above the regulatory minimum of 30%.

The group’s capital adequacy stood at a healthy 36.56%, significantly exceeding the regulatory minimum of 12%, reflecting the its strong capital position and financial resilience.

“The board remains confident that the bank is well positioned to deliver a resilient performance in the second half of 2026,” POSB’s chairman Kenias Mafukidze said in a statement accompanying financials.

“While the monetary policy measures introduced during the first half of the year are expected to continue exerting pressure on non-funded income, the Bank will focus on growing its core business, diversifying revenue streams and maintaining disciplined cost management to preserve profitability.”

Supported by a strong capital base, robust liquidity and sound asset quality, he said POSB remains committed to delivering sustainable value to its stakeholders while advancing its financial inclusion agenda.