FBC Holdings (FBC) reported total income of ZiG2.15 billion for the half year ended June 30, 2026, marking a 17.2% increase from ZiG1.83 billion recorded during the same period in 2025.

The financial institution’s non-funded income stream performance surpassed funded income, driven by transactional volume, customer acquisition, and investment returns.

FBC’s net interest income increased by 6.8% to ZiG774.21 million, up from ZiG 724.70 million in the prior-year period.

Net fee and commission income increased 12.4% to ZiG710.28 million, compared to ZiG631.91 million in the first half of 2025.

“The group delivered a resilient performance for the six months ended June 30, 2026, underpinned by broad-based growth across our core revenue streams,” FBC Chairman Herbert Nkala said in a statement accompanying the group’s financials.

“Total income increased by 17.2% to ZiG2.15 billion, from ZiG1.83 billion for the same period last year. This performance reflects the benefits of our diversified financial services model and the increasing contribution from customer-led, transactional and investment-related activities.”

The group’s dealing and investment-related income grew by 75% to reach ZiG530.17 million, compared to ZiG303.08 million recorded in the corresponding period of 2025.

Revenue from property sales doubled to ZiG40.23 million, up from ZiG21.97 million, while net income from property sales after development costs reached ZiG18.91 million.

Insurance revenue reached ZiG556.05 million compared to ZiG405.66 million in the prior year period.

Non-funded income components, including fee and commission income, foreign exchange trading, and processing fees, accounted for 72% of total income.

Operating expenses increased by 34.1% to ZiG1.55 billion, up from ZiG1.16 billion in the previous year, following expenditures in technology, staff costs, and infrastructure.

FBC’s profit before tax increased 23.8% to ZiG468.62 million, compared to ZiG378.51 million in the first half of 2025.

Profit after tax totaled ZiG344.22 million, down from ZiG909.69 million in the corresponding period, reflecting the impact of prior-period tax adjustments regarding the deductibility of interest expenses on credit lines.

“The group’s balance sheet also strengthened materially during the period. Total assets increased by 17.5% to ZiG26.33 billion from the audited December 31, 2025 position, while customer deposits increased by 20.4% to ZiG15.56 billion,” Nkala said.

He noted that the continued growth in deposits reflects the confidence that customers and funding partners place in the group.

FBC’s loans and advances to customers increased to ZiG11.96 billion during the period under review, up from ZiG10.99 billion. The group’s non-performing loans ratio improved to 3.03%, down from 4.22% recorded at the end of December 2025. The board declared an interim dividend of 0.32 US cents (195 ZWG cents) per share.