TN Cybertech hails easing inflationary pressures

TN CyberTech (TNCI) Bank Limited has commended the country’s economic measures for creating an environment of eased inflation, which has partly enabled the group’s revenue to surge by 23%.

Presenting the group’s quarterly performance for the first quarter period ended March 31, 2026, TNCI Group CEO, Tawanda Nyambirai commended the operating environment’s stability.

“The operating environment during the quarter ended 31 March 2026 remained relatively stable, supported by prudent fiscal and monetary policy measures aimed at preserving price and exchange rate stability.

“Exchange rate volatility remained subdued during the period, while inflationary pressures continued to be moderate, reflecting improved monetary discipline and relative macroeconomic stability,” he said.

During the period, the company delivered strong financial performance during the quarter under review, supported by increased customer activity across digital channels, growth in interest earning assets and continued execution of its strategic initiatives.

Revenue for the quarter increased by 23% to ZWG263 million compared to the same period last year.

The cost to income ratio improved to 64%, from 70% in the prior year comparative period, reflecting continued operational efficiencies and disciplined cost management. Total assets closed the period at ZWG7.2 billion, underpinned by a 23% growth in earning assets, while shareholders’ equity increased by 3% to ZWG1.5 billion.

The group’s sole subsidiary, TN CyberTech Bank Limited (“the Bank”) remained adequately capitalized, with a capital adequacy ratio of 36.71% as at 31 March 2026, significantly above the regulatory minimum requirement of 12%.

The Bank’s strong capital position provides a solid foundation to support sustainable business growth while maintaining prudent risk management

Nyambirai said domestic economic prospects for 2026 remain positive, supported by improved activity across key productive sectors.

Notwithstanding this positive outlook, the operating environment continues to be characterised by elevated levels of informality, evolving customer preferences and increasing demand for technology-driven financial solutions.

“The Group will continue to execute its hyper integration strategy through strategic partnerships, digital innovation and expanded market participation,” added Nyambirai.

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المصدر: NewZimbabwe