POSB Declares Record $5.14 Million Dividend to Mutapa Investment Fund

The People's Own Savings Bank (POSB) has announced a record dividend payout of US$5.14 million to the Mutapa Investment Fund for the 2026 financial year. This figure represents a substantial leap from the US$1.52 million distributed in 2025, underscoring a consistent five-year growth in shareholder returns.

POSB Chief Executive Officer Garainashe Changunda credited the bank's robust performance to a strategic transformation focused on innovation, operational efficiency, and customer-centric service. "Our performance reflects the resilience of our strategy, the dedication of our employees, and the continued trust and confidence of our customers, shareholder and other stakeholders in the POSB brand," Changunda stated, highlighting the bank's progress.

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As I reflect on our transformation journey, I am proud of the significant progress we have made in advancing innovation, strengthening operational excellence and enhancing customer value. Our performance reflects the resilience of our strategy, the dedication of our employees, and the continued trust and confidence of our customers, shareholder and other stakeholders in the POSB brand.

The bank's financial health is further evidenced by its expanding loan portfolio, which reached US$54.3 million by mid-2026, and a rise in customer deposits to US$99.4 million. This growth is supported by strategic funding facilities, including significant contributions from the Mutapa Investment Fund and Afreximbank, alongside an agricultural mechanization program.

POSB is also advancing its digital transformation, with over 83% of its strategic plan completed and a new core banking system slated for full implementation by December 2026. This digital push, Changunda noted, is crucial for building "a modern, trusted and digitally inclusive financial institution that is well-positioned for the future," enabling continued support for Zimbabwe's productive sectors and sustainable shareholder returns.

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Through continued investment in digital technologies and capabilities, we are building a modern, trusted and digitally inclusive financial institution that is well-positioned for the future.