The People’s Own Savings Bank (POSB) has announced a record US$5.14 million dividend for 2026, more than tripling the US$1.52 million paid in 2025.
In a statement, yesterday, POSB said the growth was a result of sustained efforts under its Transformation Strategic Plan, which has achieved an 83.5% implementation rate and positioned the bank for increased competitiveness in Zimbabwe’s financial services sector.
“The People’s Own Savings Bank (POSB) has declared a record US$5.14 million dividend for 2026, up from US$1.52 million paid in 2025.
Dividends have grown from US$216 334 in 2022 to US$5.14 million in 2026, reflecting the positive impact of the bank’s transformation journey and shareholder support from Mutapa Investment Fund,” the bank said.
The bank said its financial position had continued to strengthen, with the loan book reaching US$54.3 million, while customer deposits stood at US$99.4 million as at June 30, 2026.
“POSB’s loan book reached US$54.3 million, while customer deposits grew to US$99.4 million by 30 June 2026,” the institution said.
The bank attributed part of its growth trajectory to increased capital support and strategic financing arrangements secured from local and international partners.
“POSB secured US$5 million from Mutapa Investment Fund, US$10 million from Afreximbank and a US$22.5 million agricultural mechanisation facility under the Belarus programme,” the bank said.
The funding facilities are expected to expand POSB’s lending capacity, particularly towards productive sectors such as agriculture, which remains central to Zimbabwe’s economic development agenda.
“The agricultural mechanisation facility under the Belarus programme will enhance support towards the agriculture sector by increasing access to financing for mechanisation initiatives,” POSB said.
The bank said the implementation of its transformation programme had reached advanced stages, with digitalisation and improved service delivery remaining key priorities.
“Implementation of the Transformation Strategic Plan has reached 83.5%, with the new core banking system expected to be fully rolled out by December 2026,” POSB said.
The introduction of the new core banking platform is expected to improve operational efficiency, enhance customer experience and enable POSB to provide more innovative banking solutions.
POSB said the transformation programme was aimed at ensuring that the bank remained responsive to changing customer needs while supporting national economic priorities.
“The successful implementation of the Transformation Strategic Plan has strengthened POSB’s ability to deliver sustainable value to customers, shareholders and the economy,” the bank said.
The record dividend comes as Government continues efforts to reform and strengthen State-owned enterprises by improving corporate governance, profitability and their contribution to economic growth.
