NAME OF

INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
ZBFH
(portfolio
includes ZB
Bank, ZB
Building Society,
ZB Life
Assurance, ZB
Asset
Management,
ZB Reinsurance,
ZB Securities
and ZB Capital)
Well diersified !it"
easily identified#
recognisa$le Banking,
Asset Management,
Building Society,
Securities, Re%insurance,
and Life Assurance and
S"ort%&erm 'nsurance
units(
Wide geograp"ical
coerage especially for
Bank and Building Society
!it" )) $ranc"es across
t"e country(
*++ ,-S, ./ A&Ms
!"ic" are !ell net!orked
nation!ide and
e0ceptional $usiness
enironment(
Sound inestment in
employee training(
Sound infrastructure and
'& systems across t"e
1roup(
2ig"ly skilled personnel
and strong tec"nical
e0pertise(
1roup "as strategic ties
!it" Z'MRA, Cell
'nsurance and Ale0ander
3or$es, among ot"er
companies(
'ncreasing deliery
Slo! strategy e0ecution(
4na$le to "ae a
consistent 1roup $rand
message as it focuses on
tactical communication
only(
5o regional presence(
Belo! industry profit
after ta0 for t"e 26 ended
7une 89*8( ,rofita$ility
decreased $y +8: from
4S;) million for 2689**
to 4S;* million for
2689*8(
,oor $ranc" am$ience(
Relatiely !eak capital
$ase, "ence
uncompetitie in respect
of under!riting $usiness(
A$oe aerage and
rising operating cost to
reenue ratio $et!een
2689** (/+:) and
2689*8 (+<:)(
Belo! industry aerage
in terms of total
compre"ensie income
for 26 89*8(
Relatiely small in terms
of total assets(
Launc"ed ZB =0ecutie
Banking as a replacement of =
Class Banking(
'ntroduced t"e "armonised rate
for t"e 3uneral Cas" Coer(
&"e Bank sponsored t"e 89*8
2'3A =dition(
&"e Bank em$arked on road
s"o!s to promote t"e e%!allet
and Stas" account for
students(
-ffering 2ealt" 'nsurance
to t"e formal sector under
its ZB Life Assurance
su$sidiary(
-pening of more $ranc"es
Continued massie
adertising of e%!allet(
3ull e0ploitation of 1roup
synergies(
2armonisation and#or
culling of some product
offerings !it" more or less
same attri$utes(
Continue !it" efforts to
secure capital(
Merge ZB Bank and ZB
Building Society
2ig"
potential for
gro!t", on
t"e $ack of
capital
in>ection and
improed
customer
confidence(
? 1roup =conomics @ Strategy ,age * of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
ZBFH
continued
c"annels and product
synergies !it"in t"e
1roup and also ot"er
organiAations e(g( ,1
'ndustries(
1ood reputation as an
indigenous and sta$le
financial serices proider(
Recorded a$oe
aerage reenue for 26
89*8(
ABC
Holdings
(portfolio
includes
regional
Merc"ant and
Commercial
Banking
operations in
Bots!ana,
MoAam$iBue,
Zam$ia,
&anAania and
Asset
Management in
Zim$a$!e)
Regional presence in
MoAam$iBue, Bots!ana,
&anAania and Zam$ia(
Strong $rand name(
Solid 1roup !it" !ell
capitalised Business
4nits(
Listed on $ot" t"e
Zim$a$!e and Bots!ana
Stock =0c"anges, "ence
easy access to domestic
and regional capital
markets(
Strong appeal to $ot"
regional and international
inestors(
'mmaculate $ranc"
am$ience(
Cistinguis"ed serice
proisionD limited !aiting
times for customers(
'noled in a num$er of
Less diersified
$usiness portfolioD more
focused on $anking
operations(
Business 4nits "ae
small $ranc" net!ork
t"erefore limited
geograp"ical spread(
,oor managerial
oersig"t at ABC Zam$ia
% entity continues to $e
oer s"ado!ed $y t"e
Zim$a$!ean diision(
Ma>ority o!ned $y
foreigners, "ence may $e
affected $y 1oernment
policies suc" as t"e
'ndigenisation and
=mpo!erment drie(
3oreign o!ned, t"us
lacks full autonomy in
decision making(
BancABC Zim$a$!e !as
named t"e $est employers for
t"e year 89** in t"e priate
sector company category(
&anAania diision posted an
attri$uta$le loss during t"e *
st
"alf ended E9 7une 89*8(
&"e 1roup recently raised
4S;)9 million t"roug" a rig"ts
issue, !"ic" closed on 7uly 8/(
BancABC Bots!ana is
also going to receie
4S;*) million !"ile
&anAania and Zam$ia
operations !ill eac"
receie 4S;/ million(
BancABC MoAam$iBue
!ill get 4S;E() million
!"ile s"are issue
e0penses !ill take up
4S;8() million(
Set to add more
$ranc"es in line !it" its
plans to gro! its retail
$usiness, including more
A&Ms @ ,-S terminals to
$oost deliery c"annels,
!"ile maintaining t"e
!"olesale $anking
diision as !ell(
Set to $e co%financer of
t"e construction of 5etone
Solid 1roup
!it" strong
merc"ant
$anking
$ackground(
? 1roup =conomics @ Strategy ,age 8 of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
ABC
Holdings
continued.
pro>ects t"us giing it
access to per"aps one of
t"e ma>or sources of
steady income and
$usiness gro!t"(
-n an e0pansion drie
and no! "as more t"an
)9 representation points
in t"e region ena$ling it to
tap muc" needed
deposits(
Recorded t"e second
"ig"est profit after ta0 of
4S;/(. million for t"e
period ended E9 7une
89*8(
Biggest in terms of total
assets (4S;*(. $illion) as
at 7une 89*8(
Ac"ieed $elo! aerage
operating cost to reenue
ratio (/.:) for t"e 26
ended 7une 89*8(
Recorded a$oe
aerage reenue for 26
89*8(
Retail Banking in ot"er
countries is recording
losses e0cept for
Zim$a$!e !"ere it is
profita$le(
2ead -ffice(
Set to >oin t"e Zims!itc"
platform(
FBCH
(portfolio
includes 3BC
Bank, 3BC
Building Society,
3BC re%
A !ell diersified
$usiness portfolioD does
not rely on one $usiness
unit(
Lo! leels of
$ureaucracy(
Benefiting from t"e
Business units "ae
small $ranc" net!ork(
Static gro!t" in terms of
$ranc" net!ork(
Recorded $elo!
aerage reenue for 26
89*8(
&"e companyFs $oard "as
decided not to declare a
diidend until t"e ne! capital
leels "ae $een ac"ieed(
-pened C"itung!iAa Bank
Branc" !it" effect from E
Septem$er 89*8(
&"e 1roup is set to
introduce GisaCard to tap
into t"e international
market and possi$ly
$enefit from t"e 89*E
45W&- conference to $e
co%"osted $et!een
'ncreasing
isi$ility
paying off
t"roug"
rising
performance
indicators(
? 1roup =conomics @ Strategy ,age E of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
insurance and
3BC
Stock$roking)
FBCH
continued
5SSA strategic
partners"ip
Strong inestment in
print and electronic
adertising(
Wide range of $anking
products(
6oung and dynamic
management(
Sound inestment in '&(
Relatiely !ide $ranc"
net!ork !it" 8* $ranc"es,
and ./ ,-S(
'nnoatie in creating
ne! tec"nological
serices
A$le to adapt to rapid
c"anges in t"e market
due to "ierarc"al narro!
structure(
Regarded $y 3inance
Minister Biti as t"e $est
run indigenous $ank in
Zim$a$!e(
Recorded a$oe
aerage profit after ta0 of
4S;<(H million for t"e
period ending E9 7une
89*8(
Ac"ieed $elo! aerage
operating cost to reenue
ratio (</:) for t"e 26
ended 7une 89*8(
Belo! peer group
aerage in terms of asset
$ase(
Running t"e MaAda E
Sc"eme, a loan facility to
purc"ase $rand ne! MaAda E
e"icles form selected
aut"oriAed dealers in
Zim$a$!e !it" a repayment
period of oer ) mont"s(
Zim$a$!e and Zam$ia(
Merging t"e $ank !it"
t"e $uilding society into a
commercial $ank(
? 1roup =conomics @ Strategy ,age . of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
OLD
MUTUAL
(,ortfolio
includes -ld
Mutual Life
Assurance -ld
Mutual
,roperties, -ld
Mutual 4nit
&rust, -ld
Mutual Asset
Managers)
OLD MUTUAL
continued
'nests largely in
property deelopment and
o!ns a significant num$er
of $uilding properties in
Zim$a$!e(
,art of t"e reno!ned
-ld Mutual ,lc, !"ic" is
multi%listedD including on
t"e ZS=, 7S= and LS=,
"ence "as ery easy
access to international
capital markets(
Largest institutional
inestor on t"e ZS=(
Strong $rand name and
reno!ned $usiness units,
including MBCA, CABS,
-ld Mutual Life
Assurance, RM 'nsurance
and -ld Mutual Asset
Management(
Controls t"e largest
Building Society (CABS)
in Zim$a$!e(
Benefits from strong
1roup synergies t"roug"
t"e ILink ,ro>ectJ(
Strong Corporate culture
focused on social
responsi$ility(
2as $een affected $y
1oernmentKs
'ndigenisation and
=mpo!erment drie
!"ere t"ey are $eing
forced to surrender )*:
of t"e eBuity to
indigenous
Zim$a$!eans(
't "as clas"ed seeral
times t"e !it" t"e
indigenous $usiness
people oer its perceied
"ig" rentals(
3oreign o!ned, t"us
lacks full autonomy in
decision making(
Gulnera$le to aderse
moements in t"e glo$al
financial markets due to
its strong links !it" -ld
Mutual ,lc(
3aces a "uge
inestment risk as many
$usinesses are
rationalising operations
and closing $usinesses
from rented premises(
5arro! product line and
yet to resume sales of
indiidual life products(
2ig" turnoer of tenants
leading to .9: s"opping
-ld Mutual offered to offload
a 8/: s"are"olding to
employees, */: to local
pension funds and /: to t"e
5ational 'ndigenisation &rust
3und(
Cue to its strong performance
t"e 1roup managed to
introduce t"e special diidend,
as !ell as t"e normal diidend(
-ld Mutual set aside a
Cistressed 'ndustries and
Marginalised Areas 3und
(Cimaf) of 4S;.9 million to
reie companies in Bula!ayo(
-ld Mutual "as increased its
s"are"olding in RioZim from
89: to 8H(<: after su$%
under!riting t"e mining
companyKs 4S;) million rig"ts
issue( RioZim floated *9 million
rig"ts issue s"ares and
s"are"olders su$scri$ed
<9(<E: of t"e s"ares, resulting
in -ld Mutual taking up EH(E<:
of t"e unsu$scri$ed s"ares(
CABS, a su$sidiary of -ld
Mutual Zim$a$!e, signed a
Memorandum of
4nderstanding !it" t"e 2arare
City Council for t"e
esta$lis"ment of a 4S;*)
million "ousing fund t"at !ill
S"are"older
restructuring and possi$le
employee empo!erment
in line !it" t"e
1oernmentKs
'ndigenisation and
=mpo!erment initiatie(
'ts Banking unit, CABS
is planning to go
commercial(
Set to reise C'MA3
conditions !"ic" "ae
$een cited as a ma>or
"indering o$stacle to firms
in Bula!ayo !"ic" are in
need of t"e funds(
CABS mig"t enture into
commercial $anking(
Solid
financial
institution(
? 1roup =conomics @ Strategy ,age ) of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
centre space $eing oid( see t"e construction of oer
E,999 "ousing units in t"e
Budiriro "ig" density su$ur$(
R!N"iss"n#!
Fin"n#i"l
Holdings
(Capital Bank
Corporation,
Re5aissance
Merc"ant Bank,
Re5aissance
Securities, Afre
Corporation$
,ortfolio
includes African
Actuarial
Consultants,
&ristar 'nsurance
Company, 3irst
Mutual Life,
,earl ,roperties,
3MR= ,roperty
and Casualty,
3MR= Life and
2ealt")
-ffers a relatiely
diersified portfolio of
financial serices(
&"e 1roupKs su$sidiary,
3irst Mutual Life Medical
Aid Society (3L'MLAS)
"as strategic ties !it"
5etcare of Sout" Africa(
5etcare is t"e largest
priate "ospital net!ork in
Sout" Africa and 4L(
Strong capital $ase to
support operations and
$roader access to
inestment funds due to
t"e ZS= listing of A3R=
and ,earl ,roperties(
-ffers "ig" Buality "ealt"
insurance, !it" a
considera$le market
s"are of "ig" net !ort"
indiiduals(
&"e 1roupKs $anking
arm posted 4S;.() million
profit for 2689*8(
Camaged corporate
image due to t"e alleged
a$use of depositorsK
funds $y t"e former C"ief
=0ecutie Mr( ,atterson
&im$a(
Cepositors flig"t due to
t"e placement of t"e $ank
under t"e curators"ip(
Lo! leel of $usiness
$eing e0perienced $y t"e
$ank "as resulted in t"e
$ank failing to meet all
operating costs(
'n April 89*8, Securities
Commission suspended
Renaissance Securities for
failing to meet minimum capital
t"res"olds( Stock$rokers are
reBuired to "ae at least
4S;*)9,999 in liBuid capital(
Confederation of Zim$a$!e
'ndustries ,resident 7osep"
Lanyekanye !as appointed
C"airperson of Renaissance
Merc"ant Bank
'n 7une 89*8, t"e 2ig" Court
ruled t"at t"e $oard led $y
,rofessor C"etsanga, !"ic"
sold t"e Bank to 5SSA !as no
longer in office a moe t"at
puts in Buandary t"e
acBuisition of t"e R32L $y
5SSA(
Curators"ip ended in
3e$ruary 89*8(
Re5aissance Merc"ant Bank
!as renamed Capital Bank
Corporation( Re5aissance
3inancial 2oldings no! o!ns
*<: of Capital Bank(
&"e takeoer of R32L
$y 5SSA is set for a
dispute as former
s"are"olders led $y Mr(
&im$a are c"allenging t"e
takeoer "ence legal
c"allenges may emanate(
'ntensie marketing to
restore customer
confidence in t"e 1roup(
Re$randing(
Set to introduce adisory
serices on de$t
restructuring, mergers,
acBuisitions and eBuity
disposals(
,otential for
gro!t", on
t"e $ack of
capital
in>ection and
improed
customer
confidence(
CBZH
(,ortfolio
Strong strategic ties !it"
t"e 1oernment and
1oernment institutions(
Some $usiness units
"ae different $rand
names and cannot $e
&"e 1roup declared a
diidend of 9,*E8 4S cents per
s"are for 2689*8 from a total
Set to $e co%financer of
t"e construction of 5etone
2ead -ffice(
Ciersified
group !it"
strong
? 1roup =conomics @ Strategy ,age < of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
includes CBZ
Bank, Catest
Asset
Management,
CBZ ,roperties,
CBZ Building
Society, -ptimal
'nsurance
Company)
CBZH
continued
Well%diersified $usiness
portfolio(
Banking Ciision, CBZ
Bank is t"e largest
deposits taking and
lending institution in
Zim$a$!e(
Banking Ciision, CBZ
Bank remains t"e
countryFs $iggest $ank in
terms of assets(
2uge capital $ase to
support operations(
2as good reputation(
Most organiAations prefer
to do $usiness !it" t"em(
Su$sidiary, CBZ Bank
"as strategic alliance !it"
,innacle ,roperties for
t"e purc"ase and sale of
properties(
's in partners"ip !it"
Radar 2oldings retail
diision, 4nited Builders
Merc"ants (4BM), in a
deal t"at !ould see CBZ
Bank proiding loans to
anyone !illing to $uy
$uilding materials from
4BM(
Wide $ranc" net!ork
!it" )8 $ranc"es !it" E
$eing for premier $anking,
easily identified i(e(
Catest Asset
Management and -ptimal
'nsurance(
,otential loss of
1oernment related
$usiness(
3ace "uge credit risk
due to its inestment in
unsecured lending(
Gulnera$le to glo$al
olatilities(
&"e asset management
$usiness posted a
4S;*E9 t"ousand loss
during t"e 26 89*8(
diidend of 4S;H9E 9/*( &"e
total diidend declared !as up
*9: from t"e comparatie
period last year(
Zim$a$!e Reenue Aut"ority
"as partnered !it" CBZ Bank
Limited to deelop an online
$ased payment platform, as t"e
ta0 collector intensifies efforts
to upgrade its systems(
CBZ $ank !as gien a line of
credit !ort" 4S;<9 million for
on% lending to small%to%medium
enterprises $y ,&A Bank(
CBZ Bank C"ief -perating
-fficer, ,eter Zimunya !as
appointed t"e ne! Managing
Cirector( 2e takes oer from
7o"n Mangudya, !"o !as
appointed t"e "olding
companyKs 1roup C"ief
=0ecutie follo!ing t"e early
retirement of 5yas"a
Makuise(
Co%financial adisors of t"e
multimillion%dollar Beerly 2ills
1olf =state in Borro!dale
Brooke( &"e pro>ect is !ort"
4S; 8)9 million(
CBZ Bank secured a 4S;*)
million reoling loan facility
from Asian Bank Badea to
support small and medium
CBZ Bank is e0pected to
$e t"e first $ig corporate
to $uild a modern $anking
"all in a *)%storey
comple0 !ort" 4S; E99
million(
CBZ Asset to implement
property%linked products(
Ciersifying its income
streams
Making inroads into
long% term insurance(
strategic ties
!it"
1oernment
and
1oernment
'nstitutions(
? 1roup =conomics @ Strategy ,age / of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
.8 A&Ms and 8)9 ,-S
facilities(
Recorded t"e "ig"est
profit after ta0 of 4S;*+(E
million for t"e period
ended E9 7une 89**(
Ac"ieed t"e lo!est
operating cost to reenue
ratio for t"e 26 ended
7une 89*8(
Second largest in terms
of total assets as at 7une
89*8(
Well capitaliAed M
already met t"e ne! 89*.
minimum $ank capital
reBuirements(
2as a "ig"er R-= of
8/: for 26 7une 89*8(
Recorded "ig"er and
a$oe aerage reenue
for 2689*8(
enterprise in t"e agriculture,
agro%processing,
manufacturing and serice
industries(
S"are"olders approed t"e
1roupKs plans to em$ark on a
s"are $uy%$ack and to reie
its employee s"are option
sc"eme (=sos)( &"e
s"are"olders also approed t"e
declaration of a final diidend
at an annual general meeting
"eld on May E9, 89*8(
Li%!s&'l!
Holdings
(Fo)*!) TN
Holdings+
(,ortfolio
includes &5
Bank, &5 Asset
Management,
&5 Medical
&"e 1roup is ery
innoatie in cost
reduction t"roug" its
Banking Malls(
6oung and i$rant
management team !ell
kno!n for good $usiness
practices(
'mmaculate $ranc"
am$ience(
As at E9 7une 89*8 t"e
1roup "ad 8/ $anking
"alls, relatiely small as
compared to ot"er
competitors.
&5 Bank (1roup $ack
$one) is a fairly ne!
entrant into t"e marketD
"ence little market#$rand
isi$ility(
-pened a furniture s"op in
Zam$ia(
&"e 1roup concluded and
reac"ed an agreement !it" a
Sout" African company to
supply furniture in more t"an
E9 outlets in Sout" Africa(
C"anged t"e composition of
&5 BankKs $oard to include
international $oard mem$ers
,enetrate t"e regional
market as t"e 1roup
gears to increase reenue
streams and unlock
s"are"older alue(
&"e 1roup is e0pected
to start a transport
$usiness mainly to
complement &5 Mart(
&"e furniture production
Ciersified
1roup !it"
strategic
alliance !it"
=conet
"ence it is
a$le to
$enefit from
eery moe
done $y
? 1roup =conomics @ Strategy ,age + of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
Benefit 3unds,
&5 3inancial
Serices, &5
2arleBuin
La0uire, &5 Mart
and &5 1rill)
TN Holdings
(now Lifestyle
Holdings)
Continued
3ocused on a nic"e
market of "ig" net%!ort"
indiiduals(
2uge inestment
potential t"roug" its
strategic links !it" =conet
Wireless 2oldings, t"e
countryKs largest
telecommunications
company(
-ffering its products on
credit so as to counter t"e
liBuidity crisis currently
preailing in t"e market(
'nests largely in
aggressie marketing
strategy ($ill$oard
adertising, adertising
t"roug" sponsored links)(
Benefits from group
synergies and large
distri$ution net!ork
t"roug" &edco retail
outlets(
Well diersified $usiness
1roup !it" access to
operating su$sidiary
customers and also
cutting costs t"roug"
s"ared "uman resources(
'ncreasing capacity
utilisation of t"e
manufacturing su$sidiary(
&5 Bank "as a limited
$ranc" net!ork and
geograp"ical spread
t"oug" itKs increasing its
$ranc" net!ork(
&"e 1roup is still to fully
e0pand into rural areas
"ence access is still
limited(
Lo! deposits from
indiiduals(
Belo! industry aerage
in terms of total
compre"ensie income
for 26 89*8(
Belo! industry profit
after ta0 for t"e 26 ended
7une 89*8(
A$oe aerage and
rising operating cost to
reenue ratio $et!een
2689** (<<:) and
2689*8 (++:)(
2as a relatiely lo!
asset $ase(
suc" as Metallon Corporation
c"ief financial officer, L!aku
Akosa"%Bempa", Canadian%
$orn 1uy ,earce from 1lo$al
Banking 1roup and 5elson
MandelaKs daug"ter, MakaAi!e
Mandela(
&5 Bank receied a 4S;89
million cas" in>ection from
=conet Wireless Zim$a$!e(
&"e $ank continues to tap
into =conetKs strong su$scri$er
$ase to spur gro!t" in non%
interest income t"roug" t"e
=cocas" offering resulting in
improed transaction olumes(
=ntered into long term supply
agreements !it" an =astern
"ig"lands $ased tim$er
supplier for t"e e0traction of
ra! materials used $y &5
2arleBuin Lu0aire(
AcBuisition of t"e Wood
'ndustries assets comprising a
tim$er processing facility in
Bula!ayo(
&"e 1roup is pus"ing for
$oard representation at
,el"ams Ltd follo!ing t"e
diersified groupKs acBuisition
of around )+: of t"e listed
furniture companyKs total
issued s"are capital(
side is set to esta$lis"
furniture e0port market(
&"e strategic focus !ill
no! $e on increasing non%
funded income lines suc"
as launc"ing A&Ms for
=cocas" products and t"e
upgrading of t"e &5 Cas"
card t"is year
't is "oped t"e
distri$ution net!ork !ill
e0pand t"roug" t"e
acBuisition of ,el"ams(
-pening more &5 1rills
outside 2arare(
Launc"ing Liestock
&rusts(
=conet(
? 1roup =conomics @ Strategy ,age H of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
Well%positioned to lure
more clients t"roug" cas"
$ack facility agreements
!it" &M @ -L
Supermarkets(
&"e 1roup and Rufaro
Marketing sealed an
4S;+.),H99 deal for leasing
Rufaro Marketing $eer "alls for
t"e ne0t *8 years( Mean!"ile,
t"e 1roup reised do!n!ards
t"e num$er of outlets to $e
leased from 8) outlets to *.(
&"e 1roup re%$randed to
Lifestyle 2oldings(
&5 Bank un%$undled from t"e
2oldings Company and listed
separately on t"e ZS=(
A%)Asi"
Kingdo*
Fin"n#i"l
Holdings
(,ortfolio
includes
Lingdom Bank
Limited,
Lingdom Asset
Management,
Lingdom Stock
Brokers,
MicroLing
3inance, 3C2
Mala!i,
Lingdom Bank
Africa Limited
Bots!ana)$
2as discounted its
undercapitalisation
t"roug" innoatie
products and a strong
$rand(
Well diersified 1roup
!it" regional presence in
Mala!i and Bots!ana(
2ig"ly innoatie in
product deelopment and
sound e%$anking platform(
Gi$rant and dynamic
leaders"ip !it" lo! leels
of $ureaucracy(
Strong marketing
initiaties as !itnessed $y
online adertising,
appearing as sponsored
links and electronic and
print media adertising(
Celays in re%listing on
ZS= limiting its capital
$ase and inestment
opportunities(
5o prospects of offering
a one stop s"op(
Still suffering from t"e
after effects of t"e
demerger !it" Meikles
Limited( Loss of deposits
from Meikles related
companies(
Belo! industry aerage
in terms of total
compre"ensie income
for 26 89*8(
Belo! industry aerage
in terms of reenue for
t"e 2689*8(
Belo! industry profit
Lingdom Asset Management
(,t) Ltd "as launc"ed t"e
Zim$a$!e Stock =0c"ange
&racker 3und( &"e fund is an
open%ended, unit trust t"at is
e0pected to track t"e
performance of t"e ZS=
'ndustrial 'nde0(
S"are"olders at t"e annual
general meeting "eld in 2arare
t"is May 89*8 gae directors,
t"e go%a"ead to raise 4S;899
million(
Won t"e 'C& supporting $ank
a!ard in 89**(
S"are"olders aut"orised t"e
1roup to acBuire a controlling
stake in Lingdom Bank Africa
Limited Bots!ana, Amara &ec",
a s!itc"ing company $ased in
AfrAsia !ill in>ect fres"
capital into local
operations(
&"e 1roup is e0pected
raise 4S;899 million in
de$t capital and offs"ore
lines of credit to furt"er
capitalise its operations(
Relisting on t"e
Zim$a$!e Stock
=0c"ange(
Listing on t"e
7o"annes$urg Securities
=0c"ange and t"e Stock
=0c"ange of Mauritius
(S=M)(
Lingdom 3inancial
2oldings Limited is set for
ma>or transformation in
product diersity,
Re$uilding
Corporate
'mage(
? 1roup =conomics @ Strategy ,age *9 of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012
NAME OF
INSTITUTION
STRENGTHS WEAKNESSES RECENT/
CURRENT ACTIVITIES
POSSIBLE FUTURE
MOVES
OVERALL
COM
MEN
T
Reno!ned for its
support to SM=s t"roug"
Micro%Ling 3inance(
'ntroduced a mo$ile cell
card unit !"ic" is proing
to $e popular and
efficient(
Strong 'C& $ase(
Wide Branc" net!ork
!it" *H $ranc"es and 8
$eing premier $ranc"es(
*,)99 ,-S and 8) A&Ms
utilised for ads(
after ta0 for t"e 26 ended
7une 89*8(
A$oe aerage and
rising operating cost to
reenue ratio $et!een
2689** (+*:) and
2689*8 (HE:)(
Relatiely smaller asset
$ase(
Sout" Africa and a priate
eBuity firm listed on t"e Stock
=0c"ange of Mauritius(
Lingdom Cell Card s"one
$rilliantly as it !as cro!ned
89**Fs -utstanding 5e!
Market =ntry at a dinner "osted
$y CBZ Bank(
'ntroduced t"e MasterCard
follo!ing its colla$oration !it"
MasterCard World!ide(
'ntroduced t"e ne! online
system of opening personal
accounts online(
&"e 1roup c"anged its name
to AfrAsia Lingdom 3inancial
2oldings(
Launc"ed an upgraded core
$anking system % 1lo$us R*9(
operations and $rand
identity after t"e eBuity
inestment $y Mauritius%
$ased AfrAsia Bank
Limited(
Re$randing some of its
$usiness units(
? 1roup =conomics @ Strategy ,age ** of **
ZBFH PEER GROUP STRATEGIC AWARENESS REPORT
FOR THE 3
rd
QUARTER OF 2012
PREPARED IN SEPTEMBER 2012