Central Africa Building Society (Jul 2023)

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Filename CABS-Public-Credit-Report-Jul-2023.pdf
Filesize 216.16 KB
Version paid report
Date added December 7, 2023
Category Credit Rating Reports, Financial Institution
Tags Zimbabwe

Central Africa Building Society (CABS, Society) is a wholly owned subsidiary of Old Mutual Zimbabwe Limited (OMZIL or the group), and is a material asset and revenue contributor, representing 32.3% of assets and 48.7% of revenue of the parent as at 31 December 2022. As a result, the analysis was based on a mixture of the bank’s standalone credit analysis and group support characteristics; materiality, track-record, and integration factors of the group.