A Bird in the Hand is Worth Two in the Bush

The journey is never ending. There’s always going to be growth, improvement, adversity; you just have to take it all in and do what’s right, continue to grow, continue to live in the moment. – Antonio Brown

The above statement speaks to us a Society and the road we have walked to be where we are today. On the 26th Of October we reached a milestone as we had our first dividend declaration.

This dividend which represents a pay-out ratio of 30% is being declared on the basis of solid financial performance to 30 June 2021, which has seen the Society achieve a surplus of ZWL$90.2 million and balance sheet growth of 125% to close at ZWL2.4billion.  This momentous milestone event has been reached within five years of operation and is a testimony of the solid growth path that your Society has taken within its relatively short period of existence. 

As we look down memory lane, naturally, we have had some teething problems.  But, with the great stewardship of our shareholder and a dedicated workforce, we have managed to sail through the tide, against all odds. The dividend payment demonstrates the Society’s undertaking to maintain good corporate governance and sustained existence into the long-term.

The strategic refocus that NBS has made in its business model over the past year is bearing fruit as we strive to create a compelling investment proposition for NSSA and key stakeholders.  We have made deliberate efforts to progress gradually and surely with what we have rather than risking the loss of everything for quick gains.  Hence, a bird in the hand is worth two in the bush.

To date NBS has provided 636 housing units across the breadth of Zimbabwe.  During construction of the houses, massive employment opportunities have been created, thus contributing to economic growth.  The Society remains laser-focused on delivering four key projects namely, Dzivarasekwa Housing Project (Harare), Newmara (Mutare), Brundish (Chinhoyi) and Glaudina (Harare) within the coming year. In addition, the mortgages scheme project at Knockmalloch will be delivered and a total of 51 units will be completed.

With NBS there are no impossibilities but always a way to make things happen.  We are in pursuit of building communities and with us it will always end with a home.

The future in banking is here and its NBS- so Switch To NBS Today!!