Harare, 22 July 2026... The People’s Own Savings Bank (POSB) today declared a record dividend of US$5,138,997 at its 12th Annual General Meeting (AGM) held at the Hyatt Regency Harare (formerly Meikles Hotel), highlighting another year of strong financial performance, strategic transformation and sustainable growth.
The dividend continues an impressive growth trajectory, rising from US$216,334 in 2022 to US$264,571 in 2023, US$589,341 in 2024, US$1.52 million in 2025, and now US$5.14 million in 2026. The steady increase demonstrates the Bank’s sustained profitability, prudent financial management and commitment to delivering long-term value to its shareholder.
Download POSB 2025 Annual Report
POSB Chief Executive Officer Mr Garainashe Changunda said the Bank’s performance was a testament to the confidence placed in POSB by its stakeholders.
“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.”
He said that despite operating in a dynamic environment, the Bank remained focused on executing its strategy and delivering sustainable value.
“While the operating environment presented both opportunities and challenges, we remained disciplined in delivering sustainable value.”
Left to right: POSB Chief Executive Officer Mr Garainashe Changunda, Mr Tapiwa Mangwana, Head of Banking and Financial Services at Mutapa Investment Fund and POSB Board Chairperson Mr Kenias Mafukidze during the symbolic handover of a US$5,1 Million dividend cheque at the Bank’s 12th Annual General Meeting held at the Hyatt Regency Harare on 22 July 2026.
The Annual Report highlights significant progress under the Bank’s transformation agenda, which continues to modernise operations, enhance customer experience and strengthen operational efficiency.
Through continued investment in Digital Banking and innovative technology, POSB is positioning itself as a future-ready financial institution capable of meeting the evolving needs of customers.
During the year under review, the Bank also expanded access to finance across key sectors of the economy. Its US$22.5 million Agriculture Facility supported food production and national food security, while funding secured from Afreximbank and the Mutapa Investment Fund (MIF) strengthened the Bank’s capacity to finance productive sectors and deepen financial inclusion.
POSB also continued investing in sustainable banking. All 32 Service Centres nationwide are powered by solar energy, while the Bank’s US$8.7 million Solar and Starlink Financing Facility continues to enable schools, households and businesses to invest in renewable energy and digital connectivity. These initiatives complement the Bank’s Corporate Social Responsibility programme and reinforce its commitment to supporting Zimbabwe’s sustainable development.
The Report also outlines the Bank’s robust Corporate Governance framework, which continues to promote transparency, accountability and responsible decision-making under the guidance of the Board Members and Executive Management.
As POSB advances its transformation journey, the Bank remains focused on strengthening customer experience, expanding its range of banking solutions and accelerating digital innovation to create sustainable value for customers, communities and the shareholder.