FMBcapital Holdings Plc (FMBCH), the financial services group operating as First Capital Bank across Botswana, Malawi, Mozambique, Zambia and Zimbabwe, has reported robust financial results for the six months ended 30 June 2025. The Group’s performance reflects continued strategic momentum and operational resilience, underpinned by its long-standing commitment to people-driven growth.
“Our performance this half-year is a testament to the strength of our people and the culture we’ve built over three decades,” said Jaco Viljoen, Chief Executive Officer of FMBcapital Holdings. “We’ve consistently invested in leadership, technical capability and a values-led culture that empowers our teams to deliver with purpose.”

The Group reported a 38% increase in total operating income, reaching USD 176 million. Customer deposits rose by 40%, surpassing USD 1.7 billion, with strong inflows into current and savings accounts. Loans and advances to customers grew by 19%, closing at USD 866 million. These indicators reflect the Group’s ability to expand its asset base while maintaining liquidity strength and disciplined risk management.

FMBCH continues to place its people at the heart of the business. With over 2,000 employees across its subsidiaries, the Group fosters a diverse, inclusive, and multi-generational workforce. Internal promotions, a strong pipeline of emerging leaders, and active graduate trainee programmes highlight its commitment to developing talent from within.
A central part of this strategy is the FCB Learning Academy (First Connect). “Through digital learning, technical curricula and leadership programmes, First Connect equips employees to thrive and contribute meaningfully in a rapidly evolving banking environment,” says Joanne Liddle, Group Head of Human Resources.

In Mozambique, CEO João Rodrigues highlighted that the Group’s 30 years of growth coincide with a significant milestone: the laying of the foundation stone for the future headquarters of First Capital Bank Mozambique, a strategic step that symbolizes the long-term commitment of the Bank and FMBcapital Holdings to the country, reinforcing the consolidation of its presence and the modernization of its operations. Recently, the Bank was recognized by Global Brands Magazine with the award “Most Innovative Trade Finance Solutions Provider, Mozambique 2025,” underscoring innovation and excellence in the services provided.

João Rodrigues further emphasized the role of people, noting that more than 30% of employees began as interns and that the success rate in integrating these programmes exceeds 50%, demonstrating the continuous investment in local talent. These local milestones concretely demonstrate the strength of the Group’s global strategy and the reason why positive results remain a consistent achievement.
In line with these results and milestones, Jaco Viljoen added: “Our people strategy is built on belief, in potential, in progress and in the power of shared purpose. Our employees don’t just support the business, they drive it. By investing in our people, we are building a resilient, agile organization that grows with its people, exactly as we’ve done for the past 30 years.”