INNBUCKS MicroBank Limited (InnBucks) has planned a pipeline of other products and services to be rolled out as its profit after tax nearly tripled to ZiG74,55 million in its financial year ended June 30, 2025.
In the prior period, InnBucks reported a profit after tax of ZiG25,3 million.
According to InnBucks, this increase was largely driven by 196% growth in interest income, which was because of a 327% growth in loans and advances up to ZiG1,5 billion.
This growth in loans and advances led to a stronger balance sheet, with InnBucks recording total assets of ZiG2,46 billion, a near 313% increase from the prior year.
In a statement attached to its financial year results for the period ended June 30, 2025, InnBucks chief executive officer Baldwin Guchu said the institution was now seeking partnerships for the rollout of new services and products.
“As we look ahead, we plan to complete the migration of our core banking system to Mambu, which is a modern API-first platform which we expect to give the business greater flexibility and speed,” he said.
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“On the back of this, a pipeline of other products and services will also be rolled out. We will continue to explore strategic alliances to promote expansion, encourage innovation, and elevate the standard of service to our customers.”
He said InnBucks was fully positioned to continue to meaningfully participate in both retail and business banking opportunities that the operating environment presents.
“Growth will be driven through the launch of new, segment-focused products and use cases on the MicroBank’s retail digital platforms and improved access of services through increased physical distribution, particularly into informal markets,” Guchu said.
InnBucks continues to develop and enhance service offerings to its expanding customer base.
These enhancements and service offerings included the migration of the wallet system to a new, modern platform capable of scale and rapid new product development and a customer relationship management platform managed by both human and AI agents.
InnBucks Customer Contact Centre was also transitioned to a voice-over IP platform, with InnBucks launching a new “InnBucks MicroBank App” with four to five times more processing speed.
InnBucks also implemented varied merchant integrations and added billers across the country to enable greater reach and usability for the InnBucks MicroBank wallet.
Finally, InnBucks launched outbound international remittances and enhanced channels for inbound remittances too.
“The MicroBank posted a profit after tax of ZiG74,6 million for the year ended 30 June 2025 which is up 195% from the previous year. This increase was largely driven by 196% growth in interest income which was as a result of a 327% growth in loans and advances up to ZiG1,5 billion,” Innbucks chairman Ralph Watungwa said.
“While the lending growth was significant, we continue maintaining a firm credit risk management framework to ensure a sustainable quality portfolio. In addition, there was a 14,4 times growth in trading income coming off a low base to reach ZiG148,7 million.
“However, fees and commission income declined by 2% to ZiG178,7 million following the launch of the MicroBank’s subscription-based pricing model (KaOne) which is consistent with the MicroBank’s strategy of creating an affordable financial services ecosystem.”
InnBucks recorded a core capital position of ZiG306,7 million at the end of the period under review, above the current minimum regulatory requirement of ZiG134,7 million (US$5 million, USD equivalent) with a comfortable margin of safety being maintained.
“The MicroBank’s capital adequacy ratio remained strong, closing the year at 17,6% which is above the regulatory minimum threshold of 15%,” Watungwa said.
“With a liquid assets ratio of 43%, the MicroBank carried a comfortable buffer above the regulatory minimum level of 30%, representing capacity to underwrite more business.”