First Capital Bank Zimbabwe Limited, formerly known as Barclays Bank of Zimbabwe, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Zimbabwe Zimbabwe (), officially the Republic of Zimbabwe, is a landlocked country located in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Botswana to the south-west, Zambia to the north, and Mozam ...

, licensed by the

Reserve Bank of Zimbabwe The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in the capital city Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

and national banking regulator. The bank is a subsidiary of

FMBCapital Holdings Plc FMBCapital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimba ...

, a financial services

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** C ...

, based in

Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...

with other subsidiaries in

Botswana Botswana (, ), officially the Republic of Botswana ( tn, Lefatshe la Botswana, label= Setswana, ), is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory being the Kal ...

Malawi Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northe ...

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Mala ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are ...

Location

The headquarters and main branch of the bank are located in Barclay House, at the corner of Jason Moyo Street and First Street, in downtown

Harare Harare (; formerly Salisbury ) is the Capital city, capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its ...

, the largest city and capital of Zimbabwe. The geographical coordinates of the headquarters of First Capital Bank Zimbabwe are:17°49'50.0"S 31°02'59.0"E (Latitude:-17.830556; Longitude:31.049722).

Overview

The bank is a large financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. , its total asset base was valued at US$698,744,000, with shareholders' equity of US$116,503,000.

History

Barclays Bank Zimbabwe (BBZ) was established in 1912, and it operated continuously until 2018. As of October 2017, BBZ employed in excess of 700 permanent staff, in a commercial banking network of 26 branches in all large urban areas in the country. In October 2017, it was announced that First Merchant Bank Malawi had purchased a controlling interest in BBZ, for an undisclosed consideration. Under the terms of the sale, the bank was given permission to continue the use of the Barclays name for up to three years, before rebranding. During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the bank. In October 2018, the bank rebranded from Barclays Bank of Zimbabwe to First Capital Bank Zimbabwe Limited, to reflect its current shareholding. In March 2019, the bank migrated from the Barclays banking system to a new IT banking system.

Ownership

First Capital Bank Zimbabwe Limited (FCBZL), is a subsidiary of FMB Capital Holdings Plc, a Mauritius-based financial services

, with subsidiaries in several

Southern Africa Southern Africa is the southernmost subregion of the African continent, south of the Congo and Tanzania. The physical location is the large part of Africa to the south of the extensive Congo River basin. Southern Africa is home to a number ...

n countries, including Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. The shares of

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of FCBZL are listed on the

Zimbabwe Stock Exchange The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. Its history dates back to 1896 but has only been open to foreign investment since 1993. The exchange has about a dozen members, and currently lists 63 equities. Th ...

. The major shareholders in the bank are depicted in the table below, as of October 2017. {, style="font-size:100%;" , - , width="100%" align="center" , Barclays Bank of Zimbabwe Stock Ownership , - valign="top" , {, class="wikitable sortable" style="margin-left:auto;margin-right:auto" ! style="width:2em;" , Rank !! Name of owner !! Percentage ownership , - , 1, , FMB Capital Holdings Plc of

, , 42.0 , - , 2, , Private and institutional investors, , 33.0 , - , 3, , BBZ Employee Share Ownership Trust , , 15.0 , - , 4, ,

Barclays Bank Plc Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

of the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

, , 10.0 , - , , , Total, , 100.00 , -

Branches

, First Capital Bank Zimbabwe Limited maintained a network of branches at the following locations. # Agribusiness Branch: 2 Premium Close, Mt Pleasant,

# Avondale Branch: King George Road, Avondale,

# Beitbridge Branch: 348 Justia Road,

Beitbridge Beitbridge is a border town in the province of Matabeleland South, Zimbabwe. The name also refers to the border post and bridge spanning the Limpopo River, which forms the political border between South Africa and Zimbabwe. The border on ...

# Belmont Branch: 16 Plumtree Road, Belmont,

Bulawayo Bulawayo (, ; Ndebele: ''Bulawayo'') is the second largest city in Zimbabwe, and the largest city in the country's Matabeleland region. The city's population is disputed; the 2022 census listed it at 665,940, while the Bulawayo City Council ...

# Bindura Branch: 25 Main Street,

Bindura Bindura is a town in the province of Mashonaland Central province, Zimbabwe. It is located in the Mazowe Valley about 88 km north-east of Harare. According to the 1982 Population Census, the town had a population of 18,243. This rose to 21,16 ...

# Borrowdale Branch: TM Supermarket Complex, Borrowdale Road,

Borrowdale Borrowdale is a valley and civil parish in the English Lake District in the Borough of Allerdale in Cumbria, England. It lies within the historic county boundaries of Cumberland. It is sometimes referred to as ''Cumberland Borrowdale'' ...

# Bulawayo Affluent Centre: 97A Robert Mugabe Way, Bulawayo # Chinhoyi Branch: 5308 Magamba Way,

Chinhoyi Chinhoyi, known until 1982 as Sinoia, is a city in central northern Zimbabwe in the Makonde District. It has a population of 90,800 and is primarily a college town, although it was originally founded as an Italian group settlement scheme. The ...

# Chiredzi Branch: 57 Chilonga Drive,

Chiredzi Chiredzi is a town in Masvingo province in south-east Zimbabwe. It is located near the Runde River, which has a tributary called the ' Chiredzi'. As the administrative center for Chiredzi District, it is where both the rural and district coun ...

# Corporate Banking Centre: Birmingham Road at Paisley Road, Southerton,

# First Street Branch: Barclay House, Jason Moyo Street at First Street,

Main Branch # Gokwe Branch: Stand 972 Gokwe Growth Point, Gokwe # Gweru Branch: Main Street at Robert Mugabe Way,

Gweru Gweru is a city in central Zimbabwe. Near the geographical centre of the country. It is on the centre of Midlands Province. Originally an area known to the Ndebele as "The Steep Place" because of the Gweru River's high banks, in 1894 it be ...

# Harare Street Branch: 118 Harare Street,

# Kadoma Branch: Stand 156, Herbert Chitepo Road, Kadoma # Kwekwe Branch: 32 North Mandela Way,

Kwekwe Kwekwe ( ), known until 1983 as Que Que, is a city in the Midlands province of central Zimbabwe. The city has a population of 119,863 within the city limits, as of the 2022 census, making it the 7th-largest city in Zimbabwe and the second-most p ...

# Main Street Branch: 100 Main Street,

# Marondera Branch: Hotel Street at The Green,

Marondera Marondera (known as Marandellas until 1982) is a city in Mashonaland East, Zimbabwe, located about 72 km east of Harare. History It was first known as Marandella's Kraal, corrupted from Marondera, chief of the ruling VaRozvi people who ...

# Masvingo Branch: Robert Mugabe Street at Takawira Avenue,

Masvingo Masvingo is a city in south-eastern Zimbabwe and the capital of Masvingo Province. The city is situated close to Great Zimbabwe, the national monument from which the country takes its name and close to Lake Mutirikwi, its recreational park, th ...

# Msasa Branch: 120–121 Mutare Road, Msasa, Harare # Mutare Branch: 90 H. Chitepo Street,

Mutare Mutare (formerly Umtali) is the most populous city in the province of Manicaland, and the third most populous city in Zimbabwe, having surpassed Gweru in the 2012 census, with an urban population of 224,802 and approximately 260,567 in the s ...

# Pearl House Branch: First Street at Samora Machel Avenue,

References

External links

Website of First Capital Bank Zimbabwe Limited

Website of the Reserve Bank of Zimbabwe
{{Coord, 17, 49, 50, S, 31, 02, 59, E, display=title Banks of Zimbabwe Banks established in 1912 Companies based in Harare FMBCapital Holdings Plc Companies listed on the Zimbabwe Stock Exchange 1912 establishments in Southern Rhodesia