Ecobank Zimbabwe Limited (EZW), is a

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

Zimbabwe file:Zimbabwe, relief map.jpg, upright=1.22, Zimbabwe, relief map Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Bots ...

. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe and a subsidiary of

Togo Togo, officially the Togolese Republic, is a country in West Africa. It is bordered by Ghana to Ghana–Togo border, the west, Benin to Benin–Togo border, the east and Burkina Faso to Burkina Faso–Togo border, the north. It is one of the le ...

-based

Ecobank Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 33 African countries. It is the leading independent regional banking group in West Africa and Central Africa, ...

. Ecobank Zimbabwe is a small financial services provider in Zimbabwe, serving large corporate clients, upscale retail customers and medium to large business enterprises. The company’s services include personal banking, business banking, global banking and agricultural finance. , the bank's shareholders' equity was estimated at US$42.8 million, and total assets were valued at US$120.2 million.

History

The bank was established in 2002 as ''Premier Finance Group'', a

merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in comm ...

. In January 2011, Ecobank Transnational acquired majority shareholding in Premier Finance Group, at a price of US$10 million. Following the change in ownership, the institution rebranded to Ecobank Zimbabwe in May 2011. It also requested and was granted permission to change its merchant banking license to a

ing license. The Reserve Bank of Zimbabwe granted EBZ a commercial banking license, effective 15 May 2012.

Ownership

Ecobank Zimbabwe is a subsidiary of Ecobank Transnational, the Pan African bank with headquarters in Lome, Togo and a presence in over 30 African countries. Other shareholders in the Zimbabwean subsidiary are shown in the table below:

Branch network

As of June 2024, the bank maintains a network of 12 operational branches, at the following locations: # Mutare Branch - 2A Fidelity Centre, Herbert Chitepo Street,

Mutare Mutare, formerly known as Umtali until 1982, is the capital and largest city in the province of Manicaland. It is the third most populated in Zimbabwe. Having surpassed Gweru in the 2012 census, with an urban area, urban population of 224,802 ...

# Borrowdale Branch & Head Office - Block A, Sam Levy’s Office Park, 2 Piers Road,

Borrowdale Borrowdale is a valley and civil parish in the English Lake District in Cumberland (unitary authority), Cumberland, England. It is in the ceremonial county of Cumbria, and is sometimes referred to as ''Cumberland Borrowdale'' to distinguis ...

Harare Harare ( ), formerly Salisbury, is the Capital city, capital and largest city of Zimbabwe. The city proper has an area of , a population of 1,849,600 as of the 2022 Zimbabwe census, 2022 census and an estimated 2,487,209 people in its metrop ...

# Samora Machel Branch - 137 Samora Machel Avenue,

# Msasa Branch - Shop 3, The Collonade, 70 Mutare Road, Msasa,

# Southerton Branch - Highfield Junction, Corner Paisley Rd/Highfield Rd, Southerton,

# Graniteside Branch - 106 Seke Road Graniteside,

# Nelson Mandela Branch - 35 Nelson Mandela Avenue,

# Bindura Branch - 57 Robert Mugabe Street,

# Kwekwe Branch - Beverly House, Groundfloor, Robert Mugabe way,

Kwekwe Kwekwe ( ), formerly known as Que Que, is a city in the Midlands province in 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-mo ...

# Gweru Branch - 6th Street,

Gweru Gweru, originally known as Gwelo, is a city in central Zimbabwe. 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 became the site of a m ...

# Bradfield Branch - Stand 16433, Shops 3&4, Zonkizizwe Shopping Centre, Hillside Road, Bradfield,

Bulawayo 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 claimed it to be about ...

# Parkade Centre Branch - 5 Parkade Centre, Fife Street at 9th Avenue,

References

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External links

Website of Ecobank Zimbabwe

Banks of Zimbabwe Banks established in 2002 2002 establishments in Zimbabwe Companies based in Harare Zimbabwean companies established in 2002

History

Ownership

Branch network

See also

References

External links