FBC Bank , whose full name is FBC Bank Limited, is a
commercial
Commercial may refer to:
* a dose of advertising conveyed through media (such as - for example - radio or television)
** Radio advertisement
** Television advertisement
* (adjective for:) commerce, a system of voluntary exchange of products and s ...
in
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 ...
. It is 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.
Location
The main branch and headquarters of the bank are located on the 6th Floor of the FBC Centre, at 45 Nelson Mandela Avenue, in
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
capital
Capital may refer to:
Common uses
* Capital city, a municipality of primary status
** List of national capital cities
* Capital letter, an upper-case letter Economics and social sciences
* Capital (economics), the durable produced goods used fo ...
and largest city of Zimbabwe.
The geographical coordinates of this bank's headquarters are: 17°49'46.7"S,
31°02'46.7"E (Latitude:-17.829639; Longitude:31.046306).
Overview
, FBC Bank was a medium-sized banking institution, whose total asset valuation was US$558.1 million, and shareholder's equity of US$77.9 million.
The bank is very active in the digital and mobile banking arena. This has become very pertinent in the current environment, where the country has adopted a multi-currency system; using the South African Rand, the US dollar, Euro and others.
FBC Bank is a 100% subsidiary of ''First Banking Corporation Holdings Limited'', commonly known as ''FBC Holdings Limited'', a publicly traded financial services company whose shares are listed on the
Zimbabwe Stock Exchange, under the symbol: FBCH. The holding company owns subsidiaries, as depicted in the table below:
History
The bank was established as First Banking Corporation Limited, in 1997. In 2004, the bank was wholly acquired by FBC Holdings Limited, a diversified financial services conglomerate involved in banking, insurance, brokerage, advisory and asset management. Following the acquisition, the bank rebranded to FBC Bank Limited.
Ownership structure
The bank is a 100 percent subsidiary of FBC Holdings Limited. The investors in FBC Holdings were as listed in the table below, as of 31 December 2016.
{, style="font-size:100%;"
, -
, width="100%" align="center" , Shareholding in FBC Holdings Limited
, - valign="top"
,
{, class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" , Rank !! Shareholder !!Percentage Ownership
, -
, 1, , National Pension Scheme of Zimbabwe , , 35.13
, -
, 2, , Shorecap II Limited–NNR, , 7.31
, -
, 3, , Stanbic Nominees–NNR, , 5.21
, -
, 4, , Tirent Investments Private Limited, , 4.73
, -
, 5, , Cashgrant Investments Private Limited, , 4.11
, -
, 6, , Local Authorities Pension Fund , , 3.32
, -
, 7, ,
Stanbic Nominees Private Limited, , 3.24
, -
, 8, , FBC Holdings Limited , , 3.17
, -
, 9, , SCB Nominees, , 1.75
, -
, 10, , Vidryl International Private Limited, , 1.70
, -
, 11, , Others , , 30.33
, -
, , Total, , , , 100.00
, -
Branch network
FBC Bank maintains branches at the following locations:
# Head Office - 45 Nelson Mandela Avenue,
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 ...
# Samora Machel Avenue Branch - 76 Samora Machel Avenue,
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 ...
# Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue,
Belvedere, Harare
# Msasa Branch - 104 Mutare Road, Msasa Industrial Area,
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 ...
# FBC Private Bank Branch - 2 Lanark Road,
Belgravia
Belgravia () is a district in Central London, covering parts of the areas of both the City of Westminster and the Royal Borough of Kensington and Chelsea.
Belgravia was known as the 'Five Fields' during the Tudor Period, and became a dange ...
,
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 ...
# Southerton Branch - 11 Highfields Junction Shops, Southerton,
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 ...
# Bulawayo Branch - 108 Jason Moyo Avenue,
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 ...
# International Airport Branch -
Harare International Airport
Robert Gabriel Mugabe International Airport , (known colloquially as "RGM", or Mugabe Airport) formerly known as the ''Harare International Airport'', is an international airport in Harare, Zimbabwe. It is the largest airport in the country and ...
# Mutare Branch - 50B Herbert 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 ...
# Zvishavane Branch - Robert Mugabe Way,
Zvishavane
# Kwekwe Branch - Robert Mugabe 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 ...
# Beitbridge Branch - NSSA Complex,
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 ...
# Chitungwiza Branch - 197 Tilcor Township, Seke,
Chitungwiza
Chitungwiza is an urban centre and town of Harare Province in Zimbabwe.
History
As of the 2022 census, Chitungwiza had a population of 371,244.
There are two main highways which connect the city to Harare namely Seke road and Chitungwiz ...
# Victoria Falls Branch - Shops 4&5 Galleria Complex,
Victoria Falls
Victoria Falls (Lozi language, Lozi: ''Mosi-oa-Tunya'', "The Smoke That Thunders"; Tonga language (Zambia and Zimbabwe), Tonga: ''Shungu Namutitima'', "Boiling Water") is a waterfall on the Zambezi River in southern Africa, which provides hab ...
# Bulawayo Private Bank Branch - 2nd Floor, FBC House, 108 Jason Moyo Avenue,
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 ...
# Graniteside Branch - 1 Crawford Graniteside Off Seke Road
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 ...
See also
*
List of banks in Zimbabwe
This is a list of "Operating Banking Institutions" in Zimbabwe.
# Agricultural Development Bank of Zimbabwe
# BancABC Zimbabwe
# CABS
# CBZ Bank Limited
# First Capital Bank Limited
# Ecobank Zimbabwe Limited
# FBC Bank Limited
# Nedbank ...
*
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 ...
*
Economy of Zimbabwe
The economy of Zimbabwe mainly relies on the tertiary sector of the economy, also known as the service sector of the economy, which makes up to 60% of total GDP as of 2017. Zimbabwe has the second biggest Informal economy in the world as a perc ...
References
{{Reflist
External links
Website of FBC Bank LimitedFBC Bank opens SME DepartmentsHow FBC bank is disrupting the Zimbabwean banking sector with technological ingenuityAs of 5 April 2018.
Banks of Zimbabwe
Banks established in 1997
Companies based in Harare
1997 establishments in Zimbabwe