First Capital Bank Zimbabwe Limited, formerly known as Barclays Bank of Zimbabwe, 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 ...

, licensed by the

Reserve Bank of Zimbabwe The Reserve Bank of Zimbabwe ( RBZ) is the central bank of Zimbabwe and is headquartered in the country’s capital Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Ba ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

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, based in

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

with other subsidiaries in

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

Malawi Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south, and southwest. Malawi spans over and ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

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 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 ...

, 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 conglomerate, with subsidiaries in several

Southern Africa Southern Africa is the southernmost region of Africa. No definition is agreed upon, but some groupings include the United Nations geoscheme for Africa, United Nations geoscheme, the intergovernmental Southern African Development Community, and ...

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

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

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. The ...

. 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 PLC (, occasionally ) 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 ...

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 Northwestern Europe, off the coast of European mainland, the 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 the S ...

# Belmont Branch: 16 Plumtree Road, Belmont,

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 ...

# Bindura Branch: 25 Main Street,

Bindura Bindura is a city 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 city had a population of 18,243. This rose to 21, ...

# Borrowdale Branch: TM Supermarket Complex, Borrowdale 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 ...

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

Chinhoyi Chinhoyi, previously known as Sinoia during the colonial era, 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 ...

# 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, 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 ...

# Harare Street Branch: 118 Harare Street,

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

# Main Street Branch: 100 Main Street,

# Marondera Branch: Hotel Street at The Green,

Marondera Marondera, originally known as Marandellas, is a capital city of Mashonaland East, Zimbabwe, located about east of Harare. History It was first known as Marandella's Kraal, corrupted from Marondera, chief of the ruling VaRozvi people who li ...

# Masvingo Branch: Robert Mugabe Street at Takawira Avenue,

Masvingo Masvingo, known as Fort Victoria during the colonial period, is a city in southeastern Zimbabwe and the capital of Masvingo Province. The city lies close to Great Zimbabwe, the national monument from which the country takes its name and clos ...

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

# 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