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NMB Bank Ltd; Stanbic Bank Zimbabwe Ltd, part of Standard Bank Group; Standard Chartered Bank Zimbabwe Ltd, part of Standard Chartered Group; Steward Bank Ltd; ZB Bank Ltd (Zimbank) Central Africa Building Society (CABS), part of Old Mutual Group; FBC Building Society, part of the FBC Group; National Building Society, state-owned; People's Own ...
The bank was founded in 1996 as Trust Merchant Bank. It transformed its banking licence to commercial banking licence in 2000, paving the way for its transition to Trust Banking Corporation. The bank grew rapidly, and by 2003, it had become the largest bank in Zimbabwe by balance sheet size. However, its growth came with several problems.
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
SBK was then renamed CfC Stanbic Bank Limited and retained its banking licence. The banking licence for CfC was returned to the Central Bank of Kenya to allow it to operate purely as a listed non-operating holding company, renamed CfC Stanbic Holdings Limited. The merger process was completed by 1 June 2008. [18]
CFX Bank, formerly CFX Bank [116] Ecobank Zimbabwe [117] FBC Bank; Genesis Investment Bank [118] Metropolitan Bank of Zimbabwe; NBS Bank; NED Bank [119] NMB Bank; Peoples Own Savings Bank; Stanbic Bank; Standard Chartered Bank (Zimbabwe) Steward Bank; Zb Bank
Standard Chartered Bank Zimbabwe is the oldest financial institution in Zimbabwe, having been established as Standard Bank in 1892. The current bank was created when Standard Bank merged with Chartered Bank in 1969. [4] According to the bank's website, Stanchart Zimbabwe served in excess of 90,000 account holders, as of May 2018. [5]
ZimSwitch is the sole national electronic funds switch for Zimbabwe. The company processes domestic card-based ATM and POS transactions between member financial institutions in real time online. ZimSwitch has recently enabled its member banks to process person-to-person payments through the switch using a variety of delivery channels, including ...
[11] [13] In 2017 the bank was awarded a bancassurance licence from the Insurance Regulatory Authority, authorizing Stanbic Bank to sell insurance products to its customers and the public. [14] In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 ...