FBC Bank

- April 04, 2015

FBC Bank, whose full name is FBC Bank Limited, is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe, the national banking regulator.




Overview

As of June 2013, FBC Bank was a medium-sized banking institution, whose total asset valuation was estimated at US$451 million. Following the merger of the bank with FBC Building Society, a year earlier, the bank's shareholders' equity was valued at US$46 million. The bank was established in 1997.




FBC Group

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. In May 2010, FBC Holdings Limited made a rights issue stock offering for US$8 million which was 66% subscribed, raising US$5.28 million used to capitalize subsidiaries. The holding company owns the following subsidiaries:

  1. FBC Bank Limited - 100% shareholding - Merged with FBC Building Society in 2012.
  2. FBC Reinsurance Limited - 100% shareholding
  3. Eagle Insurance Limited - 72.5% shareholding
  4. FBC Securities Limited - 100% shareholding

In August 2012, the bank announced the merger of FBC Bank with FBC Building Society to meet new capital requirements by the Reserve Bank of Zimbabwe.

Businesswomen networking over a round of golf « Express & Star


Branch network

FBC Bank maintains branches at the following locations:

  1. Head Office - 45 Nelson Mandela Avenue, Harare
  2. Samoa Machel Avenue Branch - 76 Samora Machel Avenue, Harare
  3. Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue, Belvedere, Harare
  4. Msasa Branch - 104 Mutare Road, Msasa, Harare
  5. FBC Private Bank Branch - 2 Lanark Road, Belgravia, Harare
  6. Southerton Branch - 11 Highfields Junction Shops, Southerton, Harare
  7. Bulawayo Branch - 108 Jason Moyo Avenue, Bulawayo
  8. International Airport Branch - Harare International Airport
  9. Mutare Branch - 50B Herbert Chitepo Street, Mutare
  10. Zvishavane Branch - Robert Mugabe Way, Zvishavane
  11. Kwekwe Branch - Robert Mugabe Way, Kwekwe
  12. Beitbridge Branch - NSSA Complex, Beitbridge
  13. Chitungwiza Branch - 197 Tilcor Township, Seke, Chitungwiza
  14. Victoria Falls Branch - Shops 4&5 Galleria Complex, Victoria Falls
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See also

  • List of banks in Zimbabwe
  • Reserve Bank of Zimbabwe
  • Economy of Zimbabwe
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References

Bellaire/SW Houston - Stories


External links

  • Official website
  • Website of Reserve Bank of Zimbabwe
  • FBC Holdings Audited Financials For December 2012



Interesting Informations

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