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 ...

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 ...

. 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 central b ...

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 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 metropolitan ...

, the capital 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 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 ...

, 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,

# Samora Machel Avenue Branch - 76 Samora Machel Avenue,

# Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue,

Belvedere, Harare Belvedere is a suburb of Harare, the capital city and the largest metropolitan area of Zimbabwe. Though historically home to a notable Indian population since 2012 Belvedere has become known for its growing Chinese population, due to the const ...

# Msasa Branch - 104 Mutare Road, Msasa Industrial Area,

# 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 dang ...

# Southerton Branch - 11 Highfields Junction Shops, Southerton,

# 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 # Zvishavane Branch - Robert Mugabe Way,

Zvishavane Zvishavane (known until 1982 as Shabani) is a mining town in Midlands Province, Zimbabwe. Surrounded by low hills, it lies west of Masvingo, on the main Bulawayo-Masvingo road. Other roads lead from Zvishavane to Gweru, north, and Mberengwa, ...

# 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 # Chitungwiza Branch - 197 Tilcor Township, Seke, Chitungwiza # Victoria Falls Branch - Shops 4&5 Galleria Complex,

Victoria Falls Victoria Falls ( Lozi: ''Mosi-oa-Tunya'', "The Smoke That Thunders"; Tonga: ''Shungu Namutitima'', "Boiling Water") is a waterfall on the Zambezi River in southern Africa, which provides habitat for several unique species of plants and anim ...

# Bulawayo Private Bank Branch - 2nd Floor, FBC House, 108 Jason Moyo Avenue,

# Graniteside Branch - 1 Crawford Graniteside Off Seke Road

References

{{Reflist

External links

Website of FBC Bank Limited

FBC Bank opens SME Departments

How FBC bank is disrupting the Zimbabwean banking sector with technological ingenuity
As of 5 April 2018. Banks of Zimbabwe Banks established in 1997 Companies based in Harare 1997 establishments in Zimbabwe