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, the capital and largest city of Zimbabwe.[4] 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).[5]
OverviewEdit
As of December 2017[update], 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.[1] 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.[6]
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:[4]
FBC Holdings Limited Subsidiaries
Rank
Name of Subsidiary
Asset Value
Core Capital
Notes
1
FBC Bank Limited
US$558.1 million
US$75.2 million
Commercial Bank
2
FBC Building Society
US$129.9 million
US$47.4 million
Building Society
3
Microplan Financial Services Limited
US$19.8 million
US$9.5 million
Microfinance Institution
4
FBC Securities Limited
Brokerage Services
5
FBC Reinsurance Limited
Reinsurance
Total
US$712.4 million
US$144.2 million
HistoryEdit
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.[4]
Ownership structureEdit
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.[7]
^ abFBC Holdings (28 March 2018). "FBC Holdings Limited: Audited Financial Results For The Year Ended 31 December 2017" (PDF). Harare: FBC Holdings Limited. Retrieved 14 May 2018.
^Reserve Bank of Zimbabwe (14 May 2018). "List of Registered Banking Institutions". Harare: Reserve Bank of Zimbabwe. Retrieved 14 May 2018.
^ abcReserve Bank of Zimbabwe (14 May 2018). "Profile of FBC Bank Limited". Harare: Reserve Bank of Zimbabwe. Retrieved 14 May 2018.
^Google (4 May 2018). "Location of the Headquarters of FBC Bank Limited" (Map). Google Maps. Google. Retrieved 4 May 2018.
^Mullan, Laura. "How FBC Bank is disrupting the Zimbabwean banking sector with technological ingenuity". Gigabit Magazine. San Diego.
^FBC Holdings (7 June 2017). "FBC Holdings Limited: Annual Report for the Year Ended 31 December 2016" (PDF). Harare: FBC Holdings Limited. Retrieved 15 May 2018.
^Administrator (8 September 2010). "FBC Bank opens Msasa Branch – Another Milestone". Harare: Africa Business Communities Quoting Africa Banking Network. Retrieved 14 May 2018.
External linksEdit
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.
August 29, 2023
bank, whose, full, name, limited, commercial, zimbabwe, licensed, reserve, bank, zimbabwe, central, bank, national, banking, regulator, limitedtypepublic, companytraded, aszse, zwindustryfinancial, servicesfoundedaugust, 1997, years, 1997, headquartersharare, . FBC Bank whose full name is FBC Bank Limited is a commercial in Zimbabwe It is licensed by the Reserve Bank of Zimbabwe the central bank and national banking regulator 3 FBC Bank LimitedTypePublic CompanyTraded asZSE FBC ZWIndustryFinancial servicesFoundedAugust 1997 26 years ago 1997 08 HeadquartersHarare ZimbabweKey peopleMorgan NzwereChairmanWebster RusereManaging DirectorProductsBanking Insurance Investments MortgagesRevenue Pretax ZWL 2 7 b 2021 1 Number of employees519 2022 Websitewww wbr fbc wbr co wbr zwFootnotes references 2 Contents 1 Location 2 Overview 3 History 4 Ownership structure 5 Branch network 6 See also 7 References 8 External linksLocation EditThe main branch and headquarters of the bank are located on the 6th Floor of the FBC Centre at 45 Nelson Mandela Avenue in Harare the capital and largest city of Zimbabwe 4 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 5 Overview EditAs of December 2017 update 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 1 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 6 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 4 FBC Holdings Limited Subsidiaries Rank Name of Subsidiary Asset Value Core Capital Notes1 FBC Bank Limited US 558 1 million US 75 2 million Commercial Bank2 FBC Building Society US 129 9 million US 47 4 million Building Society3 Microplan Financial Services Limited US 19 8 million US 9 5 million Microfinance Institution4 FBC Securities Limited Brokerage Services5 FBC Reinsurance Limited ReinsuranceTotal US 712 4 million US 144 2 millionHistory EditThe 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 4 Ownership structure EditThe 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 7 Shareholding in FBC Holdings LimitedRank Shareholder Percentage Ownership1 National Pension Scheme of Zimbabwe 35 132 Shorecap II Limited NNR 7 313 Stanbic Nominees NNR 5 214 Tirent Investments Private Limited 4 735 Cashgrant Investments Private Limited 4 116 Local Authorities Pension Fund 3 327 Stanbic Nominees Private Limited 3 248 FBC Holdings Limited 3 179 SCB Nominees 1 7510 Vidryl International Private Limited 1 7011 Others 30 33Total 100 00Branch network Edit FBC Bank maintains branches at the following locations Head Office 45 Nelson Mandela Avenue Harare Samora Machel Avenue Branch 76 Samora Machel Avenue Harare Nelson Mandela Avenue Branch 34 Nelson Mandela Avenue Belvedere Harare Msasa Branch 104 Mutare Road Msasa Industrial Area Harare 8 FBC Private Bank Branch 2 Lanark Road Belgravia Harare Southerton Branch 11 Highfields Junction Shops Southerton Harare Bulawayo Branch 108 Jason Moyo Avenue Bulawayo International Airport Branch Harare International Airport Mutare Branch 50B Herbert Chitepo Street Mutare Zvishavane Branch Robert Mugabe Way Zvishavane Kwekwe Branch Robert Mugabe Way Kwekwe Beitbridge Branch NSSA Complex Beitbridge Chitungwiza Branch 197 Tilcor Township Seke Chitungwiza Victoria Falls Branch Shops 4 amp 5 Galleria Complex Victoria Falls Bulawayo Private Bank Branch 2nd Floor FBC House 108 Jason Moyo Avenue Bulawayo Graniteside Branch 1 Crawford Graniteside Off Seke Road HarareSee also Edit List of banks in Zimbabwe Reserve Bank of Zimbabwe Economy of ZimbabweReferences Edit a b FBC Holdings 28 March 2018 FBC Holdings Limited Audited Financial Results For The Year Ended 31 December 2017 PDF Harare FBC Holdings Limited Retrieved 14 May 2018 FBC Holdings Profile Wealth Hub 7 August 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link Reserve Bank of Zimbabwe 14 May 2018 List of Registered Banking Institutions Harare Reserve Bank of Zimbabwe Retrieved 14 May 2018 a b c Reserve Bank of Zimbabwe 14 May 2018 Profile of FBC Bank Limited Harare Reserve Bank of Zimbabwe Retrieved 14 May 2018 Google 4 May 2018 Location of the Headquarters of FBC Bank Limited Map Google Maps Google Retrieved 4 May 2018 Mullan Laura How FBC Bank is disrupting the Zimbabwean banking sector with technological ingenuity Gigabit Magazine San Diego FBC Holdings 7 June 2017 FBC Holdings Limited Annual Report for the Year Ended 31 December 2016 PDF Harare FBC Holdings Limited Retrieved 15 May 2018 Administrator 8 September 2010 FBC Bank opens Msasa Branch Another Milestone Harare Africa Business Communities Quoting Africa Banking Network Retrieved 14 May 2018 External links Edit 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 Retrieved from https en wikipedia org w index php title FBC Bank amp oldid 1171503406, wikipedia, wiki, book, books, library,
