The headquarters of this bank and its main branch, are located on the First Floor of Unity Court, at the corner of Kwame Nkrumah Avenue and First Street, in Harare, the capital and largest city of Zimbabwe.[2] The geographical coordinates of the headquarters of NMB Bank Limited are:17°49'40.0"S, 31°02'56.0"E (Latitude:-17.827778; Longitude:31.048889).[4]
Overviewedit
The bank is a medium-sized financial services institution, that serves large corporations, small to medium enterprises (SMEs), as well as individuals. As of December 2017[update], the bank's total assets were valued at US$422.6 million, with shareholders' equity valued at US$65.65 million.[1]
Historyedit
NMB Bank Limited was founded in 1993 by Zimbweans. At that time it was under the name National Merchant Bank of Zimbabwe. In June 1993, the bank was registered as an accepting house under the Banking Act. In 1997, the NMBZ Group was listed on the Zimbabwe Stock Exchange and simultaneously on the London Stock Exchange. In December 1999, NMB Bank was granted a commercial banking licence. It commenced commercial banking services in July 2000.[2][5][6]
In 2013, FMO, Norfund and AfricInvest, jointly invested US$14.8 million in NMB Holdings Limited, the parent company of NMB Bank, for a collective shareholding of 27 percent.[7]
Ownershipedit
The bank is a 100% subsidiary of NMBZ Holdings Limited (NMBZ), a Zimbabwean investment and holding company. NMB Bank Limited is the principal subsidiary of NMBZ. The stock of the holding company is listed on the Zimbabwe Stock Exchange and on the London Stock Exchange. As of December 2017, the shareholding in the stock of the holding company is as illustrated in the table below:[1]
Shareholding in NMB Holdings Limited
Rank
Shareholder
Percentage Ownership
1
African Century Financial Investments Limited
18.50
2
Arise BV*
17.96
3
AfricInvest Financial Sector Holding
8.38
4
Old Mutual Life Assurance Company of Zimbabwe Limited
7.45
5
Old Mutual Zimbabwe Limited
6.90
6
Lalibela Limited
5.59
7
Alsace Trust
4.39
8
Cornerstone Trust
4.38
9
Wamambo Investments Trust
3.52
10
Drakmore Investments Private Limited
2.85
6
Others
19.49
Total
100.00
Note:Arise BV is a special purpose vehicle company, formed in 2016 and co-owned by Norfund, FMO and Rabobank. Arise invests in African financial institutions.[8]
Branch networkedit
As of December 2017[update], the bank maintained a network of 14 branches.[1]
^ abcdeNMB Holdings Limited (14 March 2018). "NMB Holdings Limited Audited Annual Report for the Year Ended 31 December 2017". Harare: NMB Holdings Limited. Retrieved 15 May 2018.
^ abcReserve Bank of Zimbabwe (9 May 2018). "Profile of NMB Bank Limited". Harare: Reserve Bank of Zimbabwe. Retrieved 15 May 2018.
^Reserve Bank of Zimbabwe (15 May 2018). "List of Registered Banking Institutions". Harare: Reserve Bank of Zimbabwe. Retrieved 15 May 2018.
^Google (15 May 2018). "Location of the headquarters of NMB Bank Limited, Kwame Nkrumah Road, Harare" (Map). Google Maps. Google. Retrieved 15 May 2018.
^NMB Bank Limited (15 May 2018). "About NMB Bank Limited". Harare: NMB Bank Limited. Retrieved 15 May 2018.
^Omen Muza (20 June 2013). "NMB Bank Limited @20". Newsday. Harare. Retrieved 15 May 2018.
^Financial Gazette Reporter (11 April 2013). "Zimbabwe: NMB Meets June 2013 Capital". The Financial Gazette. Harare. Retrieved 15 May 2018.
^Staff Writer (14 February 2017). "Europe's Arise BV hits ground running with CAL Bank acquisition". Asokoinsight.com. Retrieved 15 May 2018.
January 01, 1970
bank, limited, confused, with, bank, nepal, national, microfinance, bank, tanzania, previously, known, national, merchant, bank, zimbabwe, limited, commercial, bank, zimbabwe, licensed, reserve, bank, zimbabwe, central, bank, that, country, national, banking, . Not to be confused with NMB Bank Nepal or National Microfinance Bank in Tanzania NMB Bank Limited previously known as National Merchant Bank of Zimbabwe Limited is a commercial bank in Zimbabwe It is licensed by the Reserve Bank of Zimbabwe the central bank of that country and the national banking regulator 3 NMB Bank LimitedCompany typePrivateTraded asLSE NMBIndustryFinancial servicesFounded1993 31 years ago 1993 HeadquartersHarare ZimbabweKey peopleBenedict A ChikwanhaChairman Benefit Peter Washaya Chief Executive OfficerProductsLoans Savings Checking Investments Debit Cards Credit Cards MortgagesRevenueAftertax US 10 3 million 2017 1 Total assetsUS 422 6 million 2017 1 Number of employees346 2018 2 WebsiteHomepage Contents 1 Location 2 Overview 3 History 4 Ownership 5 Branch network 6 See also 7 ReferencesLocation editThe headquarters of this bank and its main branch are located on the First Floor of Unity Court at the corner of Kwame Nkrumah Avenue and First Street in Harare the capital and largest city of Zimbabwe 2 The geographical coordinates of the headquarters of NMB Bank Limited are 17 49 40 0 S 31 02 56 0 E Latitude 17 827778 Longitude 31 048889 4 Overview editThe bank is a medium sized financial services institution that serves large corporations small to medium enterprises SMEs as well as individuals As of December 2017 update the bank s total assets were valued at US 422 6 million with shareholders equity valued at US 65 65 million 1 History editNMB Bank Limited was founded in 1993 by Zimbweans At that time it was under the name National Merchant Bank of Zimbabwe In June 1993 the bank was registered as an accepting house under the Banking Act In 1997 the NMBZ Group was listed on the Zimbabwe Stock Exchange and simultaneously on the London Stock Exchange In December 1999 NMB Bank was granted a commercial banking licence It commenced commercial banking services in July 2000 2 5 6 In 2013 FMO Norfund and AfricInvest jointly invested US 14 8 million in NMB Holdings Limited the parent company of NMB Bank for a collective shareholding of 27 percent 7 Ownership editThe bank is a 100 subsidiary of NMBZ Holdings Limited NMBZ a Zimbabwean investment and holding company NMB Bank Limited is the principal subsidiary of NMBZ The stock of the holding company is listed on the Zimbabwe Stock Exchange and on the London Stock Exchange As of December 2017 the shareholding in the stock of the holding company is as illustrated in the table below 1 Shareholding in NMB Holdings Limited Rank Shareholder Percentage Ownership 1 African Century Financial Investments Limited 18 50 2 Arise BV 17 96 3 AfricInvest Financial Sector Holding 8 38 4 Old Mutual Life Assurance Company of Zimbabwe Limited 7 45 5 Old Mutual Zimbabwe Limited 6 90 6 Lalibela Limited 5 59 7 Alsace Trust 4 39 8 Cornerstone Trust 4 38 9 Wamambo Investments Trust 3 52 10 Drakmore Investments Private Limited 2 85 6 Others 19 49 Total 100 00 Note Arise BV is a special purpose vehicle company formed in 2016 and co owned by Norfund FMO and Rabobank Arise invests in African financial institutions 8 Branch network editAs of December 2017 update the bank maintained a network of 14 branches 1 See also editList of banks in Zimbabwe Reserve Bank of Zimbabwe Economy of ZimbabweReferences edit a b c d e NMB Holdings Limited 14 March 2018 NMB Holdings Limited Audited Annual Report for the Year Ended 31 December 2017 Harare NMB Holdings Limited Retrieved 15 May 2018 a b c Reserve Bank of Zimbabwe 9 May 2018 Profile of NMB Bank Limited Harare Reserve Bank of Zimbabwe Retrieved 15 May 2018 Reserve Bank of Zimbabwe 15 May 2018 List of Registered Banking Institutions Harare Reserve Bank of Zimbabwe Retrieved 15 May 2018 Google 15 May 2018 Location of the headquarters of NMB Bank Limited Kwame Nkrumah Road Harare Map Google Maps Google Retrieved 15 May 2018 NMB Bank Limited 15 May 2018 About NMB Bank Limited Harare NMB Bank Limited Retrieved 15 May 2018 Omen Muza 20 June 2013 NMB Bank Limited 20 Newsday Harare Retrieved 15 May 2018 Financial Gazette Reporter 11 April 2013 Zimbabwe NMB Meets June 2013 Capital The Financial Gazette Harare Retrieved 15 May 2018 Staff Writer 14 February 2017 Europe s Arise BV hits ground running with CAL Bank acquisition Asokoinsight com Retrieved 15 May 2018 Retrieved from https en wikipedia org w index php title NMB Bank Limited amp oldid 1166534858, wikipedia, wiki, book, books, library,
