CBZ Bank Limited
Encyclopedia
CBZ Bank, whose full name is CBZ Bank Limited, is a commercial bank
in Zimbabwe
. It is one of the seventeen (17) licensed commercial banks in the country. CBZ Bank is one of the four (4) largest commercial banks in Zimbabwe, the other three being: Barclays Bank Zimbabwe, Stanbic Bank Zimbabwe
and Standard Chartered Bank Zimbabwe.
In 2004, bank was re-organized and renamed CBZ Bank Limited. CBZ Bank Limited became a subsidiary of CBZ Holdings Limited
, whose shares are traded on the Zimbabwe Stock Exchange
.
of the bank include the following:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Shareholding in CBZ Bank Limited
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||Government of Zimbabwe||16.09
|-
|2||Libyan Foreign Bank||14.10
|-
|2||Africa Investment Limited ||13.54
|-
|4||National Social Security of Zimbabwe
||10.37
|-
|5||CBZ Holdings Limited
||08.14
|-
|6||Remo Nominees Limited||04.47
|-
|7||Barclays Zimbabwe Nominees||03.47
|-
|8||Datvest Nominees Limited||03.02
|-
|9||Bethel Nominees Number 2||02.16
|-
|10||Stanbic Nominees Limited
||02.12
|-
|11||Others ||22.51
|-
| | Total|| ||100.00
|-
|}
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Zimbabwe
Zimbabwe
Zimbabwe is a landlocked country located in the southern part of the African continent, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia and a tip of Namibia to the northwest and Mozambique to the east. Zimbabwe has three...
. It is one of the seventeen (17) licensed commercial banks in the country. CBZ Bank is one of the four (4) largest commercial banks in Zimbabwe, the other three being: Barclays Bank Zimbabwe, Stanbic Bank Zimbabwe
Stanbic Bank
Stanbic Bank is a division of Standard Bank, a member of the Standard Bank Group, based in Johannesburg, South Africa.-Overview:Standard Bank trades under the name Stanbic Bank in Botswana, the Democratic Republic of the Congo, Ghana, Kenya, Malawi, Nigeria, Tanzania, Uganda, Zambia and...
and Standard Chartered Bank Zimbabwe.
Overview
, CBZ Bank Limited was a large financial services provider in Zimbabwe, with an asset base in excess of US$540 million, and shareholders' equity in excess of US$43.3 million. The bank is ranked Number One in Zimbabwe by assets.History
The bank was founded in 1980 as the Bank of Credit and Commerce Zimbabwe Limited (BCCZL). In 1991, BCCZL ran into financial difficulty and faced liquidation. The Government of Zimbabwe acquired 100% shareholding in the bank to avert closure of the institution. Following takeover by the government, the bank was renamed Commercial Bank of Zimbabwe Limited.In 2004, bank was re-organized and renamed CBZ Bank Limited. CBZ Bank Limited became a subsidiary of CBZ Holdings Limited
CBZ Holdings
CBZ Holdings, whose full name is CBZ Holdings Limited, is a financial services conglomerate in Zimbabwe. It owns subsidiaries in banking, insurance, investments, wealth management, mortgages and retail finance.-Overview:...
, whose shares are traded on the Zimbabwe Stock Exchange
Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. It has been open to foreign investment since 1993. The exchange has about a dozen members and over 65 listed securities...
.
Ownership
According to the website of CBZ Bank, the major shareholders in the stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of the bank include the following:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Shareholding in CBZ Bank Limited
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||Government of Zimbabwe||16.09
|-
|2||Libyan Foreign Bank||14.10
|-
|2||Africa Investment Limited ||13.54
|-
|4||National Social Security of Zimbabwe
Zimbabwe
Zimbabwe is a landlocked country located in the southern part of the African continent, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia and a tip of Namibia to the northwest and Mozambique to the east. Zimbabwe has three...
||10.37
|-
|5||CBZ Holdings Limited
CBZ Holdings
CBZ Holdings, whose full name is CBZ Holdings Limited, is a financial services conglomerate in Zimbabwe. It owns subsidiaries in banking, insurance, investments, wealth management, mortgages and retail finance.-Overview:...
||08.14
|-
|6||Remo Nominees Limited||04.47
|-
|7||Barclays Zimbabwe Nominees||03.47
|-
|8||Datvest Nominees Limited||03.02
|-
|9||Bethel Nominees Number 2||02.16
|-
|10||Stanbic Nominees Limited
Stanbic Bank
Stanbic Bank is a division of Standard Bank, a member of the Standard Bank Group, based in Johannesburg, South Africa.-Overview:Standard Bank trades under the name Stanbic Bank in Botswana, the Democratic Republic of the Congo, Ghana, Kenya, Malawi, Nigeria, Tanzania, Uganda, Zambia and...
||02.12
|-
|11||Others ||22.51
|-
| | Total|| ||100.00
|-
|}
Branch network
, CBZ Bank maintains a network of branches at the following locations:- 8th Avenue Branch - Corner of 8th Avenue & Jason Moyo Avenue, BulawayoBulawayoBulawayo is the second largest city in Zimbabwe after the capital Harare, with an estimated population in 2010 of 2,000,000. It is located in Matabeleland, 439 km southwest of Harare, and is now treated as a separate provincial area from Matabeleland...
- Harare Airport Branch - Harare International AirportHarare International AirportHarare International Airport is an airport in Harare, Zimbabwe. The airport is operated by the Civil Aviation Authority of Zimbabwe and is the hub of Air Zimbabwe. The airport's runway, at , is one of the longest in Africa. It compares with OR Tambo International Airport in Johannesburg, South...
, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its... - Avondale Branch - Avondale Shopping Center, Avondale, HarareAvondale, HarareAvondale is a suburb of Harare, Zimbabwe, located about north of Harare city centre. It is the earliest suburb established in Harare, having been laid out in 1903. Prior to becoming a suburb Avondale was a dairy farm and was named after Avondale, County Wicklow, Ireland the home of the 19th...
- Beitbridge Branch - Beitbridge Shopping Mall, BeitbridgeBeitbridgeBeitbridge or Mzingwane is a border town in the province of Matabeleland South, Zimbabwe. The name also refers to the border post and bridge spanning the Limpopo River, which forms the political border between South Africa and Zimbabwe.-Background:...
- Belmont Branch - Corner of J.Chinamano Road & Leeds Road, Belmont
- Bindura Branch - BinduraBinduraBindura is a town in the province of Mashonaland Central, Zimbabwe. It is located in the Mazowe Valley about 88 km north-east of Harare. According to the 1982 Population Census, the town had a population of 18,243. This rose to 21,167 in the 1992 census. It is the administrative capital of the...
- Borrowdale Branch - Sam Levy Village, BorrowdaleBorrowdaleBorrowdale is a valley and civil parish in the English Lake District in the Borough of Allerdale in Cumbria, England.Borrowdale lies within the historic county boundaries of Cumberland, and is sometimes referred to as Cumberland Borrowdale in order to distinguish it from another Borrowdale in the...
- Bulawayo ABC Branch - Corner of Main Street & 9th Avenue, BulawayoBulawayoBulawayo is the second largest city in Zimbabwe after the capital Harare, with an estimated population in 2010 of 2,000,000. It is located in Matabeleland, 439 km southwest of Harare, and is now treated as a separate provincial area from Matabeleland...
- Fife Street Branch - Corner of Fife Street & 10th Avenue, BulawayoBulawayoBulawayo is the second largest city in Zimbabwe after the capital Harare, with an estimated population in 2010 of 2,000,000. It is located in Matabeleland, 439 km southwest of Harare, and is now treated as a separate provincial area from Matabeleland...
- Bulawayo Main Branch - 87 Main Street, BulawayoBulawayoBulawayo is the second largest city in Zimbabwe after the capital Harare, with an estimated population in 2010 of 2,000,000. It is located in Matabeleland, 439 km southwest of Harare, and is now treated as a separate provincial area from Matabeleland...
- Chegutu Branch - 116 Queen Street, ChegutuChegutuChegutu is a town in the Mashonaland West province, northern Zimbabwe and is 110km southwest of Harare on the main Harare-Bulawayo road . According to the 1992 Population Census, the town had a population of 30,191...
- Chimanimani Branch - 225 Chimanimani Township, Chimanimani
- Chipinge Branch - 76 Main Street, ChipingeChipingeChipinge is a town in southeastern Zimbabwe in the province of Manicaland near the Mozambique border. The town lies in a valley in the southern Eastern Highlands. One of Zimbabwe's most famous landmarks, the Birchenough Bridge is located on the Sabi River 62 km from Chipinge...
- Chiredzi Branch - 55 Chironga Drive, ChiredziChiredziChiredzi is a small town in Masvingo province in south-east Zimbabwe. Together with its sister town of Triangle, it is the major center of sugar production in the country.-Background:...
- Chitungwiza Makoni Branch - 60 Jenje Road, ChitungwizaChitungwizaChitungwiza — known colloquially as Chi Town — is a high-density dormitory town in Zimbabwe. The town is approximately 30 kilometres south of the capital, Harare. It was formed in 1978 from three townships: Seke, Zengeza, and St Marys.- Background :...
- Chitungwiza Town Center Branch - Shop 11B, ChitungwizaChitungwizaChitungwiza — known colloquially as Chi Town — is a high-density dormitory town in Zimbabwe. The town is approximately 30 kilometres south of the capital, Harare. It was formed in 1978 from three townships: Seke, Zengeza, and St Marys.- Background :...
- Chivhu Branch - 383 York Street, ChivhuChivhuChivhu is a small town in Zimbabwe, with an estimated population of 10,000 in 2007. It is located south of Harare on the main road south to Masvingo and South Africa.-History:...
- Cripps Road Branch - Cripps Road, Graniteside
- Frampton House Branch - Corner of 6th Avenue & Chitepo Street, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Gokwe Branch - Gokwe
- Gutu Branch - Beverly Place, GutuGuţuGuţu is a Romanian surname:* Ana Guţu* Ion Guţu* Lidia Guţu* Octavian Guţu...
- Gwanda Branch - 63 Souldan Street, GwandaGwandaGwanda is the capital of the province of Matabeleland South in Zimbabwe. It is located on the Bulawayo-Beitbridge road and railway. Gwanda was founded in 1900. According to the 1982 Population Census, the town had a population of 4,874...
- Gweru Branch - Robert Mugabe Way, GweruGweruGweru is a city near the centre of Zimbabwe at . It has a population of about 146,073 , making it the third largest city in the nation. Gweru is the capital of Midlands Province. Gweru was founded in 1894 by Dr. Leander Starr Jameson. The first bank opened in Gweru in 1896, and the stock exchange...
- Harare ABC Branch - Angwa City Shopping Mall, Corner of Kwame Nkrumah Street & Angwa Street, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Harare LAPF Center Branch - Corner of Jason Moyo Avenue & Chinhoyi Street, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Highfield Branch - Jubavu Drive, HighfieldHighfieldHighfield may refer toplaces in England*Highfield, Bolton*Highfield, Derbyshire*Highfield, Gloucestershire*Highfield, Hampshire, a suburb of Southampton*Highfield, Hertfordshire a neighbourhood in Hemel Hempstead*Highfield, Oxfordshire...
- Highglen Branch - Highglen Shopping Center Complex, Highglen
- Kadoma Branch - 41 Mukwati Street, Kadoma
- Kariba Branch - 1780 Nyamhunga Township, KaribaKaribaKariba is a town in Mashonaland West province, Zimbabwe, located close to the Kariba Dam at the northwestern end of Lake Kariba, near the Zambian border. According to the 1992 Population Census, the town had a population of 20,736....
- Karoi Branch - 252 Freddy Jameson Street, KaroiKaroiKaroi is both a town and a district in Mashonaland West province, Zimbabwe. Karoi town is located approximately 200 km North West of Harare along the main road from Harare to Kariba and Chirundu. Karoi town is situated in a farming area. The population of Karoi town in the 1992 census was 14,763...
- Kwame Nkrumah Branch - 60 Kwame Nkrumah Avenue, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Kwekwe Branch - KwekweKwekweKwekwe or Kwe Kwe , formerly spelt Que Que, is a city in central Zimbabwe. It is located in the centre of the country —roughly equidistant from Harare to the northeast and Bulawayo to the southwest. Its population stood at 47,607 in 1982, 75,425 in 1992 and the preliminary result of the 2002...
- Marondera Branch - 2136 2nd Street, MaronderaMaronderaMarondera is a town in Mashonaland East, Zimbabwe, located about 72 km east of Harare; population 39,384...
- Masvingo Branch - 376 Robert Mugabe Way, MasvingoMasvingoMasvingo is a town in south-eastern Zimbabwe and the capital of Masvingo Province. The town is close to Great Zimbabwe, the national monument from which the country takes its name.- History :...
- Mhangura Branch - 169 6th Street, MhanguraMhanguraMhangura is a small town in Mashonaland West province, Zimbabwe. The name was probably derived from the Shona word mhangura meaning "red metal" in reference to copper. According to the 1992 census Mhangura had a population of 11,175...
- Msasa Branch - The Colonnade, MsasaMsasaBrachystegia spiciformis Benth., commonly known as Msasa, is a medium-sized African tree having compound leaves and racemes of small fragrant green flowers. The tree is broad and has a distinctive amber and wine red colour when the young leaves sprout during spring...
- Murewa Branch - Shop Number 1, Murewa Building, MurewaMurewaMurewa, also known as Murehwa or Mrewa is a village in Zimbabwe 75 kilometers northeast from the capital of Harare, at the road to Tete . It is situated almost 1400 m above sea level. In 2002, the number of inhabitants was 8398. Public and private buildings are simple. "Growthpoint" and village...
- Mutare Branch - 31 2nd Street, MutareMutareMutare is the fourth largest city in Zimbabwe, with a population of around 170,000. It is the capital of Manicaland province.-History:...
- Mutare Main Branch - 88 H. Chitepo Street, MutareMutareMutare is the fourth largest city in Zimbabwe, with a population of around 170,000. It is the capital of Manicaland province.-History:...
- Muzarabani Branch - Cottco Depot, MuzarabaniMuzarabaniMuzarabani is a district, which is relatively flat and situated along the Mocambique-Zimbabwe border in Mashonaland Central province in Zimbabwe....
- Nembudziya Branch - Nembudziya Center, Gokwe
- Newlands Branch - Newlands, Zimbabwe
- Norton Branch - 143 Cornmarket Crescent, Norton, ZimbabweNorton, ZimbabweNorton is a town in the province of Mashonaland West, Zimbabwe. It is located about 40 km west of Harare on the main road and railway line connecting Harare and Bulawayo. According to the 1982 Population Census, the town had a population of 12,360. This rose to 20, 405 in the 1992 census, and...
- Nyanga Branch - 253 Nyanga Township, NyangaNyangaNyanga may mean:*Nyanga Province, of Gabon*Nyanga, Gabon, a place in the province of Nyanga in Gabon*Nyanga River, in Gabon and Congo*Nyanga, Zimbabwe, a town*Nyanga National Park in Zimbabwe*Nyanga, Cape Town, a township in South Africa...
- Nyika Branch - Nyika Growth Point, NyikaNyikaNyika is a Swahili word meaning "bush" or "hinterland" . More specifically, it can refer to:* a collective term for nine ethnic groups in coastal Kenya, see Mijikenda* a desert in Kenya, see Nyiri Desert...
- Redcliff Branch - 482 Musgrave Road, RedcliffRedcliffRedcliff can refer to the following locations:Canada* Redcliff, Alberta, CanadaEngland* Redcliff Point, Dorset, EnglandUnited States* Red Cliff, WisconsinZimbabwe* Redcliff, ZimbabweSee also places called Redcliffe, Radcliffe and Ratcliffe....
- Robert Mugabe Road Branch - 83 Robert Mugabe Road, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Rusape Branch - 18 Robert Mugabe Street, RusapeRusapeRusape is a town in the province of Manicaland, Zimbabwe with a population of around 20,000 , situated on the Harare-Mutare main road, approximately 170 km south east of Harare and 93 km north west of Mutare. Rusape is a large, sprawling town that has not quite reached city status...
- Sam Nujoma Street Branch - Sam Nujoma Street, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Samora Machel Avenue Branch - 57 Samora Machel Avenue, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Sapphire Branch - Corner of Speke Avenue & Angwa Street, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Selous Avenue Branch - 7 Selous Avenue, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- South End Branch - 144A Main Street, BulawayoBulawayoBulawayo is the second largest city in Zimbabwe after the capital Harare, with an estimated population in 2010 of 2,000,000. It is located in Matabeleland, 439 km southwest of Harare, and is now treated as a separate provincial area from Matabeleland...
- Southerton Branch - Paisley Road, Southerton
- Tsholotsho Branch - TsholotshoTsholotsho- Introduction :Tsholotsho is a business center in Matabeleland North, Zimbabwe and is located about 65km north-west of Nyamandhlovu,and 98km north-west of Bulawayo as the bird flies, in the Tjolotjo communal land...
- University Branch - Students Center, University of Zimbabwe Main CampusUniversity of ZimbabweThe University of Zimbabwe in Harare, is the oldest and largest university in Zimbabwe. It was founded through a special relationship with the University of London and it opened its doors to its first students in 1952. The university has ten faculties offering a wide variety of degree programmes...
, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its... - Victoria Falls Branch - 123 Galleria Complex, Victoria FallsVictoria FallsThe Victoria Falls or Mosi-oa-Tunya is a waterfall located in southern Africa on the Zambezi River between the countries of Zambia and Zimbabwe.-Introduction:...
- Wealth Management Branch - Building One, West Crescent, Arundale Office Park, HarareHarareHarare before 1982 known as Salisbury) is the largest city and capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area . Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe's largest city and its...
- Westgate Branch - Shop 9 Fountain Court, WestgateWestgate-Companies:* Westgate Resorts, a real estate company and timeshare company* Westgate Department Stores, the Department store division of Anglia Regional Co-operative Society in the United Kingdom-United Kingdom:* Westgate, County Durham* Westgate, Gloucester...
- Zvishavane Branch - 694 Turner Road, Zvishavane