Capital Bank
Encyclopedia
Capital Bank Limited, commonly known as Capital Bank, is a commercial bank
in Botswana
. It is owned by First Merchant Bank
of Malawi
, and others, including Botswana nationals. In that respect, it is one of the few commercial banks in Botswana, in which nationals of Botswana own a stake.
, the national banking regulator. Capital Bank introduced Internet banking in 2009 and Visa Debit Card
s in 2010.
, whose shares are listed on the Malawi Stock Exchange
. Other share holders include Mmapula Modise, a national of Botswana, Raj Patel both resident in Botswana. The table below summarizes the shareholders of Capital Bank.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Major Shareholders of Capital Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||First Merchant Bank
of Malawi
|| 51.0
|-
|2||Everglades Pty Ltd||
|-
|3||Premier Capital Mauritius Ltd||
|-
|4||Valsabh Holdings Pty Ltd
|-
| ||Total||100.0
|-
|}
, Botswana
's capital city and another branch in Francistown
, Botswana's second-largest city, in the northeast of the country.The current record shows estimated employee size 250-499. The list of branches of the bank are at the following locations:
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 Botswana
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
. It is owned by First Merchant Bank
First Merchant Bank
First Merchant Bank Limited, commonly known as First Merchant Bank , is a commercial bank in Malawi. It is one of the eleven commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.-Overview:...
of Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
, and others, including Botswana nationals. In that respect, it is one of the few commercial banks in Botswana, in which nationals of Botswana own a stake.
History
The bank began operations in 2008, following the issuance of its banking license by the Bank of BotswanaBank of Botswana
The Bank of Botswana is the central bank of Botswana.When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area. In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Financial Institution Acts established the legal framework for a central...
, the national banking regulator. Capital Bank introduced Internet banking in 2009 and Visa Debit Card
Debit card
A debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
s in 2010.
Ownership
Among the shareholders of Capital Bank are First Merchant Bank of Malawi (FMB), a leading financial services provider in MalawiMalawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
, whose shares are listed on the Malawi Stock Exchange
Malawi Stock Exchange
The Malawi Stock Exchange is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company...
. Other share holders include Mmapula Modise, a national of Botswana, Raj Patel both resident in Botswana. The table below summarizes the shareholders of Capital Bank.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Major Shareholders of Capital Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||First Merchant Bank
First Merchant Bank
First Merchant Bank Limited, commonly known as First Merchant Bank , is a commercial bank in Malawi. It is one of the eleven commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.-Overview:...
of Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
|| 51.0
|-
|2||Everglades Pty Ltd||
|-
|3||Premier Capital Mauritius Ltd||
|-
|4||Valsabh Holdings Pty Ltd
|-
| ||Total||100.0
|-
|}
Branches
As of July 2011, Capital Bank maintains its headquarters at 17954 Old Lobatse Road, GaboroneGaborone
' is the capital and largest city of Botswana with a population of 191,776 based on a 2006 survey, about 10% of the total population of Botswana....
, Botswana
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
's capital city and another branch in Francistown
Francistown
Francistown or Nyangabgwe is the second largest city in Botswana, with a population of about 85,363, and often described as the "Capital of the North". It is located in eastern Botswana, about north-northeast from the capital, Gaborone...
, Botswana's second-largest city, in the northeast of the country.The current record shows estimated employee size 250-499. The list of branches of the bank are at the following locations:
- Main Branch - 17954 Old Lobatse Road, GaboroneGaborone' is the capital and largest city of Botswana with a population of 191,776 based on a 2006 survey, about 10% of the total population of Botswana....
- Francistown Branch - Blue Jacket Street, FrancistownFrancistownFrancistown or Nyangabgwe is the second largest city in Botswana, with a population of about 85,363, and often described as the "Capital of the North". It is located in eastern Botswana, about north-northeast from the capital, Gaborone...
See also
- List of banks in Botswana
- Economy of BotswanaEconomy of BotswanaSince independence, Botswana has had the highest average economic growth rate in the world, averaging about 9% per year from 1966 to 1999. Growth in private sector employment has averaged about 10% per annum over the first 30 years of independence. The relatively high quality of the country's...
- List of companies of Botswana