FBC Bank
Encyclopedia
FBC Bank, whose full name is FBC Bank Limited, is a commercial bank
in Zimbabwe
. It is one of the seventeen (17) banks licensed by the Reserve Bank of Zimbabwe
. , FBC Bank had a loan-to-deposit ratio of 22%.
, under the symbol: FBCH. In May 2010, FBC Holdings Limited made a rights issue stock offering for US$8 million which was 66% subscribed, raising US$5.28 million used to capitalize subsidiaries. The holding company owns the following subsidiaries:
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) banks licensed by the Reserve Bank of Zimbabwe
Reserve Bank of Zimbabwe
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe.-History:The bank traces its history to the Bank of Rhodesia and Nyasaland, founded in March 1956, which in turn was the successor to the Central Currency Board....
. , FBC Bank had a loan-to-deposit ratio of 22%.
FBC Group
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 ExchangeZimbabwe 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...
, under the symbol: FBCH. In May 2010, FBC Holdings Limited made a rights issue stock offering for US$8 million which was 66% subscribed, raising US$5.28 million used to capitalize subsidiaries. The holding company owns the following subsidiaries:
- FBC Bank Limited - 100% shareholding
- FBC Building Society - 60% shareholding
- FBC Reinsurance Limited - 100% shareholding
- Eagle Insurance Limited - 72.5% shareholding
- FBC Securities Limited - 100% shareholding
Branch network
FBC Bank maintains branches at the following locations:- Head Office - 45 Nelson Mandela 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...
- Samoa Machel Avenue Branch - 76 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...
- Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue, Belvedere, HarareBelvedere, HarareBelvedere, Harare is a suburb of Harare, the capital city of Zimbabwe and the country's largest metropolitan area.-Location:Belvedere lies to the west of Harare's central business district and connects the center of the city to the more western suburbs of Warren Park, where the National Sports...
- Msasa Branch - 104 Mutare Road, 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...
, 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... - FBC Private Bank Branch - 2 Lanark Road, BelgraviaBelgraviaBelgravia is a district of central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. Noted for its immensely expensive residential properties, it is one of the wealthiest districts in the world...
, 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... - Southerton Branch - 11 Highfields Junction Shops, Southerton, 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...
- Bulawayo Branch - 108 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...
- International 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...
- Mutare Branch - 50B Herbert 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:...
- Zvishavane Branch - Robert Mugabe Way, Zvishavane