MBCA Bank
Encyclopedia
MBCA Bank, whose full name is MBCA Bank Limited, is a commercial bank in Zimbabwe
. It is one of the licensed commercial banks in the country.
, the national banking regulator, the bank rebranded to MBCA Bank Limited in 2004. , the bank was a medium-sized financial services provider in Zimbabwe
, with an asset base of US$139.8 million and shareholders' equity of nearly US$14 million.
of the bank include the following:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Shareholding in MBCA Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||Nedbank Limited
of South Africa
||70.85
|-
|2||Old Mutual Zimbabwe Limited
||18.30
|-
|2||Rothschild & Sons
of the United Kingdom
||03.26
|-
|4|| Banca de Credito Finanziaio
of Italy
||01.05
|-
|5||MBCA Employee Share Trust||0.66
|-
|6||Others ||05.88
|-
| | Total|| ||100.00
|-
|}
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 licensed commercial banks in the country.
History
The bank was founded in 1956 as the Merchant Bank of Central Africa. Following the issuance of a commercial banking license by the Reserve Bank of ZimbabweReserve 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....
, the national banking regulator, the bank rebranded to MBCA Bank Limited in 2004. , the bank was a medium-sized financial services provider 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...
, with an asset base of US$139.8 million and shareholders' equity of nearly US$14 million.
Ownership
According to the website of MBCA 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 MBCA Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||Nedbank Limited
Nedbank
Nedbank is one of the largest banks in South Africa; however it is one of the newest banks to be incorporated in South Africa. It is headquartered in Johannesburg...
of South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
||70.85
|-
|2||Old Mutual Zimbabwe Limited
Old Mutual
Old Mutual plc is an international long-term savings group. Established in 1845 in South Africa, it is now a FTSE100 listed company operating in 33 countries.-History:...
||18.30
|-
|2||Rothschild & Sons
Rothschild
Rothschild is a common German surname. It is a habitational name from a house distinguished with a red shield , the earliest recorded example dating from the 13th century...
of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
||03.26
|-
|4|| Banca de Credito Finanziaio
Mediobanca
Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli and Enrico Cuccia to facilitate the post-World War II reconstruction of Italian industry.Enrico Cuccia led Mediobanca from 1946 to 1982...
of Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
||01.05
|-
|5||MBCA Employee Share Trust||0.66
|-
|6||Others ||05.88
|-
| | Total|| ||100.00
|-
|}
Branch network
MBCA Bank maintains a network of branches at the following locations:- Harare Office - Old Mutual Centre, Corner of 3rd Street & Jason Moyo 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...
- Main Branch - 99 Jason Moyo 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...
- Southerton Branch - 11 Highfield Junction Road, 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 Office - 74 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...
- Belmont Branch - 61 Plumtree Road, BelmontBelmont-Sport:* Belmont Stakes, a horse race* Belmont Bombers, a junior ice hockey team in Belmont, Ontario* Belmont Shore RFC, a rugby union team in Long Beach, California-Automobiles:* Belmont , an American electric car sold in 1916...
, 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... - Leopold Takawira Branch - Central Africa House, 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...
- Mutare Branch - 75 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:...