First Capital Bank Zimbabwe Limited, formerly known as Barclays Bank of Zimbabwe, is a commercial bank in Zimbabwe, licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.
The bank is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius with other subsidiaries in Botswana, Malawi, Mozambique, Zambia.
Location The headquarters and main branch of the bank are located in Barclay House, at the corner of Jason Moyo Street and First Street, in downtown Harare, the largest city and capital of Zimbabwe. The geographical coordinates of the headquarters of First Capital Bank Zimbabwe are:17°49'50.0"S 31°02'59.0"E (Latitude:-17.830556; Longitude:31.049722).
Overview The bank is a large financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. , its total asset base was valued at US$698,744,000, with shareholders' equity of US$116,503,000.
History Barclays Bank Zimbabwe (BBZ) was established in 1912, and it operated continuously until 2018. As of October 2017, BBZ employed in excess of 700 permanent staff, in a commercial banking network of 26 branches in all large urban areas in the country. In October 2017, it was announced that First Merchant Bank Malawi had purchased a controlling interest in BBZ, for an undisclosed consideration. Under the terms of the sale, the bank was given permission to continue the use of the Barclays name for up to three years, before rebranding.
During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the bank.
In October 2018, the bank rebranded from Barclays Bank of Zimbabwe to First Capital Bank Zimbabwe Limited, to reflect its current shareholding.
In March 2019, the bank migrated from the Barclays banking system to a new IT banking system.
Ownership First Capital Bank Zimbabwe Limited (FCBZL), is a subsidiary of FMB Capital Holdings Plc, a Mauritius-based financial services conglomerate, with subsidiaries in several Southern African countries, including Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. The shares of stock of FCBZL are listed on the Zimbabwe Stock Exchange. The major shareholders in the bank are depicted in the table below, as of October 2017.
Barclays Bank of Zimbabwe Stock Ownership Rank Name of owner Percentage ownership1FMB Capital Holdings Plc of Mauritius42.02Private and institutional investors33.03BBZ Employee Share Ownership Trust 15.04Barclays Bank Plc of the United Kingdom 10.0 Total100.00
Branches , First Capital Bank Zimbabwe Limited maintained a network of branches at the following locations.
Agribusiness Branch: 2 Premium Close, Mt Pleasant, Harare Avondale Branch: King George Road, Avondale, Harare Beitbridge Branch: 348 Justia Road, Beitbridge Belmont Branch: 16 Plumtree Road, Belmont, Bulawayo Bindura Branch: 25 Main Street, Bindura Borrowdale Branch: TM Supermarket Complex, Borrowdale Road, Borrowdale, Harare Bulawayo Affluent Centre: 97A Robert Mugabe Way, Bulawayo Chinhoyi Branch: 5308 Magamba Way, Chinhoyi Chiredzi Branch: 57 Chilonga Drive, Chiredzi Corporate Banking Centre: Birmingham Road at Paisley Road, Southerton, Harare First Street Branch: Barclay House, Jason Moyo Street at First Street, Harare Main Branch Gokwe Branch: Stand 972 Gokwe Growth Point, Gokwe Gweru Branch: Main Street at Robert Mugabe Way, Gweru Harare Street Branch: 118 Harare Street, Harare Kadoma Branch: Stand 156, Herbert Chitepo Road, Kadoma Kwekwe Branch: 32 North Mandela Way, Kwekwe Main Street Branch: 100 Main Street, Bulawayo Marondera Branch: Hotel Street at The Green, Marondera Masvingo Branch: Robert Mugabe Street at Takawira Avenue, Masvingo Msasa Branch: 120–121 Mutare Road, Msasa, Harare Mutare Branch: 90 H. Chitepo Street, Mutare Pearl House Branch: First Street at Samora Machel Avenue, Harare.
See also List of banks in Zimbabwe Reserve Bank of Zimbabwe First Capital Bank Group
References
External links Website of First Capital Bank Zimbabwe Limited Website of the Reserve Bank of Zimbabwe