FBC Bank

Ecobank (Uganda)
Type Public Company
ZIM: FBCH
Industry Financial Services
Headquarters Harare, Zimbabwe
Key people Livingstone Gwata
Group Chief Executive
John Mushayavanhu
Managing Director
Products Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages

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.[1] As of August 2010, FBC Bank had a loan-to-deposit ratio of 22%.[2]

Contents

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 Exchange, 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.[3] The holding company owns the following subsidiaries:[4]

  1. FBC Bank Limited - 100% shareholding
  2. FBC Building Society - 60% shareholding
  3. FBC Reinsurance Limited - 100% shareholding
  4. Eagle Insurance Limited - 72.5% shareholding[5]
  5. FBC Securities Limited - 100% shareholding

Branch network

FBC Bank maintains branches at the following locations:[6]

  1. Head Office - 45 Nelson Mandela Avenue, Harare
  2. Samoa Machel Avenue Branch - 76 Samora Machel Avenue, Harare
  3. Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue, Belvedere, Harare
  4. Msasa Branch - 104 Mutare Road, Msasa, Harare
  5. FBC Private Bank Branch - 2 Lanark Road, Belgravia, Harare
  6. Southerton Branch - 11 Highfields Junction Shops, Southerton, Harare
  7. Bulawayo Branch - 108 Jason Moyo Avenue, Bulawayo
  8. International Airport Branch - Harare International Airport
  9. Mutare Branch - 50B Herbert Chitepo Street, Mutare
  10. Zvishavane Branch - Robert Mugabe Way, Zvishavane

See also

References

  1. ^ As of September 2010 Zimbabwe Had Seventeen Licensed Commercial Banks
  2. ^ Increased Lending Key To Economic Recovery
  3. ^ FBC US$8 Million Rights Offer Receives 66 Percent Response
  4. ^ Subsidiaries of FBC Holdings Limited
  5. ^ FBC Bank Shareholding In Eagle Insurance
  6. ^ Branches Of FBC Bank

External links