Barclays Bank (Zimbabwe)
| Type | Public:ZSE:BARC:ZH |
|---|---|
| Industry | Financial Services |
| Founded | 1912 |
| Headquarters | Harare, Zimbabwe |
| Key people |
E. Fundira Chairperson George T. Guvamatanga Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax:US$1.4 million[1] (2011) |
| Total assets | US$260 million (2011) |
| Employees | 619 (2011) |
| Website | Homepage |
Barclays Bank of Zimbabwe, commonly known as Barclays Bank Zimbabwe (BBZ) is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe, the national banking regulator.[2]
Overview
The bank is a medium-sized financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. As of December 2011, its total asset base was valued at about US$260 million, with shareholders' equity of US$33.5 million.[3] In October 2011, the bank was the fifth-largest commercial bank in Zimbabwe, based on customer deposits, with a 7.1% marketshare.[4]
History
Barclays Bank Zimbabwe was established in 1912, and has operated continuously since. As of December 2011, BBZ employed 1,022 permanent staff, in a commercial banking network of 38 branches in all large urban areas in the country. The banks headquarters are located in Harare, the capital of Zimbabwe, and the largest city in that country.[5]
Ownership
BBZ is a subsidiary of Barclays Bank Group, a British banking conglomerate, headquartered in London, with subsidiaries in over 50 countries and territories across Africa, Asia, Europe, North America and South America. The stock of Barclays Bank Zimbabwe, is listed on the Zimbabwe Stock Exchange, where it trades under the symbol BARC:ZH. The major shareholders in the bank are depicted in the table below:[6]
| Barclays Bank Zimbabwe Stock Ownership | |||||||||||||||
Branch NetworkAs of May 2012, Barclays Bank Zimbabwe maintains a network of 39 branches and 45 active automated teller machines.[8] The location of the bank's branches includes the following locations:[9]
GovernanceThe Chairman of BBZ is E. Fundira. The Managing Director of the bank is George T. Guvamatanga.[10] External linksSee also
References
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