Banks in Zimbabwe

AFC Commercial Bank

AFC Commercial Bank Limited is incorporated under the Companies Act and registered as a commercial bank under the Banking Act, lending mainly to agriculture alongside retail banking, treasury services, bill discounting and bridging finance. It traces its line to the Land and Agricultural Bank of 1924, through the Agricultural Finance Corporation established in 1971 and the Agricultural Bank of Zimbabwe, trading as Agribank, from 2000. It is one of the four subsidiaries of the AFC Holdings group.

The AFC Land and Development Bank of Zimbabwe finances agriculture across the whole value chain, and was set up so that the sector could be served through a single institution. It was launched on 30 April 2021 as part of the AFC Holdings group and was granted its operating licence by the Reserve Bank of Zimbabwe on 18 October 2021, starting work immediately. It is represented in all ten provinces.

African Century Limited is a registered microfinance bank and a member of the Deposit Protection Scheme, serving corporates, small and medium businesses and individuals since 2011. It offers equipment leasing and asset finance, retail banking, treasury and international banking, and has a growing branch network. Its head office is on Josiah Chinamano Avenue in Harare.

BancABC

BancABC Zimbabwe, registered as African Banking Corporation of Zimbabwe Limited, offers personal, business and corporate banking. It began as the African Banking Corporation in the 1950s and adopted the BancABC name in 1997, while its parent ABC Holdings was formed from regional businesses active since 1955 and the bank became part of the Atlas Mara group in 2014. Its branches include Harare, Chinhoyi, Chiredzi, Gweru, Kwekwe, Mutare and Triangle.

CABS

Central Africa Building Society is a retail financial institution offering transaction and savings accounts, mortgage loans, money market investments, term deposits and payroll loans, delivered through a branch network on a real-time banking system. It is a subsidiary of Old Mutual Zimbabwe, which is itself a subsidiary of Old Mutual.

CBZ Bank

CBZ Bank Limited is a registered commercial bank and the wholly owned flagship subsidiary of the listed group CBZ Holdings, serving personal and corporate customers. It opened in 1980 as the Bank of Credit and Commerce Zimbabwe, a joint venture between the government and BCCI Holdings, became Commercial Bank of Zimbabwe when the government took the whole shareholding in 1991, and listed on the Zimbabwe Stock Exchange on 29 June 1998. It took the name CBZ Bank Limited when CBZ Holdings began operating in June 2005.

Ecobank

Ecobank Zimbabwe Limited is a registered commercial bank supervised and regulated by the Reserve Bank of Zimbabwe, and part of the Ecobank group headed by Ecobank Transnational Incorporated. It started trading in Zimbabwe in January 2011 after ETI acquired a controlling stake in Premier Banking Corporation. It has 12 branches.

EmpowerBank Limited is a registered deposit-taking micro bank under the Microfinance Act and is regulated by the Reserve Bank of Zimbabwe. It was formed to serve financially excluded young people and falls under the Ministry of Youth Empowerment, Development and Vocational Training. It lends to youth-led business and agriculture projects and offers asset finance, guarantees and savings accounts in urban, peri-urban and rural parts of the country.

FBC Bank

FBC Bank Limited is a commercial bank within FBC Holdings Limited, an investment holding company listed on the Zimbabwe Stock Exchange. The group's other subsidiaries cover mortgage finance, short-term insurance, reinsurance, securities trading, property and microfinance, and its principal activities are in Zimbabwe.

First Capital Bank

First Capital Bank Limited is a commercial bank listed on the Zimbabwe Stock Exchange and majority owned by FMBcapital Holdings plc of Mauritius, which is listed on the Malawi Stock Exchange. It opened in 1912 as Barclays Bank in Zimbabwe and took its present name in 2017, when Barclays Bank plc sold its majority stake after 104 years. It runs 32 branches and service centres in the country's larger cities and towns.

The Infrastructure Development Bank of Zimbabwe is an infrastructure development finance institution operating under the IDBZ Act (Chapter 24:14). It was formed on 31 August 2005, taking over the assets and liabilities of the former Zimbabwe Development Bank. Its remit covers energy, transport, water and sanitation, information and communication technology and housing, and it is also charged with building capacity among organisations working in infrastructure.

The Industrial Development Corporation of Zimbabwe Limited is a development finance institution whose statutory objectives are to establish and run new industries and to finance, guide and assist industrial undertakings, including the expansion and modernisation of existing ones. It is also charged with supporting small and medium scale industry and with carrying out government policy on industrial decentralisation and choice of technology, acting with the approval of the responsible Minister. Its group companies include Chemplex Corporation, Willowvale Motor Industries, Zimbabwe Fertilizer Company, Allied Insurance, Sunway City, Deven Engineering and Ginhole Investments.

InnBucks MicroBank

InnBucks MicroBank Limited is a registered deposit-taking microfinance bank and a member of the Deposit Protection Scheme. It offers retail and business banking, personal and business loans, international remittances, treasury and structured finance, and the InnBucks wallet reached by dialling *569# or through its app. Salaries paid into the wallet can be drawn as cash at Simbisa outlets, and it has agents around the country.

Mukuru Financial Services Zimbabwe is a registered deposit-taking microfinance institution and a member of the Deposit Protection Scheme. It offers money transfers to more than 60 countries across Africa, Asia, Europe and the United States, the Mukuru wallet for local and international transactions, bill payments and funeral cover. Customers are served at its branches and booths and through its app and website.

NBS

National Building Society Limited is a registered building society set up to add to the national housing stock and to support the government's financial inclusion programme. It was created by the National Social Security Authority through investment from the National Pensions Scheme fund and the Workers Compensation Insurance Fund, and NSSA remains its shareholder. It has branches in Harare, Bulawayo, Gweru, Mutare, Masvingo and Chinhoyi.

Nedbank

Nedbank Zimbabwe Limited is a registered commercial bank and a member of the Deposit Protection Scheme, carrying company registration number 525/56. It is one of five full-service banks that Nedbank Group owns and manages in SADC countries, alongside those in Namibia, Mozambique, Eswatini and Lesotho.

NMB Bank

NMB Bank Limited is a registered commercial bank and the principal subsidiary of NMBZ, a Zimbabwean investment holding company listed on the Zimbabwe Stock Exchange. It was established in October 1992 as National Merchant Bank of Zimbabwe, registered as an accepting house in May 1993, and granted a commercial banking licence on 6 December 1999. NMBZ listed on the Zimbabwe Stock Exchange and the London Stock Exchange in early 1997.

POSB

The People's Own Savings Bank is a savings bank that began in December 1904 as the Post Office Savings Bank, a statutory fund for mobilising savings for national development, and operated through the post office network from January 1905 until 1965. From 1965 it was administered by the Posts and Telecommunications Corporation, and the People's Own Savings Bank of Zimbabwe Act of 2001 established it as a corporate body separate from PTC. It offers personal, corporate, mortgage and international banking.

The Small and Medium Enterprises Development Corporation is a development finance institution that lends to micro, small and medium enterprises and co-operatives, provides workspace and runs capacity building and training. It was formed in 1983 by an Act of Parliament, began operating in April 1984 as the Small Enterprises Development Corporation, and took its present name in February 2014. It is a parastatal under the Ministry of Women Affairs, Community, Small and Medium Enterprises Development, with branches in Harare, Bulawayo, Mutare, Gweru, Masvingo, Bindura and Lupane.

Stanbic Bank

Stanbic Bank Zimbabwe Limited is a registered commercial bank and a member of the Standard Bank Group, which is headquartered in Johannesburg. It came into being in November 1992, when Standard Bank acquired the ANZ Grindlays Bank operations in eight African countries including Zimbabwe and renamed them Stanbic. Standard Bank had opened its first branch in Salisbury on 20 July 1892.

Success Microfinance Bank Limited, trading as SuccessBank, is a deposit-taking microfinance institution offering savings, term investments, loans and digital banking. It is the successor to Collarhedge Finance, which was licensed as a credit-only microfinance institution in 2011 and had passed 36,000 loans by early 2015. The Reserve Bank of Zimbabwe approved its upgrade to a deposit-taking licence in October 2016, at which point SuccessBank was formed.

TN CyberTech Bank

TN CyberTech Bank Limited is a registered commercial bank and a member of the Deposit Protection Corporation. It was the finance house Trust Finance Limited until TN Financial Holdings bought into it in 2008 and had it converted into a commercial bank, TN Bank Limited; Econet acquired full ownership in 2012 and renamed it Steward Bank. Tawanda Nyambirai took a controlling interest in 2024 and the bank was renamed again, with branches and agents in Harare, Chitungwiza, Manicaland, the three Mashonaland provinces and Matabeleland North.

ZB Bank

ZB Bank Limited is the commercial banking arm of ZB Financial Holdings Limited, a Zimbabwe Stock Exchange listed group whose other units cover insurance, reinsurance, investments, property and wealth management. The business was the Netherlands Bank of Rhodesia, renamed Rhodesia Banking Corporation in 1972 and Rhobank in 1979, then Zimbabwe Banking Corporation in 1981 after the government bought the majority shareholding, with the holding company formed in 1989. The group adopted the ZB name on 30 October 2006, to coincide with its merger with the former Intermarket Holdings units.