Posb Zimbabwe

The Peoples Own Savings Bank, formerly the Post Office Savings Bank, was established in 1904 as a statutory fund to mobilise savings for national development. The Bank commenced its operations through the Post Office infrastructure network. In 1965 the Post Office Savings Bank Act [Chapter 249] was promulgated providing for the administration of the Savings Bank by the Posts and Telecommunications Corporation (PTC) on an agency basis. On April 1, 2001 a new act, The People’s Own Savings Bank of Zimbabwe Act [Chapter 24:22] was promulgated establishing the bank as a corporate body to carry-on the business of a Savings Bank. Our Vision “To be a world class Savings Bank catering for all” A key focus over the next five years that will be pursued by POSB in the realization of its vision is “ To be a well capitalised, profitable and financially inclusive savings bank serving at least 10% of the population by 2018.” Our Mission “A savings bank which mobilizes deposits and provides a broad range of appropriate, quality, accessible and affordable financial services.” Our Mandate The Bank derives its mandate from the People’s Own Savings Bank Act [Chapter 24:22] of The Bank’s main functions are to; Accept deposits that are repayable with interest. Provide banking and financial services for the people of Zimbabwe. Encourage saving by the people of Zimbabwe. Grant loans and advances to the people of Zimbabwe. Core Values Integrity - Being trustworthy, accountable, dependable and honest in all our dealings. Innovation - Ability to change for the better, generate new ideas and improve the way we serve the customer. Commitment - Ability to engage oneself responsibly and exceed set standards and expectations. Responsiveness – Ability to timeously and proactively attend to customer and other stakeholder needs.