Banking in Zimbabwe

Nbs

National Building Society Limited (“NBS”) is a Registered Building Society under the Building Society Act chapter 24:20. and was set up with the sole mandate of delivering affordable low cost housing through the provision of Mortgage finance to first time home owners primarily for high and medium density developments. Our Mission is to make the dream of owning decent housing a reality for the people of Zimbabwe. We continuously pursue innovative channels in the delivery of service to our clients with a fundamental focus on enabling convenience and affordability. Our business structure is geared towards creation of a one-stop-shop financial powerhouse through a wide array of products and services.

201 to 500 staff

Steward Bank

Steward Bank was launched in July 2013 following Econet Wireless Zimbabwe’s acquisition of TN Bank, a subsidiary of TN Holdings Limited (now known as Lifestyle Holdings). Following our launch, the Bank has since positioned itself as a mass-bank in Zimbabwe, focused on providing banking solutions through the use of technology. Steward Bank is the first bank in the country to have convergence with telecommunications and together with its technology focus we are set to change the way Zimbabweans view banking. Our strategic goal is to become the bank of the future, whilst visibly maintaining a viable bank in the present. Our objective in the next few months is to deliver simplified mass retail banking products to every Zimbabwean. The world is shifting its focus from traditional forms of banking with mobile banking now becoming the new frontier for product innovation and channel delivery. The mobile phone is the most accessible technology available to the world. Through Mobile Banking, Steward Bank will extend banking services to Zimbabweans previously unable to open bank accounts or participate in the formal economy. As a bank, we will seek to support the financial inclusion agenda and target Zimbabweans anywhere, particularly within the informal sector and the most remote parts in the rural areas and improve the banking and payment ecosystem. Our aim is not to create just another bank, it is to create a new banking habit and behavior!

201 to 500 staff

Zb Financial Holdings

ZB Financial Holdings Limited was incorporated in Zimbabwe in May 1989, as a holding company for a group of companies, which have been providing commercial and merchant banking and other financial services in Zimbabwe since 1951.

1001 to 5000 staff

Cbz Bank Ltd

CBZ Bank, the flagship of CBZ Holdings, is Zimbabwe's largest financial institution. In 2024, we solidified our leadership position by delivering strong financial performance, accelerating our digital transformation, and deepening our commitment to social and economic development. Our success is built on a customer-centric approach, leveraging innovative digital platforms and a diverse product portfolio to meet the evolving financial needs of our clientele. We remain a leading force in Zimbabwe’s financial sector, driven by a steadfast commitment to creating value for our stakeholders and the nation.

501 to 1000 staff

Bancabc

One of the core values that forms the foundation upon which BancABC operates is its focus on people. We recognize that within and outside our organization, people are the single most important success factor. By creating a participative environment that empowers people to realize their aspirations, we have established an evolving culture that inspires, uplifts and motivates our people to achieve their true potential. BancABC also provides unique career opportunities for talented people looking to make a difference in reshaping Africa's social and financial landscape. The Bank implements rigorous recruitment practices to identify individuals who can contribute to the growth of the organisation. BancABC is a strong subscriber to the reward for performance principle. The Bank is committed to maintaining high performance standards and providing competitive conditions of service. We offer a supportive work environment, abundant and tailored development opportunities as well as scope for advancement and equal employment opportunities with the aim of attracting, developing and retaining talent. An important cornerstone of BancABC's talent management is that the Bank must possess staff who offer the necessary range of job-specific skills, and whose attitudes toward their work and colleagues enable them to channel their skills, energies and expertise into performing productively for BancABC and clients. The Human Capital function consistently identifies and promotes the necessary skills that can take the Bank forward.

501 to 1000 staff

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.

201 to 500 staff

Nedbank Zimbabwe Limited

Nedbank Zimbabwe Limited was established in July 2004 after changing from Zimbabwe's oldest merchant bank, Merchant Bank of Central Africa Limited, which was incorporated on 31 July 1956. Privileged with access to the cutting edge of global capital markets through its shareholder network, the Bank has numerous correspondent bank relationships in all financial centres worldwide. This enables it to access high level technical expertise and sources of competitive finance on a worldwide basis for the benefit of its clients.

201 to 500 staff

Bancabc Zimbabwe

BancABC is reliable, accessible, innovative, efficient, and excellent at providing banking solutions that are designed with our customers' needs in mind. BancABC is committed to protecting your personal information in accordance with Data Protection laws. Any personal data shared via our social media platforms will be handled with the utmost confidentiality and used solely for the purpose it was collected. We advise you not to share sensitive personal or banking information in public comments. For secure assistance, please contact us through direct messaging or through official channels – Call: 08677 008 008 439, WhatsApp:+263 78 712 8276, Toll Free: Econet 08080215 Netone 08012262 or Email: contactcentrezw@bancabc.co.zw.

201 to 500 staff

People's Own Savings Bank

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 the leading provider of sustainable and impactful financial services in a transforming Zimbabwe. Our Mission To provide simple, responsive, innovative and inclusive financial solutions through modern technologies and motivated employees. 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 • Innovation • Teamwork • Responsiveness Our response to you • Telephone -We promise to answer your call within the first 3 rings. • In-person - Our frontline staff are always available to assist you during the stipulated working hours. • Written - All enquiries will be formally acknowledged and responded to in a timely manner. • Social media - All queries and enquiries sent through our various social media platforms will also be acknowledged and responded to timeously.

501 to 1000 staff

Zimbabwe Women's Microfinance Bank Zwmb

The Ministry of Women Affairs, Gender & Community Development was mandated by the Government of Zimbabwe under the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIMASSET), to strengthen and/or establish mechanisms for women to effectively participate and benefit from various empowerment programmes. The idea of a Women’s Bank was first put forward in 1982 by the Ministry of Community Development and Women’s Affairs, as a means by which rural women could get access to credit facilities.

51 to 200 staff

Afc Commercial Bank

AFC Commercial Bank Limited is incorporated under the Zimbabwe Companies Act (Chapter 24:03) and is registered as a commercial bank in terms of the Zimbabwe Banking Act (24:20). The Bank’s main business is provision of agricultural related loans, retail banking services, discounting bills, treasury services and provision of bridging finance. The Bank is a loan granting and deposit taking development financial institution subject to the supervision of the Reserve Bank of Zimbabwe.

1001 to 5000 staff

Kingdom Financial Holdings Ltd

501 to 1000 staff

Solten Financial Services

olten Financial Services, founded in 2009, is a Zimbabwean-owned microfinance institution and foreign exchange bureau dedicated to empowering individuals and businesses through innovative financial solutions. With over 10 years of experience, Solten offers a range of services, including agriculture, cross-border, consumption, payday, educational, and manufacturing loans, tailored to meet diverse client needs. The company's commitment to customer-centric approaches has earned it accolades such as the Most Digitised & Innovative MFI Award in 2019 and the Most Agriculturally Focused MFI Award in 2022 and 2023. Solten has expanded its presence with branches across all provinces in Zimbabwe, striving to provide quick, affordable, and flexible financial services to a growing client base of over

51 to 200 staff

Agribank

1 to 10 staff

Quadfin Finance

Quadfin aims to empower people economically by supporting and funding poverty alleviation business programmes. The board of Quadfin has a passion for micro-finance lending that includes a range of support services for its clients through multiple local programs in targeted strategic urban and rural areas of Zimbabwe, and will eventually spread to other countries in the region (Africa). By the 5th year of operation, Quadfin expects to have impacted both directly and indirectly the lives of at least one million Zimbabweans in enhancing poverty alleviation through the following strategic goals: Microfinance. This includes urban and rural lending through provision of diverse micro-finance services. Community Investment. This comprises individual or group-owned small to medium scale businesses contributing in their communities. Entrepreneurship. This involves small-business growth, technical and skills development. Dynamic social network. This involves sharing resources, local and global interdependence, and mobilization of social networks.

11 to 50 staff

Mbca Bank Limited

201 to 500 staff

Infrastructure Development Bank Of Zimbabwe Idbz

The IDBZ was formed on the 31st of August 2005, taking over the assets and liabilities of the former Zimbabwe Development Bank (“ZDB”). It was primarily set up as a vehicle for the promotion of economic development and growth, and improvement of the living standards of Zimbabweans through the development of infrastructure, which includes but not limited to energy, transport, water and sanitation, information communication technology (ICT) and housing. The Bank is also enjoined to develop institutional capacity in undertakings and enterprises involved in infrastructure development in Zimbabwe (IDBZ Act (Chapter 24:14). The Bank, therefore, operates primarily as an infrastructure development finance institution (DFI).

201 to 500 staff

Skwama Microfinance

Skwama microfinance offers a variety of financial products and services that are accessible and affordable to suite specific individual or business needs. Our vibrant team is trained to give you same day loan processing services for your convenience. We exist to change our customer’s living standards and as such, we pride ourselves in striving to always give you the best customer service.

11 to 50 staff

Vantage Microfinance Bank Ltd

Vantage is a company set up to provide technology that allows banking and payment transactions without the use of notes and coins, without relying on online communications while opening up the banking system to the wider populace of the country who until now have been excluded from banking services. This technology also has the potential to increase the period in which deposits remain in the banking system hence improving the national banking system’s deposit base and in turn the lending capacity. Suppliers of technology are

11 to 50 staff

Novapay Private Ltd

Our business model strives to provide competitively priced outsourced financial processing services to the banking sector and related industries. The service is premised on a pay as you go model, with no fixed acquisition costs and annual license fees. We undertake to implement a transaparent pricing system that takes into recognition the market dynamics, yet delivering a full range of services to the customer.

11 to 50 staff

Oxlink Capital

Oxlink Capital (Pvt) Ltd is a financial services boutique incorporating a registered Micro-Finance company and a Financial Advisory services company. The Microfinance was granted an operating licence by the Reserve Bank of Zimbabwe in January 2010 and began operations in May 2010 and has been successfully re licensed to the present day. Driven by the realisation that the majority of our people fall outside the conventional bankable bracket yet they are critical for the sustainable economic reform strategy, Oxlink has taken a deliberate stance to provide accessible capital to them. The target market includes the emerging entrepreneurs, individuals (salaried and self employed) and SMEs.

11 to 50 staff

Qupa Microfinance

Qupa Microfinance offers loans to individuals living in Zimbabwe and to SMEs who run their businesses in Zimbabwe we have a wide range of loan products that include salary based loans, project loans, order finance, business loans and agri-loans.

11 to 50 staff

Fmc Smart Exchange

Registered Bureau De Change

51 to 200 staff

Getbucks Microfinance Bank

GetBucks Bank Zimbabwe is a registered Deposit Taking Microfinance Bank,Bureau de Change and a member of the Deposit Protection Corporation. We are not about giving you money to buy a house, a boat or even the latest flat screen TV. We're about instant cash to sort out life's little issues. There are a lot of other financial institutions be it banks, cash loans or online sites that offer you money. This is however done on their terms and in their time. We offer cash on your terms - how much you need and for how long. We do not offer loans to alter your lifestyle - we offer loans to maintain your lifestyle. Those unforeseen bills and expenses are sorted out today, and you can settle us when you get the cash.

51 to 200 staff