Barclays Bank of Zimbabwe

Barclays Bank of Zimbabwe

Type	Public
Traded as	ZSE: BARC
Industry	Financial Services
Founded	1912
Headquarters	Harare, Zimbabwe
Key people	A. Mandiwanza Chairperson George T. Guvamatanga Managing Director
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	Aftertax:US$3.0 million (2013)[1]
Total assets	US$281.5 million (2013)
Number of employees	650 (2015)
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 2013, its total asset base was valued at about US$281.5 million, with shareholders' equity of US$40.5 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

Rank Name of Owner Percentage Ownership 1 Afcarme Zimbabwe Holdings Limited of Zimbabwe[7] 67.7 2 Old Mutual of the United Kingdom 10.8 3 Private & Institutional Investors 22.5 Total 100.00

Graduate Program

Barclays Bank Zimbabwe runs a prestigious graduate program run annually as part of its group wide graduate recruitment program.Graduates who make the cut are availed with opportunities to sharpen their banking skills and further their career inside the bank:^[8]

Branch Network

As of May 2012, Barclays Bank Zimbabwe maintains a network of 39 branches and 45 active automated teller machines.^[9] The location of the bank's branches includes the following locations:^[10]

1. First Street Branch - Barclay House, Jason Moyo Street at First Street, Harare Main Branch
2. Agribusiness Branch - 2 Premium Close, Mt Pleasant, Harare
3. Corporate Banking Centre - Birmingham Road at Paisley Road, Southerton, Harare
4. Avondale Branch - King George Road, Avondale, Harare
5. Borrowdale Branch - TM Supermarket Complex, Borrowdale Road, Borrowdale, Harare
6. Cripps Road Branch - 31A Cripps Road, Kelvin Corner, Harare
7. Highlands Branch - Enterprise Road, Highlands, Harare
8. Pearl House Branch - First Street at Samora Machel Avenue, Harare
9. Harare Street Branch - 118 Harare Street, Harare
10. Highfields Branch - 977 Jabavu Drive, Highfields, Harare
11. Msasa Branch - 120-121 Mutare Road, Msasa, Harare
12. Main Street Branch - 100 Main Street, Bulawayo
13. Belmont Branch - 16 Plumtree Road, Belmont, Bulawayo
14. Beitbridge Branch - 348 Justia Road, Beitbridge
15. Bindura Branch - 25 Main Street, Bindura
16. Chinhoyi Branch - 5308 Magamba Way, Chinhoyi
17. Chiredzi Branch = 57 Chilonga Drive, Chiredzi
18. Gweru Branch - Main Street at Robert Mugabe Way, Gweru
19. Marondera Branch - Hotel Street at The Green, Marondera
20. Masvingo Branch - Robert Mugabe Street at Takawira Avenue, Masvingo
21. Mutare Branch - 90 H. Chitepo Street, Mutare
22. Kwekwe Branch - 32 North Mandela Way, Kwekwe
23. Victoria Falls Branch - 254 Livingstone Way, Victoria Falls
24. Gokwe Branch - 972 Gokwe Growth Point, Gokwe
25. Zvishavane Branch - Stand 1895, Zvishavane

Governance

The Chairman of BBZ is A. Mandiwanza. The Managing Director of the bank is George T. Guvamatanga.^[11]

External links

• Website of Barclays Bank Zimbabwe
• Website of Bank of Zimbabwe

See also

• List of banks in Zimbabwe
• List of banks in Africa
• Reserve Bank of Zimbabwe
• Barclays Africa Group
• Barclays Bank of Kenya
• Barclays Bank of Tanzania
• Barclays Bank of Uganda
• Barclays Bank of Zambia
• Barclays Bank Plc

References

1. Aftertax Profit For Calendar Year 2013
2. List of Licensed Commercial Banks In Zimbabwe Archived April 17, 2012, at the Wayback Machine.
3. Full Year Financial Report December 2013
4. In 2011, Barclays Bank of Zimbabwe Was Fifth Largest Bank In Zimbabwe Archived October 17, 2011, at the Wayback Machine.
5. About Barclays Bank of Zimbabwe Limited Archived June 8, 2012, at the Wayback Machine.
6. Shareholding In Barclays Bank Zimbabwe
7. Barclays Bank Plc. of the United Kingdom Owns 64% of Afcarme Holdings
8. Partial List of Branches of Barclays Bank Zimbabwe
9. Barclays Bank Zimbabwe With 39 Branches & 45 ATMs In May 2012
10. Partial List of Branches of Barclays Bank Zimbabwe
11. George Guvamatanga Is Managing Director