ZB Bank Limited offers a range of services to cater to the diverse needs of its customers. The bank has a strong presence in the country with a large network of branches and ATMs.
ZB Bank Limited provides a variety of deposit accounts, including savings accounts, current accounts, and fixed deposit accounts. These accounts offer competitive interest rates and flexible terms.
The bank also offers a range of loan products, including personal loans, home loans, and vehicle loans. These loans are designed to meet the unique needs of customers and are available at competitive interest rates.
ZB Bank Limited has a robust online banking platform that allows customers to manage their accounts, pay bills, and transfer funds remotely. This platform is secure and easy to use, making it a convenient option for customers who prefer to bank online.
Company Overview
ZB Bank Limited is a flagship of ZB Financial Holdings Limited, a large Zimbabwean financial services provider with shares traded on the Zimbabwe Stock Exchange under the symbol ZBFH.
As of 2016, the bank's total assets were a significant US$439.3 million, demonstrating its substantial financial standing.
This impressive asset base is backed by a strong shareholders' equity of US$89.43 million, a testament to the bank's stability and financial health.
Overview
ZB Financial Holdings Limited is a large Zimbabwean financial services provider with shares traded on the Zimbabwe Stock Exchange under the symbol ZBFH.
As of December 2016, the company's total assets were a significant US$439.3 million, with shareholders' equity of US$89.43 million.
Shareholding
The shareholding in ZB Financial Holdings Limited is quite diverse, with a range of institutions and individuals holding a stake in the company.
The National Social Security Authority of Zimbabwe is the largest shareholder, holding a significant 37.79% of the company's shares.
Transnational Holdings Limited is the second-largest shareholder, owning 21.44% of the company's shares.
ZB Financial Holdings Limited also holds a notable 10.08% of its own shares, indicating a level of self-investment.
Old Mutual Life Assurance of Zimbabwe Limited and Mashonaland Holdings Limited each hold 5.50% and 3.01% of the company's shares, respectively.
Other notable shareholders include Finhold Group Staff Trust, Government of Zimbabwe, LHG Malta Holdings Limited, Guramatunhu Family Trust, and Ministry of Finance, each holding between 1.15% and 3.01% of the company's shares.
Here's a breakdown of the top shareholders:
Structure and Management
ZB Bank Limited has a robust structure in place to manage its operations effectively. The bank's headquarters is located in Harare, Zimbabwe.
The bank's management team is led by a Board of Directors, which oversees the overall strategy and direction of the bank. This team plays a crucial role in making key decisions that impact the bank's performance.
The bank's organizational structure is designed to ensure efficient communication and decision-making across all levels. This structure enables the bank to respond quickly to changing market conditions and customer needs.
Board of Directors
The Board of Directors plays a crucial role in overseeing the organization's strategy and direction. The team is led by Charity Manyeruke, who holds a DPhil, MSc, and BSc.
Charity Manyeruke serves as the Chair of the Board, bringing a wealth of experience and expertise to the role.
Ronald Mutandagayi, a Chartered Accountant with a B.Acc and MBL, serves as the CEO, providing financial leadership and guidance. Fanuel Kapanje, also a Chartered Accountant with a B.Acc and B.Compt, is another key member of the team.
Olatunde Akerele, with an LLB and MBA in Finance, rounds out the Board, bringing a strong legal and financial acumen to the table.
Secretarial Services
Secretarial Services play a vital role in the administration of pension funds and group life assurance arrangements. ZB Bank Limited offers these services, which include database management from single or multiple payroll points.
One of the key services provided is database management, which ensures that all relevant information is accurately recorded and up-to-date. This is crucial for making informed decisions about pension funds and group life assurance arrangements.
Accounting services are also offered, which help to track and manage the financial performance of these arrangements. This includes keeping track of income, expenses, and other financial transactions.
Benefits settlement is another important service, which involves processing and paying out benefits to eligible individuals. This can be a complex process, but ZB Bank Limited has the expertise and resources to handle it efficiently.
Reporting on administration and financial performance is also an essential service, which provides valuable insights into the performance of pension funds and group life assurance arrangements. This helps to identify areas for improvement and make informed decisions about future investments.
Compliance management is critical to ensure that all relevant laws and regulations are met. ZB Bank Limited has a team of experts who can help with this process, ensuring that all necessary documents and reports are filed on time.
Actuarial assessments and actuarial services are also provided, which involve analyzing data and making predictions about the future performance of pension funds and group life assurance arrangements. This helps to ensure that these arrangements are properly funded and managed.
Services and Operations
ZB Bank Limited offers a range of services to cater to different customer needs.
The bank provides online banking services, allowing customers to manage their accounts, pay bills, and transfer funds remotely.
Customers can also access their accounts through the bank's mobile app, available for both iOS and Android devices.
The bank's operations are designed to be efficient and secure, with robust systems in place to protect customer data.
Business Services
ZB Bank Limited offers a wide range of business services, including consultancy, pension fund administration, actuarial, underwriting, and investment management services.
These services can be tailored to meet the specific needs of businesses, and are available either as a package or as individual services.
USSD Banking: A Guide to Mobile Transactions
USSD banking allows you to perform financial transactions directly from your mobile phone, even without an internet connection.
It's fast, simple, and secure—perfect for managing your money on the go. USSD banking uses a protocol called Unstructured Supplementary Service Data (USSD) code to communicate directly with a user's phone via short codes.
A USSD code is used for instant, session-based communication, often for services like balance checks, mobile money transactions, and subscriptions.
Infrastructure and Network
ZB Bank Limited has a well-established infrastructure and network in Zimbabwe. As of April 2016, the bank maintained a network of 49 branches.
These branches are strategically located across the country, providing easy access to banking services for customers. ZB Bank Limited also has 10 agencies, which are smaller, more localized facilities that offer limited banking services.
The bank's branch network is a testament to its commitment to expanding its services and reaching a wider customer base.
Branch Network
As of April 2016, ZBBL maintained a network of 49 branches and 10 agencies across Zimbabwe as listed in the 2016 Annual Report.
ZBBL's branch network is quite extensive, with 49 branches and 10 agencies.
These branches and agencies provide financial services to a wide range of customers across the country.
The network is well-established, with a presence in many parts of Zimbabwe.
Location
The headquarters of ZB Bank Limited are located in ZB House, at 21 Natal Road, in Avondale, Harare, Zimbabwe.
ZB House is situated in the heart of Harare, the capital and largest city of Zimbabwe.
The geographical coordinates of the bank's headquarters are: 17°47'59.0"S, 31°02'30.0"E (Latitude:-17.799722; Longitude:31.041667).
Financial Information
ZB Bank Limited offers a range of financial services, including corporate banking, retail banking, and treasury services.
Their corporate banking services cater to large businesses, providing them with tailored solutions for their financial needs.
With a strong focus on customer satisfaction, ZB Bank Limited aims to build long-term relationships with its clients.
The bank's retail banking services include a variety of products and services, such as transaction accounts, savings accounts, and loans.
ZB Bank Limited's treasury services enable businesses to manage their cash flows and make informed financial decisions.
Their experienced team of bankers provides expert advice and support to help clients achieve their financial goals.
Frequently Asked Questions
What is the old name of ZB Bank?
The old name of ZB Bank is Rhobank, which was used from 1979 to 1981. Prior to that, the bank was known as The Netherlands Bank of Rhodesia Limited.
How many branches does Zb Bank have?
ZB Bank has a network of 54 branches across the country. Learn more about our extensive branch network and banking services.
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