Type Public Industry Financial Services Founded 1912 Total assets 281.5 million USD (2013) | Traded as ZSE: BARC Headquarters Harare Number of employees 650 (2015) | |
Key people A. Mandiwanza
Chairperson
George T. Guvamatanga
Managing Director Products Loans, Checking, Savings, Investments, Debit Cards Revenue Aftertax:US$3.0 million (2013) | ||
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.
Contents
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. In October 2011, the bank was the fifth-largest commercial bank in Zimbabwe, based on customer deposits, with a 7.1% marketshare.
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.
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:
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:
Branch Network
As of May 2012, Barclays Bank Zimbabwe maintains a network of 39 branches and 45 active automated teller machines. The location of the bank's branches includes the following locations:
- First Street Branch - Barclay House, Jason Moyo Street at First Street, Harare Main Branch
- Agribusiness Branch - 2 Premium Close, Mt Pleasant, Harare
- Corporate Banking Centre - Birmingham Road at Paisley Road, Southerton, Harare
- Avondale Branch - King George Road, Avondale, Harare
- Borrowdale Branch - TM Supermarket Complex, Borrowdale Road, Borrowdale, Harare
- Cripps Road Branch - 31A Cripps Road, Kelvin Corner, Harare
- Highlands Branch - Enterprise Road, Highlands, Harare
- Pearl House Branch - First Street at Samora Machel Avenue, Harare
- Harare Street Branch - 118 Harare Street, Harare
- Highfields Branch - 977 Jabavu Drive, Highfields, Harare
- Msasa Branch - 120-121 Mutare Road, Msasa, Harare
- Main Street Branch - 100 Main Street, Bulawayo
- Belmont Branch - 16 Plumtree Road, Belmont, Bulawayo
- Beitbridge Branch - 348 Justia Road, Beitbridge
- Bindura Branch - 25 Main Street, Bindura
- Chinhoyi Branch - 5308 Magamba Way, Chinhoyi
- Chiredzi Branch = 57 Chilonga Drive, Chiredzi
- Gweru Branch - Main Street at Robert Mugabe Way, Gweru
- Marondera Branch - Hotel Street at The Green, Marondera
- Masvingo Branch - Robert Mugabe Street at Takawira Avenue, Masvingo
- Mutare Branch - 90 H. Chitepo Street, Mutare
- Kwekwe Branch - 32 North Mandela Way, Kwekwe
- Victoria Falls Branch - 254 Livingstone Way, Victoria Falls
- Gokwe Branch - 972 Gokwe Growth Point, Gokwe
- Zvishavane Branch - Stand 1895, Zvishavane
Governance
The Chairman of BBZ is A. Mandiwanza. The Managing Director of the bank is George T. Guvamatanga.