Type Private Headquarters Harare Number of employees 212 (2011) | Industry Financial Services Founded 1956 Parent organization MBCA Holdings Limited | |
Key people V. Willard Zireva
Chairman
C.C.Jinya
Managing Director Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages Revenue Aftertax:US$3.36 million (2011) Total assets US$180.7 million (2011) | ||
MBCA Bank, whose full name is MBCA Bank Limited, is a commercial bank in Zimbabwe. It is one of the licensed commercial banks in the country.
Contents
Overview
As of December 2011, the bank was a medium-sized financial services provider in Zimbabwe, with an asset base of nearly US$181 million and shareholders' equity of nearly US$19.7 million. The bank is a subsidiary of the Nedbank Group, a large financial services provider, headquartered in Johannesburg, South Africa, with total assets of almost US$80 billion (ZAR: 648+ billion), as of December 2011.
History
The bank was founded in 1956 by Rhodesia Selection Trust (RST) as the Merchant Bank of Central Africa. Following the issuance of a commercial banking license by the Reserve Bank of Zimbabwe, the national banking regulator, the bank rebranded to MBCA Bank Limited in 2004. Significant to the development of Southern Rhodesia and to the failing Central African Federation is at much the same time RST's competitor Anglo-American joined with Lazard Brothers of London to found Rhodesian Acceptances Limited (RAL). RAL, now known as RAL Merchant Bank (Zimbabwe) was part of Anglo-America until reorganisation/rationalisation, now in the Nedbank/Old Mutual Group.
Subsidiaries
The bank has 100% ownership in the following subsidiaries:
Ownership
According to the website of MBCA Bank, the major shareholders in the stock of the bank include the following:
Branch network
MBCA Bank maintains a network of branches at the following locations:
- Harare Office - Old Mutual Centre, Corner of 3rd Street & Jason Moyo Avenue, Harare
- Main Branch - 99 Jason Moyo Avenue, Harare
- Southerton Branch - 11 Highfield Junction Road, Southerton, Harare
- Bulawayo Office - 74 Main Street, Bulawayo
- Belmont Branch - 61 Plumtree Road, Belmont, Bulawayo
- Leopold Takawira Branch - Central Africa House, Leopold Takawira Street at Jason Moyo Avenue, Bulawayo
- Mutare Branch - Windsor Msasa House, 75 Herbert Chitepo Street, Mutare
- Zvishavane Branch - 100 Ireland Road, Zvishavane