First Capital Bank

From Pindula
First Capital Bank
Type
Listed Company
IndustryBank
Founded1921 (1921)
HeadquartersHarare, Zimbabwe
Key people
Samuel Matsekete (Managing Director), Anthony Mandiwanza
ProductsBanking Services
Websitehttps://zw.barclays.com/

First Capital Bank is a financial institution in Zimbabwe and was previously called Barclays Bank Zimbabwe. It is now owned by FMBcapital Holdings. TheFirst Capital Bank of Zimbabwe bank’s head office is in Harare and it has 27 branches and 46 ATMs throughout the country.

Background

  • 1912; Opened first branch after Bank of Africa was acquired by National bank of South Africa and effectively became Barclays Bank controlled from South Africa.
  • 1928; The first Barclays Committee was established, responsible for local controls based in Bulawayo. 10 branches were opened by that time.
  • 1956; Introduced computers. During that time Barclays was implementing a comprehensive training programme running from 1951-1958.
  • 1960; Introduced the first night safe and safe deposit facility featured on its 8-storey head office in Harare built out of diamante sandstone on a black granite plinth and designed by Francis Lorne.
  • 1987; the first country branch was established in Gokwe officially opened by the then Deputy Prime Minister.
  • 1991; Barclays was the first financial institution to offer 30% of its shares to the public in an effort to encourage Zimbabwe to become first-time investors. The issue was oversubscribed five-fold and caused a record rise in stock market prices.
  • 1993; Barclays was one of two banks to have installed ATMs and by 1993 Barclays had 50 ATMs.
  • 2008-2012; Barclays rationalised its support structures and footprint in line with business levels obtaining which resulted in reduction in full-time employees from a peak of 1,423 in January 2008 to around 700 currently

[1]


Products

Personal Banking

Commercial Banking

Electronic Banking SME Banking Corporate Banking

Treasury

Spot Foreign Exchange Foreign Exchange

Branches

[2]

  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. Msasa Branch: 120–121 Mutare Road, Msasa, Harare
  11. Main Street Branch: 100 Main Street, Bulawayo
  12. Belmont Branch: 16 Plumtree Road, Belmont, Bulawayo
  13. Bulawayo Affluent Centre: 97A Robert Mugabe Way, 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. Gokwe Branch: Stand 972 Gokwe Growth Point, Gokwe
  19. Gweru Branch: Main Street at Robert Mugabe Way, Gweru
  20. Kadoma Branch: Stand 156, Herbert Chitepo Road, Kadoma
  21. Kwekwe Branch: 32 North Mandela Way, Kwekwe
  22. Marondera Branch: Hotel Street at The Green, Marondera
  23. Masvingo Branch: Robert Mugabe Street at Takawira Avenue, Masvingo
  24. Mutare Branch: 90 H. Chitepo Street, Mutare
  25. Victoria Falls Branch: 254 Livingstone Way, Victoria Falls
  26. Zvishavane Branch: Stand 22–23 Shabani Township, Zvishavane

[3]

Significant Events

George Guvamatanga quit Barclays Bank after 28 years (November 2017)[4]

In June 2018 First Merchant Bank of Malawi finalised the acquisition of the majority stake in Barclays Bank of Zimbabwe from its parent company, Barclays plc [5]

References

  1. Barclays Bank of Zimbabwe Limited, Barclays Bank of Zimbabwe Limited,, Retrieved: 18 June 2018
  2. Barclays Bank of Zimbabwe Limited, Barclays Bank of Zimbabwe,, Retrieved: 18 June 2018
  3. Barclays Bank of Zimbabwe Limited, Barclays Bank of Zimbabwe Limited,, Retrieved: 18 June 2018
  4. [http://www.chronicle.co.zw/guvamatanga-quits-barclays/, Guvamatanga quits Barclays,, Retrieved: 18 June 2018
  5. https://www.financialgazette.co.zw/fmb-buys-barclays-zimbabwe/, FMB buys Barclays Zimbabwe, Retrieved: 20 June 2018