# FBC Bank > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/FBC_Bank > Markdown URL: https://mediated.wiki/source/FBC_Bank.md > Source: https://en.wikipedia.org/wiki/FBC_Bank > Source revision: 1356468194 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) **FBC Bank**, whose full name is **FBC Bank Limited**, is a [commercial bank](/source/Commercial_bank) in [Zimbabwe](/source/Zimbabwe). It is licensed by the [Reserve Bank of Zimbabwe](/source/Reserve_Bank_of_Zimbabwe), the [central bank](/source/Central_bank) and national banking regulator.[1] ## Location The main branch and headquarters of the bank are located on the 6th Floor of the FBC Centre, at 45 Nelson Mandela Avenue, in [Harare](/source/Harare), the [capital](/source/Capital_city) and largest city of Zimbabwe.[2] The geographical coordinates of this bank's headquarters are: 17°49'46.7"S, 31°02'46.7"E (Latitude:-17.829639; Longitude:31.046306).[3] ## Overview As of December 2017, FBC Bank was a medium-sized banking institution, whose total asset valuation was US$558.1 million, and shareholder's equity of US$77.9 million.[4] The bank is very active in the digital and mobile banking arena. This has become very pertinent in the current environment, where the country has adopted a multi-currency system; using the South African Rand, the US dollar, Euro and others.[5] FBC Bank is a 100% subsidiary of *First Banking Corporation Holdings Limited*, commonly known as *FBC Holdings Limited*, a publicly traded financial services company whose shares are listed on the [Zimbabwe Stock Exchange](/source/Zimbabwe_Stock_Exchange), under the symbol: **FBCH**. The holding company owns subsidiaries, as depicted in the table below:[2] FBC Holdings Limited Subsidiaries Rank Name of Subsidiary Asset Value Core Capital Notes 1 FBC Bank Limited US$558.1 million US$75.2 million Commercial Bank 2 FBC Building Society US$129.9 million US$47.4 million Building Society 3 Microplan Financial Services Limited US$19.8 million US$9.5 million Microfinance Institution 4 FBC Securities Limited Brokerage Services 5 FBC Reinsurance Limited Reinsurance Total US$712.4 million US$144.2 million ## History The bank was established as **First Banking Corporation Limited**, in 1997. In 2004, the bank was wholly acquired by **FBC Holdings Limited**, a diversified financial services conglomerate involved in banking, insurance, brokerage, advisory and asset management. Following the acquisition, the bank rebranded to FBC Bank Limited.[2] ## Ownership structure The bank is a 100 percent subsidiary of FBC Holdings Limited. The investors in FBC Holdings were as listed in the table below, as of 31 December 2016.[6] Shareholding in FBC Holdings Limited Rank Shareholder Percentage Ownership 1 National Pension Scheme of Zimbabwe 35.13 2 Shorecap II Limited–NNR 7.31 3 Stanbic Nominees–NNR 5.21 4 Tirent Investments Private Limited 4.73 5 Cashgrant Investments Private Limited 4.11 6 Local Authorities Pension Fund 3.32 7 Stanbic Nominees Private Limited 3.24 8 FBC Holdings Limited 3.17 9 SCB Nominees 1.75 10 Vidryl International Private Limited 1.70 11 Others 30.33 Total 100.00 ## Branch network FBC Bank maintains branches at the following locations: 1. Head Office - 45 Nelson Mandela Avenue, [Harare](/source/Harare) 1. Samora Machel Avenue Branch - 76 Samora Machel Avenue, [Harare](/source/Harare) 1. Nelson Mandela Avenue Branch - 34 Nelson Mandela Avenue, [Belvedere, Harare](/source/Belvedere,_Harare) 1. Msasa Branch - 104 Mutare Road, Msasa Industrial Area, [Harare](/source/Harare)[7] 1. FBC Private Bank Branch - 2 Lanark Road, [Belgravia](/source/Belgravia), [Harare](/source/Harare) 1. Southerton Branch - 11 Highfields Junction Shops, Southerton, [Harare](/source/Harare) 1. Bulawayo Branch - 108 Jason Moyo Avenue, [Bulawayo](/source/Bulawayo) 1. International Airport Branch - [Harare International Airport](/source/Harare_International_Airport) 1. Mutare Branch - 50B Herbert Chitepo Street, [Mutare](/source/Mutare) 1. Zvishavane Branch - Robert Mugabe Way, [Zvishavane](/source/Zvishavane) 1. Kwekwe Branch - Robert Mugabe Way, [Kwekwe](/source/Kwekwe) 1. Beitbridge Branch - NSSA Complex, [Beitbridge](/source/Beitbridge) 1. Chitungwiza Branch - 197 Tilcor Township, Seke, [Chitungwiza](/source/Chitungwiza) 1. Victoria Falls Branch - Shops 4&5 Galleria Complex, [Victoria Falls](/source/Victoria_Falls) 1. Bulawayo Private Bank Branch - 2nd Floor, FBC House, 108 Jason Moyo Avenue, [Bulawayo](/source/Bulawayo) 1. Graniteside Branch - 1 Crawford Graniteside Off Seke Road [Harare](/source/Harare) ## See also - [List of banks in Zimbabwe](/source/List_of_banks_in_Zimbabwe) - [Reserve Bank of Zimbabwe](/source/Reserve_Bank_of_Zimbabwe) - [Economy of Zimbabwe](/source/Economy_of_Zimbabwe) ## References 1. Reserve Bank of Zimbabwe (14 May 2018). ["List of Registered Banking Institutions"](http://www.rbz.co.zw/banking-institutions.html). Harare: [Reserve Bank of Zimbabwe](/source/Reserve_Bank_of_Zimbabwe). Retrieved 14 May 2018. 1. Reserve Bank of Zimbabwe (14 May 2018). ["Profile of FBC Bank Limited"](http://www.rbz.co.zw/fbc-bank.html). Harare: [Reserve Bank of Zimbabwe](/source/Reserve_Bank_of_Zimbabwe). Retrieved 14 May 2018. 1. FBC Holdings (28 March 2018). ["FBC Holdings Limited: Audited Financial Results For The Year Ended 31 December 2017"](https://www.fbc.co.zw/sites/default/files/PRESS%20FINANCIALS%20FBC%20HOLDINGS_1.pdf). Harare: FBC Holdings Limited. Retrieved 14 May 2018. 1. Mullan, Laura. ["How FBC Bank is disrupting the Zimbabwean banking sector with technological ingenuity"](https://web.archive.org/web/20180515124307/https://www.gigabitmagazine.com/company/how-fbc-bank-disrupting-zimbabwean-banking-sector-technological-ingenuity). *Gigabit Magazine*. Archived from [the original](https://www.gigabitmagazine.com/company/how-fbc-bank-disrupting-zimbabwean-banking-sector-technological-ingenuity) on 15 May 2018. Retrieved 14 May 2018. 1. FBC Holdings (7 June 2017). ["FBC Holdings Limited: Annual Report for the Year Ended 31 December 2016"](https://www.fbc.co.zw/sites/default/files/FBC%20ANNUAL%20REPORT%202016.pdf). Harare: FBC Holdings Limited. Retrieved 15 May 2018. 1. Administrator (8 September 2010). ["FBC Bank opens Msasa Branch – Another Milestone"](https://africabusinesscommunities.com/news/fbc-bank-opens-msasa-branch-another-milestone/). Harare: Africa Business Communities Quoting Africa Banking Network. Retrieved 14 May 2018. ## External links - [Website of FBC Bank Limited](https://www.fbc.co.zw/banking/) - [FBC Bank opens SME Departments](https://www.newsday.co.zw/2015/09/fbc-bank-opens-sme-departments/) - [How FBC bank is disrupting the Zimbabwean banking sector with technological ingenuity](https://www.gigabitmagazine.com/company/how-fbc-bank-disrupting-zimbabwean-banking-sector-technological-ingenuity#) [Archived](https://web.archive.org/web/20180515124307/https://www.gigabitmagazine.com/company/how-fbc-bank-disrupting-zimbabwean-banking-sector-technological-ingenuity) 15 May 2018 at the Wayback Machine As of 5 April 2018. --- Adapted from the Wikipedia article [FBC Bank](https://en.wikipedia.org/wiki/FBC_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/FBC_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.