{{Short description|Commercial bank in Zimbabwe}} {{Use dmy dates|date=November 2019}} {{Infobox company | name = Metbank | logo = | type = Private | company_slogan = | foundation = {{start date and years ago|1999}} | location = Harare, Zimbabwe | key_people = Darlick E. Marandure<br/>(Chairman)<br/> Belmont Ndebele<br/> (Managing Director) | num_employees = 251 (2018)<ref name="Three"/> | revenue = {{profit}}US$660,288 (2016)<ref name="One"/> | assets = US$200.7 million (2016)<ref name="One"/> | industry = Financial services | products = {{hlist|Loans|savings|checking|investments|debit cards|credit cards|mortgages}} | homepage = {{url|www.metbank.co.zw}} }}
'''Metbank''', formerly known as '''Metropolitan Bank of Zimbabwe''', is a commercial bank in Zimbabwe. It is licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.<ref name="Two">{{cite web| location=Harare | url=http://www.rbz.co.zw/banking-institutions.html |title=List of Registered Banking Institutions |access-date=15 May 2018 |publisher=Reserve Bank of Zimbabwe |date=15 May 2018 |author=Reserve Bank of Zimbabwe}}</ref>
==Location== The headquarters and main branch of Metbank are located in Metropolitan House, at 3 Central Avenue, in Harare the capital and largest city of Zimbabwe.<ref name="Three">{{cite web| url=http://www.rbz.co.zw/metbank.html |title=Profile of Metbank Limited |publisher=Reserve Bank of Zimbabwe |location=Harare | author=Reserve Bank of Zimbabwe |access-date=15 May 2018 |date=15 May 2018}}</ref> The geographical coordinates of the bank's headquarters are: 17°49'31.0"S, 31°03'02.0"E (Latitude:-17.825278; Longitude:31.050556).<ref name="Four">{{google maps| access-date=15 May 2018 |title=Location of the Headquarters of Metbank Limited, 3 Central Avenue, Harare | url=https://www.google.com/maps/place/17%C2%B049'31.0%22S+31%C2%B003'02.0%22E/@-17.8253972,31.0501583,117m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-17.8252778!4d31.0505556}}</ref>
==Overview== Metbank serves large corporations, small to medium enterprises (SMEs), as well as individuals. The bank partners with MasterCard to issue debit and credit cards. {{asof|December 2016}}, Metbank was a medium-sized financial services provider, with an asset base of US$200.7 million, with shareholders' equity of US$55.9 million.<ref name="One">{{cite web|date=3 April 2017 | url=https://www.insiderzim.com/metbank-zimbabwe-profit-doubles/ | title=Metbank Zimbabwe profit doubles |access-date=15 May 2018 | publisher=Zimbabwe Insider | author=Charles Rukuni | location=Harare}}</ref>
Metbank Limited has been involved with the introduction of digital banking, branchless banking, and internet banking and agency banking, while keeping the number of brick-and-mortar branches low. As of February 2018, Metbank had a network of banking agents numbering over 150, both inside and outside Zimbabwe. Many of these agents are women and youth, who otherwise would be unemployed.<ref>{{cite web|location=Bulawayo |url=https://bulawayo24.com/index-id-business-sc-companies-byo-127135.html |title=Metbank 'branchless' banking sets new tone for innovative banking |access-date=15 May 2018 |date=1 February 2018 |first=Tapiwa |last=Vhurundiya |publisher=Bulawayo24.com}}</ref>
==Ownership== According to the website of the Reserve Bank of Zimbabwe, the major shareholders in the stock of the bank include the following:<ref name="Three"/>
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto" |+ '''Shareholding in Metbank''' ! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership |- |1|| Loita Finance Holdings Limited ||60.00 |- |2|| Blisford Investments Private Limited ||10.00 |- |3|| Crudge Investments Private Limited ||10.00 |- |4|| Metropolitan Bank Trust||7.20 |- |5|| Rhinemead Investments Private Limited ||6.40 |- |6|| Knopfler Investments Private Limited ||2.80 |- |7|| Equestrian Trading Private Limited ||2.80 |- |8||CAI Pension Fund ||0.80 |- | | '''Total'''|| ||'''100.00''' |- |}
==Branch network== {{asof|2021|January|lc=y}}, Metbank maintains a network of branches at the following locations:<ref name="Six">{{cite web|date=15 May 2018 |url=http://www.metbank.co.zw/ |title=The Branch Network of Metbank Limited |access-date=15 May 2018 |publisher=Metbank Limited |author=Metbank Limited |location=Harare}}</ref>
# '''Main Branch''': Metropolitan House, 3 Central Avenue, Harare # Bulawayo Branch: Meikles Building, Corner Jason Moyo/ Leopold Takawira Bulawayo # Gweru Branch: Shop No. 1 & 2 Bahadaur Centre, Main Street, Gweru # Mutare Branch: Shop 1, Zimre Centre, Corner of Herbert Chitepo Street and 5th Street, Mutare
==Governance== The chairperson of the bank's board of directors is Dr. Linda Chipunza, a non-executive director. The managing director is Belmont Ndebele.<ref name="Seven">{{cite web|access-date=15 January 2022|url=https://www.metbank.co.zw/about-metbank/board-of-directors|title=Board of Directors| work=Metbank}}</ref>
==See also== *List of banks in Zimbabwe *Reserve Bank of Zimbabwe *Economy of Zimbabwe {{Portal|Banks}}
==References== {{Reflist}}
==External links== *[http://www.metbank.co.zw/ Homepage of Metbank] *[https://web.archive.org/web/20050731075607/http://www.rbz.co.zw/ Website of Reserve Bank of Zimbabwe]
Category:Banks of Zimbabwe Category:Banks established in 1999 Category:1999 establishments in Zimbabwe