# Metbank

> Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Metbank
> Markdown URL: https://mediated.wiki/source/Metbank.md
> Source: https://en.wikipedia.org/wiki/Metbank
> Source revision: 1319355398
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{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](/source/Harare), [Zimbabwe](/source/Zimbabwe)
| key_people = Darlick E. Marandure<br/>([Chairman](/source/Chairman))<br/> Belmont Ndebele<br/> ([Managing Director](/source/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](/source/Financial_services)
| products = {{hlist|[Loans](/source/Loans)|[savings](/source/savings)|[checking](/source/cheque)|[investments](/source/investments)|[debit cards](/source/debit_cards)|[credit cards](/source/credit_cards)|[mortgages](/source/mortgages)}}
| homepage = {{url|www.metbank.co.zw}}
}}

'''Metbank''', formerly known as '''Metropolitan Bank of Zimbabwe''', 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.<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](/source/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](/source/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](/source/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](/source/small_to_medium_enterprises) (SMEs), as well as individuals. The bank partners with [MasterCard](/source/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](/source/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](/source/Share_capital) 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](/source/Harare)
# Bulawayo Branch: Meikles Building, Corner Jason Moyo/ Leopold Takawira [Bulawayo](/source/Bulawayo)
# Gweru Branch: Shop No. 1 & 2 Bahadaur Centre, Main Street, [Gweru](/source/Gweru)
# Mutare Branch: Shop 1, Zimre Centre, Corner of Herbert Chitepo Street and 5th Street, [Mutare](/source/Mutare)

==Governance==
The chairperson of the bank's [board of directors](/source/board_of_directors) is Dr. Linda Chipunza, a non-executive director. The [managing director](/source/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](/source/List_of_banks_in_Zimbabwe)
*[Reserve Bank of Zimbabwe](/source/Reserve_Bank_of_Zimbabwe)
*[Economy of Zimbabwe](/source/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

---
Adapted from the Wikipedia article [Metbank](https://en.wikipedia.org/wiki/Metbank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Metbank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.