Finance
List of Commercial banks Zimbabwe
![List of Commercial banks Zimbabwe 61 bank](https://www.globalbrandsmagazine.com/wp-content/uploads/2024/07/bank-11.jpg)
Zimbabwe’s banking sector is a fundamental part of the country’s financial infrastructure, enabling economic transactions, offering essential financial services, and supporting the growth and development of various industries. Despite challenges such as economic volatility and regulatory changes, the sector remains crucial to the economy, serving the needs of individuals, businesses, and government entities.
Zimbabwe’s Banking Sector: A Pillar of Economic Stability and Growth
Zimbabwe’s banking sector is crucial to the country’s financial infrastructure, facilitating economic transactions and supporting industry growth. It comprises various institutions, including commercial banks, building societies, and microfinance institutions, offering services from retail banking to insurance. Key players like CBZ Bank, Stanbic Bank Zimbabwe, Standard Chartered Zimbabwe, and Ecobank Zimbabwe provide specialized financial solutions. Recent advancements in digital banking and mobile money have significantly improved financial inclusion, particularly in rural areas. The sector is regulated by the Reserve Bank of Zimbabwe (RBZ) for stability and compliance, with the Bankers Association of Zimbabwe (BAZ) promoting industry cooperation. Despite challenges such as currency volatility, the sector’s resilience and focus on innovation continue to bolster Zimbabwe’s economic stability and growth.
Bank Name | Bank Sector | Bank Revenue(ZWL) | Bank Revenue (USD ) | Headquarters | Contact Details |
Absa Bank Zimbabwe Limited | Retail, Corporate | 27.4million | 0.08521million | Harare | +263 (24) 277 8000 |
BancABC Zimbabwe | Retail, Corporate | 121million | 0.37631million | Harare | +263 (24) 279 2000 |
Barclays Bank Zimbabwe Limited | Retail, Corporate | 8.3million | 0.02581million | Harare | +263 (24) 274 900 |
CBZ Bank Limited | Retail, Corporate | 803.763million | 2.4997million | Harare | +263 (24) 277 1000 |
FBC Bank Limited | Retail, Corporate | 427million | 1.32797million | Harae | +263 (24) 279 5000 |
NMB Bank Limited | Retail, Corporate | 1.28million | 0.00398million | Harare | +263 (24) 272 000 |
Standard Chartered Bank Zimbabwe Limited | Retail, Corporate | 3.3million | 0.01026million | Harare | +263 (24) 272 100 |
Stanbic Bank Zimbabwe Limited | Retail, Corporate | 373million | 1.16003million | Harare | +263 (24) 274 800 |
ZimBank Limited | Retail, Corporate | 14.523million | 0.04517million | Harare | +263 (24) 270 000 |
ZB Bank Limited | Retail, Corporate | 40million | 0.1244million | Harare | +263 (24) 274 600 |
Zimbabwe’s banking sector fuels economic growth through essential financial services and transactions.