The Banking Sector in Zimbabwe 2018

  • ID: 4529383
  • Report
  • Region: Zimbabwe
  • 123 pages
  • Who Owns Whom
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FEATURED COMPANIES

  • African Century Ltd
  • CBZ Holdings Ltd
  • FBC Holdings Ltd
  • Metbank Ltd
  • Nedbank Zimbabwe Ltd
  • Reserve Bank of Zimbabwe
  • MORE
The Banking Sector in Zimbabwe: The report on the Zimbabwean banking industry covers the Reserve Bank of Zimbabwe and deposit-taking institutions such as commercial banks, co-operatives, microfinance institutions (MFIs) and building societies. In 2016 the financial services sector contributed about 7% to GDP and total banking sector assets grew by 9.6% from US$10.26bn in September 2017 to US$11.25bn at the end of 2017. Of the current 19 licensed banks, 14 are commercial banks, four are building societies and there is one merchant bank that has been in provisional judicial management since 2015. In the sector 189 licensed MFIs are activ.
184 are credit-only and money-lending MFIs while five are deposit-taking MFIs.

Difficult Conditions: The current distress in the Zimbabwean banking sector is caused by an operating environment characterised by weak economic activity and cash and foreign currency shortages. Fiscal imbalances combined with the large volume of domestic borrowing in 2015/16 weakened the financial sector. The fiscal cash deficit was largely financed from domestic financial markets as external arrears prevented Zimbabwe from gaining access to international capital markets. Cash shortages followed, financing for imports dried up, and the current account deficit narrowed dramatically. The liquidity of banks is still under threat from the large fiscal deficit and government’s efforts to settle lending from banks by Treasury Bills that are being traded at discounts of around 40%.

Report Coverage:
The detailed report on the Zimbabwean banking sector describes current conditions, the latest events and regulatory developments and factors influencing the success of the sector. The report profiles 23 companies involved in the sector including the People’s Own Savings Bank, which has 34 branches countrywide. It also has 296 third-party retail networks contracted as agents, who are authorised to offer selected products and services such as bill payments, cash deposits, internal transfers and balance enquiries on behalf of the bank. Also profiled is Barclays Bank of Zimbabwe which used to be part of Barclays Bank Plc until it was sold to Malawi’s FMB Capital Holding in 2017.
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FEATURED COMPANIES

  • African Century Ltd
  • CBZ Holdings Ltd
  • FBC Holdings Ltd
  • Metbank Ltd
  • Nedbank Zimbabwe Ltd
  • Reserve Bank of Zimbabwe
  • MORE
1. Introduction

2. Country Information
2.1. Geographic Position

3. Description Of The Industry
3.1. Industry Value Chain

4. Size Of The Industry

5. State Of The Industry
5.1. Local
5.1.1. Corporate Actions
5.1.2. Regulations
5.1.3. Enterprise Development And Social Economic Development
5.2. Continental
5.3. International

6. Influencing Factors
6.1. Economic Environment
6.2. Treasury Bills
6.3. Digital Banking
6.4. Financial Inclusion
6.5. Rising Operating Costs
6.6. Information Technology And Innovation
6.7. Cryptocurrencies
6.8. Labour
6.9. Cybercrime
6.10. Environmental Concerns

7. Competition
7.1. Barriers To Entry

8. Swot Analysis

9. Outlook

10. Industry Associations

11. References
11.1. Publications
11.2. Websites
Company Profiles
African Century Ltd
Agricultural Bank Of Zimbabwe Ltd
Bancabc Zimbabwe Ltd
Barclays Bank Of Zimbabwe Ltd
Cbz Holdings Ltd
Central Africa Building Society
Ecobank Zimbabwe Ltd
Fbc Holdings Ltd
Infrastructure Development Bank Of Zimbabwe
Lion Microfinance Ltd
Metbank Ltd
Microplan Financial Services (Pvt) Ltd
National Building Society
Nedbank Zimbabwe Ltd
Nmbz Holdings Ltd
People's Own SAvings Bank
Reserve Bank Of Zimbabwe
Small And Medium Enterprises Development Corporation
Stanbic Bank Zimbabwe Ltd
Standard Chartered Bank Zimbabwe Ltd
Steward Bank Ltd
Success Microfinance Bank Ltd
Zb Financial Holdings Ltd 117
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  • Reserve Bank of Zimbabwe
  • CBZ Holdings Ltd
  • FBC Holdings Ltd
  • ZB Financial Holdings Ltd
  • Standard Chartered Bank Zimbabwe Ltd
  • BancABC Zimbabwe Ltd
  • NMBZ Holdings Ltd
  • Stanbic Bank Zimbabwe Ltd
  • Barclays Bank of Zimbabwe Ltd
  • Ecobank Zimbabwe Ltd
  • Steward Bank Ltd
  • Nedbank Zimbabwe Ltd
  • Metbank Ltd
  • Agricultural Bank of Zimbabwe Ltd (The)
  • Central Africa Building Society
  • National Building Society
  • People's Own Savings Bank (The)
  • Infrastructure Development Bank of Zimbabwe
  • Success Microfinance Bank Ltd
  • Lion Microfinance Ltd
  • African Century Ltd
  • Small and Medium Enterprises Development Corporation (The)
  • Microplan Financial Services (Pvt) Ltd
Note: Product cover images may vary from those shown
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