The Banking Sector in Zimbabwe 2018: Current Conditions, Latest Events & Regulatory Developments and Success Influencing Factors - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The “The Banking Sector in Zimbabwe 2018” report has been added to ResearchAndMarkets.com’s offering.
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.
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 active. 184 are credit-only and money-lending MFIs while five are deposit-taking MFIs.
Companies MentionedReserve 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
Key Topics Covered
2. Country Information
3. Description of the Industry
4. Size of the Industry
5. State of the Industry
6. Influencing Factors
8. SWOT Analysis
10. Industry Associations
For more information about this report visit https://www.researchandmarkets.com/research/4d78kh/the_banking?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180612006073/en/
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KEYWORD: ZIMBABWE MIDDLE EAST
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 06/12/2018 11:20 AM/DISC: 06/12/2018 11:21 AM