Operating Banking Institutions
First Capital Bank Limited (formerly Barclays Bank of Zimbabwe Limited)
1st Street/Jason Moyo Avenue,
Telephone: +263 - 8677007335
Type of bank: Commercial Bank
Date of establishment: 1912
- 1912; Opened first branch after Bank of Africa was acquired by National bank of South Africa and effectively became Barclays Bank controlled from South Africa.
- 1928; as the business grew, the first Barclays Committee was established, responsible for local controls based in Bulawayo. 10 branches were opened by that time.
- 1956; Barclays was the first bank to introduce computers making banking service delivery increasingly efficient. During that time Barclays was implementing a comprehensive training programme running between 1951-1958.
- 1960; Barclays was the first to introduce the first night safe and safe deposit facility featured on its newly established 8-storey head office in Harare built out of diamante sandstone on a black granite plinth and designed by Francis Lorne.
- 1987; the first country branch was established in Gokwe officially opened by the then Deputy Prime Minister who praised Barclays for heeding the government’s call to bring banking to rural people.
- 1991; Barclays was the first financial institution to offer 30% of its shares to the public in an effort to encourage Zimbabwe to become first time investors. The issue was oversubscribed five-fold and caused a record rise in stock market prices.
- 1993; Barclays was one of the only two banks to have installed ATMs to improve service delivery and by 1993 Barclays had 50 ATMs.
- 2008-2012; Barclays rationalised its support structures and foot print in line with business levels obtaining which resulted in reduction in fulltime employees from a peak of 1,423 in January 2008 to around 700 currently.
Ownership: Barclays Bank of Zimbabwe Limited is a subsidiary of Barclays Bank plc, which is
the majority shareholder of the bank. It is locally registered and is a publicly quoted company with the investing public holding 32.04% shares. Major
shareholders in the bank AS AT 30 JUNE 2014 are:
- Afcarme Zimbabwe Holding PL 67.68%
- Old Mutual Life Assurance LTD 4.50%
- STANDARD CHARTERED NOMINEES (PVT) LTD –NNR 3.03%
- FED NOMINEES (PVT) LTD 2.42%
Chairman: Sydney Mtsambiwa
Chief Executive Officer: Samuel Matsekete
Auditors : KPMG Chartered Accountants
Number of employees: 711
Number of branches : 31