Operating Banking Institutions

PEOPLE'S OWN SAVINGS BANK

Head Office
Corner Third Street /Central Avenue,
Harare,
Zimbabwe
Telephone: 793831-7,729701,
Fax: 708537,730971
Telex:

Website: www.posb.co.zw

Postal Address
P.O BOX CY 1628,
Causeway,
Harare,
Zimbabwe

Type of bank: Savings Bank

Date of establishment: 1904

History

  • 1904: POSB started operations as the Post Office Saving Bank
  • 1965: Post Office Savings Bank  Act [Chapter 24:10] came into place
  • 1999: People’s Own Savings Bank “POSB/bank” was established as  a corporate body in terms of section 3 of the People’s Own Savings Bank of Zimbabwe Act [Chapter 24:22]
  • 2001: Commercialisation started and resulted into unbundling of Posts & Telecommunications Corporation (PTC) into the following business units: Net-One, Tel-One, Zimpost and POSB.

Ownership: 100% owned by the Government of Zimbabwe

Chairman: Ms. Mathilda Dzumbunu

Chief Executive Officer: Mr. A. Kandlela

Auditors : Comptroller & Auditor General

Number of employees: 453

Number of branches : 34

Number of Agencies : 220 (Zimpost)

                                   18 (Meikles)

Stanbic Bank Limited

Head Office
Stanbic Centre,
59 Samora Machel Avenue,
Harare,
Zimbabwe
Telephone:+263 4-759471-9
Fax: 04-751324
Telex:

Website: www.stanbicbank.co.zw

Postal Address
Box 300,
Harare,
Zimbabwe

Type of bank: Commercial Bank

Date of establishment: 1965

History
Stanbic Bank is a locally registered bank, established in Zimbabwe in 1965 as ANZ Grindlays Bank and became part of the Standard Group in 1992 following the acquisition of the African operations of ANZ Bank.

Ownership: 100% owned by Standard Bank (South Africa)

Chairman: Stanford Moyo

Chief Executive Officer: Joshua Tapambgwa

Auditors : KPMG

Number of employees: 659

Number of branches : 20