StanChart update on FBC takeover

Sam Chiveya
Sam Chiveya - Editor
1 Min Read

The bank will “operate as a separate bank, and we’re in the process of securing necessary approvals for the bank’s new name”.
FBC last year deposited US$34m into escrow to show “capacity” for the deal.

As at Dec 2022, FBC was Zim’s 4th biggest bank by loan book, accounting for 11% of loans (2021:10%). StanChart held 1.18% (from 3% in 2021).

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FBC’s largest shareholders are NSSA (35%), Public Service Fund (11%), John Mushayavanhu (7% through his Tirent Investments)

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StanChart update on FBC takeover

The bank will “operate as a separate bank, and we’re in the process of securing necessary approvals for the bank’s new name”.
FBC last year deposited US$34m into escrow to show “capacity” for the deal.

As at Dec 2022, FBC was Zim’s 4th biggest bank by loan book, accounting for 11% of loans (2021:10%). StanChart held 1.18% (from 3% in 2021).

Share
Share

FBC’s largest shareholders are NSSA (35%), Public Service Fund (11%), John Mushayavanhu (7% through his Tirent Investments)

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(+263) 77 380 2386

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