Metbank, formerly known as Metropolitan Bank of Zimbabwe, is a commercial bank in Zimbabwe. It is licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.
Location The headquarters and main branch of Metbank are located in Metropolitan House, at 3 Central Avenue, in Harare the capital and largest city of Zimbabwe. The geographical coordinates of the bank's headquarters are: 17°49'31.0"S, 31°03'02.0"E (Latitude:-17.825278; Longitude:31.050556).
Overview Metbank serves large corporations, small to medium enterprises (SMEs), as well as individuals. The bank partners with MasterCard to issue debit and credit cards. , Metbank was a medium-sized financial services provider, with an asset base of US$200.7 million, with shareholders' equity of US$55.9 million.
Metbank Limited has been involved with the introduction of digital banking, branchless banking, and internet banking and agency banking, while keeping the number of brick-and-mortar branches low. As of February 2018, Metbank had a network of banking agents numbering over 150, both inside and outside Zimbabwe. Many of these agents are women and youth, who otherwise would be unemployed.
Ownership According to the website of the Reserve Bank of Zimbabwe, the major shareholders in the stock of the bank include the following:
+ Shareholding in Metbank Rank Shareholder Percentage Ownership1 Loita Finance Holdings Limited 60.002 Blisford Investments Private Limited 10.003 Crudge Investments Private Limited 10.004 Metropolitan Bank Trust7.205 Rhinemead Investments Private Limited 6.406 Knopfler Investments Private Limited 2.807 Equestrian Trading Private Limited 2.808CAI Pension Fund 0.80 Total 100.00
Branch network , Metbank maintains a network of branches at the following locations:
Main Branch: Metropolitan House, 3 Central Avenue, Harare Bulawayo Branch: Meikles Building, Corner Jason Moyo/ Leopold Takawira Bulawayo Gweru Branch: Shop No. 1 & 2 Bahadaur Centre, Main Street, Gweru Mutare Branch: Shop 1, Zimre Centre, Corner of Herbert Chitepo Street and 5th Street, Mutare
Governance The chairperson of the bank's board of directors is Dr. Linda Chipunza, a non-executive director. The managing director is Belmont Ndebele.
See also List of banks in Zimbabwe Reserve Bank of Zimbabwe Economy of Zimbabwe
References
External links Homepage of Metbank Website of Reserve Bank of Zimbabwe