Articles tagged 'fbc'

'99-year lease no guarantee for funding' 4 April 2018 HARARE - FBC Holdings chief executive John Mushayavanhu says banks' acceptance of 99-year leases as collateral does not serve as a guarantee of funding to the holders. Mushayavanhu pointed out that 99-year leases are no guarantee for funding and farmers should take into account individual bank...
FBC Bank receives $60m loan 28 August 2014 HARARE - Standard Chartered Zimbabwe (StanChart), Germany-based Commerzbank Aktiengesellschaft and Investec Asset Management Proprietary Limited have concluded a $60 million three-year syndicated term loan facility for FBC Bank Limited (FBC). The syndication is significant in that the funds wi...
FBCH seeks $5m PTA loan 12 December 2013 HARARE - FBC Holdings Limited (FBCH)'s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe's housing backlog. In a joint interview with his FBC Building Society (FBCBS) managin...
FBCH shelves merger plans 5 September 2013 HARARE - Listed financial services group FBC Holdings Limited (FBCH) has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the banks' recapitalisation deadlines. The group intends to combine FBC Bank and FBC Building Society as part of strategie...
Mauritian firm snaps 7% FBC stake 2 July 2013 HARARE – Listed financial services group FBC Holdings (FBCH) has disposed of a 7, 31 percent stake to a Mauritius-based international private equity company ShoreCap II Limited for $4, 9 million. The group plans to channel the undisclosed proceeds towards boosting its micro-finance business. ...
FBC secures $50m offshore credit 29 June 2013 HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings Limited (FBC) says it has secured nearly $50 million in credit lines from international money lenders. John Mushayavanhu (pictured), the group's chief executive on Thursday said they had already drawn down $8 million...
FBC awaits Homelink bid approval 10 January 2013 HARARE - Financial services group FBC Holdings Limited (FBCH) says it awaits approval of its bid to acquire Reserve Bank of Zimbabwe (RBZ) s subsidiary Homelink (Private) Limited. Priscilla Sadomba, FBCH s group marketing head, told businessdaily that the matter was yet to be concluded. FBCH subm...