Articles tagged 'fbc bank'

FBC income on upward trend 28 August 2018 HARARE - FBC Holdings (FBC) will this year record a surge in interest income and commissions following an 18 percent rise in interest income in the first half, a local equities group has said. Highlighting that the group's income was set to maintain its upward trajectory on account of the inve...
FBC deploys 7k POS machines 9 July 2018 HARARE - Listed financial services group, FBC Holdings (FBC), has so far deployed 7 000 Point of Sale (POS) machines around the country in a drive to promote the use of cash-lite transactions, an executive with the bank said. FBC chief executive John Mushayavanhu last week said despite operati...
FBC partners Education ministry on e-learning initiative 9 March 2018 HARARE - FBC Bank has signed a Memorandum of Understanding with the Primary and Secondary Education ministry under which the bank will finance e-learning at 20 schools which scooped the Secretary's Merit Awards. As part of the partnership between the two organisations, FBC Bank will buy e-lear...
FBCH diversification pays dividends 28 August 2017 HARARE - Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy. The group's chairperson, Herbert Nkala, said FBCH's six business units recorded positive performances in the half year to June 2017 resulting in a $11,...
CAPS needs $6 million for recapitalisation 9 December 2016 HARARE - CAPS Holdings, Zimbabwe's largest pharmaceutical group, urgently requires $6 million in recapitalisation funds, with the drug-maker currently operating at five percent of installed capacity. Government assumed control of the stuttering drug-maker in August after buying out ex-major sh...
Ex-Zifa boss' property go under hammer 16 November 2015 HARARE - Property worth thousands of dollars belonging to ex-Zimbabwe Football Association (Zifa) president Cuthbert Dube is set for auction to settle a $500 000 loan which he owes a local financial institution. The bank, a subsidiary of FBC Holdings Limited, is now seeking an order for the ex...
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 in $10m PTA deal 21 March 2014 HARARE - FBC Holdings (FBCH) is finalising a $10 million import facility with PTA Bank (PTA), its chief executive John Mushayavanhu said. He told businessdaily that it would be available shortly. “In 2013, we got $15 million from Afrexim Bank, a trade finance line of credit for a year and $...
FBC Bank tellers up for $500k fraud 31 January 2014 HARARE - A trainee customer service officer with FBC Bank reportedly connived with a bank teller and swindled the Mines ministry of more than $500 000. Nicola Gweshe, 28, who is based at FBC Mutare, and Dionne Kwezani, 27, a bank teller at the bank’s Harare branch, appeared before Harare magis...
Kasamba rolls back the clock 6 October 2013 HARARE - Music superstar Oliver Mtukudzi showed why he is truly a legend with last week's tribute concert that left his fans spellbound. After a dinner held in his honour hosted by FBC Bank on September 26 that attracted Cabinet ministers, security chiefs and the-who-is-who in the world of mus...
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...
Bank teller collapses after sentencing 19 March 2013 HARARE - A chief teller at FBC Bank collapsed in the dock yesterday after magistrate Lazarus Murendo told him he would spend the next two years in prison for stealing from his employer. Alfred Madzokere, 28, had to be taken out of the court room by prison guards to his new home while still uncons...