FINANCIAL SERVICES

Barclays Bank Zimbabwe is hiring

We are searching for graduates who are not only capable of succeeding in our organisation today and are also potential leaders of tomorrow. Our flagship Graduate Trainee Programme is a two year advent...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Barclays Bank Zimbabwe to change name

BARCLAYS Bank Zimbabwe (BBZ) has announced plans to change its name to First Capital Bank Limited following the financial institution takeover by First Merchant Bank of Malawi last year.Last October, ...

By Staff reporter | Published: 12 June 2018

FINANCIAL SERVICES

Barclays Zimbabwe gives $70k to young farmers

BARCLAYS Bank Zimbabwe has given the Zimbabwe Farmers' Union (ZFU) $70 000 for the "Fit for Life" programme, which aims to contribute to financial inclusion and food security, up-skill, educate and im...

By Staff reporter | Published: 10 June 2018

FINANCIAL SERVICES

Barclays Zim to operate under dual brand by October

BARCLAYS Bank of Zimbabwe says it will be operating under a dual brand by October this year following its acquisition by FMB Malawi last year.Last October, FMB received regulatory approvals to acquire...

By The Source | Published: 04 June 2018

FINANCIAL SERVICES

Barclays Zim invests $10m in digital migration

Following its acquisition by FMB Capital of Malawi, Barclays Bank Zimbabwe, says it is investing around $10 million in respect of the migration of its digital systems.Last year, FMB Capital acquired a...

By Staff reporter | Published: 31 May 2018

FINANCIAL SERVICES

Barclays' loan book improves

BARCLAYS Bank of Zimbabwe says its non-performing loans stood at 2,2% at the end of 2017, a reflection of a quality loan book, the bank's head of customer service and corporate affairs, Emily Nemapare...

By Staff reporter | Published: 08 May 2018

FINANCIAL SERVICES

Barclays restructures executive committee

Barclays Africa Group Limited yesterday announced a new structure that aligns the group's executive committee portfolio with its new strategy as the bank plans to double its market share of Africa ban...

By Staff reporter | Published: 10 April 2018

FINANCIAL SERVICES

Barclays profit surges 83 percent

STRONG revenue growth led to an 83 percent surge in profit at Barclays Bank of Zimbabwe, which posted $19,8 million during the year to December 31, 2017, up from $10,8 million the previous year.Managi...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

Barclays to pay $2bn for losses caused by fraudulent scheme

BARCLAYS has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 an...

By Reuters | Published: 04 April 2018

FINANCIAL SERVICES

Barclays Plc cut Zimbabwe ties

BARCLAYS Bank Plc will  today cease to offer correspondent banking services for its former Zimbabwean unit, which it sold to Malawi's FMB Capital last year.FMB Capital acquired 43 percent shareho...

By Staff reporter | Published: 01 February 2018

FINANCIAL SERVICES

Guvamatanga quits Barclays

BARCLAYS Bank Zimbabwe managing director Mr George Guvamatanga has quit the organisation after 28 years of service.In a statement yesterday, chairman, Mr Antony Mandiwanza, said Mr Guvamatanga had ret...

By Staff reporter | Published: 12 December 2017

FINANCIAL SERVICES

Barclays to further reduce stake in Barclays Africa

British multinational bank Barclays on Friday announced that it would be reducing its stake in Barclays Africa to 14.9%. "Barclays has indicated that this represents its desired long term shareholding...

By Staff reporter | Published: 01 December 2017

FINANCIAL SERVICES

FMB completes acquisition of Barclays

MALAWI Stock Exchange listed FMB Capital Holdings has completed the acquisition of a majority stake in Barclays Bank Zimbabwe after receiving approvals for all regulatory requirements. This gives FMBC...

By Staff reporter | Published: 16 October 2017

FINANCIAL SERVICES

Barclays deal sealed

British lender Barclays Plc on Thursday sealed disposal of its local unit to Malawi's FMB Capital Holdings (FMBCH).Barclays Bank of Zimbabwe (BBZ) said completion of this transaction follows complianc...

By Staff reporter | Published: 15 October 2017

FINANCIAL SERVICES

Comesa looking into FMB's Barclays deal

The Common Market for Eastern and Southern Africa Competition Commission has begun the process of looking into the acquisition of Barclays Bank Zimbabwe's majority shareholding by FMB Malawi from Barc...

By Staff reporter | Published: 03 September 2017

FINANCIAL SERVICES

Barclays deal irks Mugabe's nephew

INDIGENISATION minister Patrick Zhuwao is demanding a review of the sale of Barclays Bank of Zimbabwe to a Malawian financial institution, saying the deal might have violated Zimbabwe's laws, it has ...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Barclays Zim workers split over share trust

A proposal by Barclays Plc to cede 15 percent of its shares in Barclays Bank of Zimbabwe into an employee trust has split the workers, with low-level managers demanding revision of terms.Over 500 wor...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

Zimbabwe approves Barclays take-over

BARCLAYS Plc is proceeding with the sale of Barclays Bank of Zimbabwe to Malawi-listed lender, FMB Capital, after receiving unofficial authorisation from the central bank to close the transaction, acc...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

Barclays Zim divesture to be completed in 2H

Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going ...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Barclays confirms windfall to Zimbabwe workers

Barclays Plc and the Barclays Bank of Zimbabwe board of directors are constituting a board of trustees to superintend the 322 998 026 ordinary shares to be housed under the Employee Share Ownership Tr...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Barclays Zimbabwe posts a strong set of financials

Barclays posted a strong set of financials for H1 17, showing a 2.9x surge in attributable earnings to $9.5m, just shy of FY 16 earnings of $10.8m. NII income was supported by the bank's access to low...

By Staff reporter | Published: 10 August 2017

FINANCIAL SERVICES

Barclays deal under new threat

The takeover of Barclays Bank Zimbabwe by Malawi-based First Merchant Bank has hit a new snag and is under threat from the controversial indigenization policy compelling foreign investment compelling ...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

Barclays to pay out $2,6m bonus

Barclays Bank Plc will pay out a £2 million (US$2,6 million) closing bonus to Barclays Zimbabwe Limited workers as the United Kingdom-based banking group divests from the local market after 105 years...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Barclays shares shoot up after FMB deal

BARCLAYS Bank of Zimbabwe's share price has risen 27 percent since the announcement of its imminent takeover by FMB Capital of Malawi.Britain's Barclays Plc announced the sale of its Zimbabwe unit to ...

By Staff reporter | Published: 20 July 2017

FINANCIAL SERVICES

Controversy dogs Barclays deal

The sale of Barclays Bank Zimbabwe (BBZ) continues to be dogged by controversy amid revelations that the deal was consummated through a share-swap and in which Barclays plc would get a stake in Maurit...

By Staff reporter | Published: 17 July 2017
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