FINANCIAL SERVICES

MetBank names Marandure new chairperson

METBANK has announced the appointment of a new chairperson who takes over from Wilson Manase whose tenure has expired.In a statement, the bank said Darlick Marandure took over from Manase in June 2018...

By Staff reporter | Published: 28 April 2019
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FINANCIAL SERVICES

Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the i...

By Staff reporter | Published: 12 September 2018
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FINANCIAL SERVICES

Metbank opens exporters' hubs

METBANK has opened an exporters' hub in Harare aimed at stimulating the country's economic growth through increased production.This was after the bank had earlier in the year signed agreements with th...

By Staff reporter | Published: 06 September 2018
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FINANCIAL SERVICES

BCC recovers only $32 000 from Metbank

THE Bulawayo City Council (BCC) has recovered from the Metbank $32 512 of the $1 million it lost after the financial institutions went under a few years ago.The local authority's finance department on...

By Staff reporter | Published: 10 July 2018
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BUSINESS NEWS

BCC, Metbank partnership hangs in balance

THE proposed housing development partnership between Bulawayo City Council (BCC) and Metbank still hangs in the balance, pending approval by the Local Government ministry.BCC last year proposed a part...

By Staff reporter | Published: 07 July 2018
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FINANCIAL SERVICES

MetBank drags Harare to court over $1m debt

The Harare Municipal Medical Aid Society (HMMAS) is being sued by Met Bank Ltd for failing to repay a loan of $1 million.According to the lawsuit filed by Met Bank, HMMAS failed to pay back $1 037 283...

By Staff reporter | Published: 24 April 2018
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FINANCIAL SERVICES

MetBank acquires $6.8m investment properties

A LOCAL commercial bank, Metbank has acquired investment properties worth $6.8 million through the settlement of various loan exposures.In a financial statement for the half year ended June 30, 2017, ...

By Staff reporter | Published: 29 August 2017
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FINANCIAL SERVICES

Metbank to venture into mortgage finance

Metbank is seeking to introduce mortgage finance as the bank seeks to revive the bank's profitability.The bank's chairman Wilson Manase said the new business line would be launched in the latter part ...

By Staff reporter | Published: 31 March 2014
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FINANCIAL SERVICES

Metbank to get $50m lines of credit

Metbank Limited's liquidity situation is set to improve as the local bank is on the verge of concluding lines of credit worth $50 million, chairman Mr Wilson Manase has said.This is in addition to an ...

By Business Reporter | Published: 06 December 2013
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FINANCIAL SERVICES

Metbank snaps up Interfresh shares

Metbank Limited has snapped up a 32.1% stake in Interfresh Limited after taking up 63.7 million shares as the underwriters to the horticultural concern's poorly subscribed rights issue which closed la...

By Business reporter | Published: 09 September 2013
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FINANCIAL SERVICES

Metbank profit up 27%

METBANK'S after tax profit for the half-year period ended June 30, 2013 went up by about 27 percent to $1,9 million compared to the same period last year's figure of $1,5 million largely owing to a de...

By Business Reporter | Published: 03 September 2013
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FINANCIAL SERVICES

Metbank to introduce Europay, MasterCard and Visa

Metbank announced last week that it will introduce Zimbabwe's first certified Europay, MasterCard and Visa in collaboration with the global payments technology company, MasterCard.This will see the b...

By Business Reporter | Published: 01 July 2013
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