FINANCIAL SERVICES

Nedbank Zimbabwe boasts high depositor confidence

NEDBANK Zimbabwe is one of the country's top banks with an impressive cost of funds ratio of less than 1%, which reflects a high level of confidence in attracting deposits.The bank rebranded from MBCA...

By Staff reporter | Published: 14 September 2018

FINANCIAL SERVICES

Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters.Spea...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Old Mutual to dispose of 34% Nedbank stake

London-based Old Mutual Plc (OMP) is set to dispose of a 34,1% of its 54% equity stake in Nedbank to come down to 19,9% in the next six months after its managed separation strategy this week.Nedbank, ...

By Staff reporter | Published: 29 June 2018

FINANCIAL SERVICES

Nedbank Zimbabwe promises fireworks

Nedbank Zimbabwe (formerly MBCA Bank) says the changeover will be twinned with a mix of "agility" and "responsiveness" to market needs, as it mounts a new plan to improve competitiveness.Managing dire...

By Staff reporter | Published: 25 March 2018

FINANCIAL SERVICES

Nedbank Zimbabwe eyes more cashless options

Nedbank Zimbabwe will pursue more cashless options such as internet banking and increasing point-of-sale (POS) machines, in an effort to reduce the demand for physical cash, an executive said yesterda...

By Staff reporter | Published: 20 March 2018

FINANCIAL SERVICES

Nedbank to give out home ownership loans

Nedbank Zimbabwe, a unit of South Africa's Nedbank group will not be venturing into housing development like other local financial institutions but will rather focus on providing financial instruments...

By Staff reporter | Published: 20 March 2018

FINANCIAL SERVICES

Nedbank Zimbabwe seeks to fund private sector

Nedbank Zimbabwe, a unit of South Africa's Nedbank Group, says it will be at the forefront of securing lines of credit for private sector funding as the financial institution seeks to play a leading r...

By Staff reporter | Published: 20 March 2018

FINANCIAL SERVICES

Nedbank Zimbabwe warns of system failure

Nedbank Zimbabwe, formerly MBCA, has warned customers of possible system failures during the rebranding exercise. Speaking at press statement held in the capital on Monday, the bank’s managing direc...

By Staff reporter | Published: 19 March 2018

FINANCIAL SERVICES

Nedbank Zim launches new banking system

MBCA Zimbabwe this week changed its name to Nedbank Zimbabwe after the registrar of companies approved the change of its corporate identity as part of efforts to spur growth.The Nedbank Group is the f...

By Staff reporter | Published: 16 March 2018

FINANCIAL SERVICES

MBCA to change name to Nedbank Zimbabwe

MBCA Bank, a unit of South Africa's Nedbank Group, has now started the process of changing its name, which was first announced three years ago. The bank will adopt its parent's name, Nedbank.The Nedba...

By Staff | Published: 01 February 2018

FINANCIAL SERVICES

MBCA pursues Nedbank facility

MBCA Bank (MBCA) - a unit of Nedbank group - says it is working on accessing loan financing from Export Credit Insurance Corporation (ECIC) of South Africa."The bank (MBCA) is in contact with our clie...

By Staff reporter | Published: 25 March 2014

FINANCIAL SERVICES

MBCA gets $75 million from Nedbank

MBCA Bank has secured US$75 million from majority shareholder, Nedbank Group of South Africa, to provide lines of credit to Zimbabwean companies.MBCA managing director, Charity Jinya, last week told T...

By Business reporter | Published: 19 July 2013
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