Operating Banking Institutions

ZB Bank Limited

Head Office
ZB House,
46 Speke Avenue,
Telephone: +263- 4 -757471-94, 775560, 756781
Fax: +236-4-751741
Telex: n/a

Website: www.zb.co.zw

Postal Address
P. O. Box 3198.

Type of bank: Commercial

Date of establishment: 1951


  • ZB Bank has its origins in Netherlands Bank of South Africa which commenced banking operations in 1951. These operations were sold to the Netherlands Bank of Rhodesia in August 1967 and the company changed its name to Rhodesia Banking Corporation Limited in 1972 and then Rhobank in 1979. After the acquisition of a majority shareholding in the company by the Government of Zimbabwe in 1981, the company changed its name to Zimbabwe Banking Corporation Limited
  • The Bank became a subsidiary of Zimbabwe Financial Holdings Limited (FINHOLD) in 1992 following a restructuring of operations in which non-banking operations were removed from the Bank. The bank was renamed ZB Bank Limited in 2006 following the adoption of a monolithic brand by the group.

Ownership: ZB Bank is a wholly owned subsidiary of ZB Financial Holdings Limited (ZBFH)

Chairman: Mr. Stanford A. Sibanda

Managing Director: Mr. George Nheweyembwa

Auditors : KPMG Chartered Accountants

Number of employees: 631

Number of branches : 47


Head Office
Finsure House,
Corner Sam Nujoma Street/ Kwame Nkrumah Avenue,
Telephone: 252 966-78/ 250 232/ 253 009/ 252960
Fax: 702233
Telex: N/A

Website: www.zbbs.co.zw

Postal Address
P. O. Box 2594,

Type of bank: Building society

Date of establishment: 1961


  • ZB Building Society was incorporated in Zimbabwe in 1961 as Founders Building Society and received its Certificate of Registration on 1 July 1961. The institution changed its name from Founders to Intermarket Building Society on 1 October 2002.
  • It was placed under curatorship on 11 March 2004 and was later lifted on 31 July 2005. ZBFHL acquired Intermarket Building Society in 2006 through buying off the equity held by the RBZ in Intermarket Building Society, following a debt equity swap after the institution failed to repay the liquidity support extended to it under the Troubled Banks Fund.
  • Intermarket Building Society changed its name to ZB Building Society in September 2008.
  • There is a pending court application brought by Transnational Holdings Limited challenging the acquisition of Intermarket Building Society by ZB Holdings Limited (ZBHL).



  • ZB Building Society is owned by Intermarket Holdings Limited (58.76%),
  • ZB Life (16.33),
  • Zimnat Investment Corporation Limited (13.11%),
  • CGU Insurance (6.51%).

Chairman: Thamsang B. Mpofu

Acting Managing Director: Mrs. Emma Mungoni

Auditors : KPMG Chartered Accountants

Number of employees: 39

Number of branches : 19