Metbank, Formerly Metropolitan Bank Of Zimbabwe, Is A Commercial Bank In Zimbabwe. It Is Licensed By The Reserve Bank Of Zimbabwe, The Central Bank And The National Banking Regulatory Authority.
Location
The Headquarters And Main Branches Of Metbank Are Located At Metropolitan House, 3 Central Avenue, Harare, The Capital And Largest City Of Zimbabwe. The Geographical Coordinates Of The Bank Headquarters Are: 17 ° 49 '31.0 "S, 31 ° 03' 02.0" E (Latitude: -17.825278; Longitude: 31.050556).
Overview
Metbank Serves Large Corporations, Small And Medium Enterprises (SMEs), As Well As Individuals. The Bank Issues Debit And Credit Cards In Partnership With MasterCard. As Of December 2016, Metbank Is A Medium-sized Financial Services Provider With An Asset Base Of $200.70 Million And Shareholders' Equity Of $55.90 Million.
Metbank Limited Has Been Involved In The Introduction Of Digital Banking, Branchless Banking, Online Banking And Correspondent Banking While Keeping The Number Of Physical Branches Low. As Of February 2018, Metbank Has A Network Of Over 150 Banking Agents Within And Outside Zimbabwe. Many Of These Agents Are Women And Youth Who Would Otherwise Be Unemployed.
Ownership
According To The Reserve Bank Of Zimbabwe's Website, The Major Shareholders Of The Bank's Shares Include:
Branch Network
As Of January 2021, Metbank Has A Branch Network At The Following Locations:
- Main Store: Metropolitan House, 3 Central Avenue, Harare
- Bulawayo Branch Store: Meikles Building, Corner Moyo/Jason Leopold Takawira Bulawayo
- Gweru Branch Store: Shop No. 1 & 2 Bahadaur Centre, Main Street, Gweru
- Mutare Branch: Zimre Centre 1 On The Corner Of Herbert Chitpo Street And 5th Street In Mutare
Governance
The Chairperson Of The Bank's Board Of Directors Is Dr. Linda Chipunza, A Non-executive Director. The Managing Director Is Belmont Ndebele Platoon Shareholder Percentage Of Ownership 1Loita Finance Holdings Limited 60.002Blisford Investments Private Limited 10.003Crudge Investments Private Limited 10.004 Metropolitan Bank Trust 7.205 Rheinmead Investments Private Limited 6.406Knopfler Investments Private Limited 2.807Equestrian Trading Private Limited 2.808 Chua Pension Fund 0.80 Total 100.00
