ZB Bank Limited (ZBBL), Also Known As ZB Bank But Commonly Referred To As Zimbank, Is A Commercial Bank In Zimbabwe. It Is Licensed By The Reserve Bank Of Zimbabwe, The Central Bank And The National Banking Supervisory Authority.
Location
The Head Office And Main Branch Of ZB Bank Limited Are Located At ZB House, 21 Avondale Natal Road, Harare, The Capital And Largest City Of Zimbabwe. The Geographical Coordinates Of The Bank's Head Office Are: 17 ° 47 '59.0 "South Latitude, 31 ° 02' 30.0" East Longitude (Latitude: -17.799722; Longitude: 31.041667).
ZB Life Insurance - Individual Life
ZB Life Insurance Products Include The Following:
1. MoreCover Funeral Plan
2. More Protected Savings Plan
3. More Protected Life Plan
4. Seed
5. Premier Plan
6. Growthplus Retirement Plan (with And Without Life Protection)
ZB Life Insurance - Group Business
ZB Life Insurance Products And Services Include:
1. Pension Plan
2. Fixed Income
3. Fixed Contribution
4. Mixed Pension Plan
5. Immediate Annuity
6. Self-Defense Fund
7. Investment Management (Pooled Or Standalone)
8. Guaranteed Fund
9. Market Linked Fund (Growthplus Managed Fund)
10. Group Life Insurance Plan (including Optional Add-ons Such As Disability Protection And Conversion Options)
11. Group Cash Funeral Plan
12. Credit And Mortgage Protection Schemes
Business Services
ZB Bank Limited's Services Cover A Wide Range Of Areas And Are Available As Packaged Or Unbundled Services. These Are Advisory, Pension Fund Management, Actuarial, Underwriting And Investment Management Services.
Advisory Services
ZB Bank Limited Services Provide Solutions Related To The Provision Of Employee And Group Benefits. These Include Benefit Design And Advice On The Impact Of Legislation, Demographics And Economic Changes And Other Relevant Social Trends On The Provision Of Employee And Group Benefits.
Secretarial Services
ZB Bank Limited Services Provides Administrative Services For All Types Of Pension Funds And Group Life Insurance Arrangements. These Services Include The Provision Of The Following: 1. Database Management (from Single Or Multiple Payroll Points) 2. Accounting Services 3. Benefit Disbursement 4. Reporting Administrative And Financial Performance 5. Compliance Management 6. Actuarial Assessment 7. Actuarial Services
Overview
ZBBL Is The Flagship Company Of ZB Financial Holdings Limited, A Large Financial Services Provider In Zimbabwe. Its Shares Are Traded On The Zimbabwe Stock Exchange Under The Ticker Symbol ZBFH. As Of December 2016, Zhejiang Bank Had Total Assets Of US $439.30 Million And Shareholders' Equity Of US $89.43 Million.
Branch Network
As Of April 2016, ZBBL Had A Network Of 49 Branches And 10 Agents In Zimbabwe, As Listed In The 2016 Annual Report.
ZimBank Lottery
In January 2000, Fallot Chawaua, The Master Of The Promotional Lottery Organised By The Zimbabwe Banking Corporation, Announced That Robert Mugabe Had Won The First Prize Of Zimbabwe $100,000. The Raffle Is Open To All Customers Who Have Deposited Funds Of 5,000Z Or More In Their ZimBank Account.
History
The Origins Of ZBBL Can Be Traced Back To 1951. Ten Years Later, The Financial Services Organisation From Which The Bank Originated Has Grown To Have Nine Branches Across The Country. The Organisation Was Sold To Rhodesian Bank Netherlands In 1961. In 1972, The Company Was Renamed Rhodesian Banking Corporation And Then Rhobank In 1979. The Company Was Renamed Zimbabwe Banking Corporation In 1981 Following The Government's Acquisition Of A Majority Stake.
In 1989, The Company Was Restructured Into A Holding Company, Zimbabwe Financial Holdings Limited. This Enabled The Bank To Operate As An Independent Subsidiary Of A Large Financial Conglomerate Which Also Owned Other Non-bank Financial Services Subsidiaries. Over The Years, Through The Acquisition Of Other Subsidiaries, The Group Has Been Able To Offer A Wide Range Of Services, Including Commercial And Commercial Banking, Installment Payments And Leasing, As Well As Trust And Executor Services.
On 30 October 2006, The Group Adopted A New Brand And Officially Changed Its Name To ZB Financial Holdings Limited. This Change Coincided With The Merger With The Former Intermarket Holdings. These New Subsidiaries Included A Bank, Two Insurance Companies And A Building Society. All Subsidiaries Adopted The ZB Brand.
In June 2014, The Financial Group Merged ZB Bank Limited With ZB Building Society To Meet The Reserve Bank Of Zimbabwe's New Capital Requirements
ZB Reinsurance
ZB Reinsurance Limited (ZBRe) Is The Reinsurance Arm Of ZBFH, Providing A Diversified Range Of Reinsurance Services.
In 1997, South Africa's Hollandia Reinsurance Established Intermarket Reinsurance Limited In A Joint Venture With Intermarket Holdings Limited; After ZB Financial Holdings Group (ZBFH) Acquired A Majority Stake In IHL In 2006, The Company Was Renamed ZB Reinsurance.
ZBRe Provides Reinsurance Solutions To Local And Regional Insurers, Reinsurers, Medical Assistance Societies, And Special Types Of Clients/consortia.
ZB Reinsurance Limited (ZBRe) Is The Reinsurance Arm Of ZBFH, Providing A Diversified Range Of Reinsurance Services.
In 1997, Hollandia Reinsurance Of South Africa Established Intermarket Reinsurance Limited In A Joint Venture With Intermarket Holdings Limited; Following The Acquisition Of A Majority Stake In IHL By ZB Financial Holdings Group (ZBFH) In 2006, The Company Was Renamed ZB Reinsurance.
ZBRe Provides Reinsurance Solutions To Local And Regional Insurers, Reinsurers, Medical Assistance Societies, And Special Types Of Clients/consortia.
Over The Years, ZBRe Has Established Enduring Partnerships With Renowned Insurance And Reinsurance Companies Regionally And Internationally, With The Goal Of Ultimately Solidifying Its Regional Presence.
