| Ecobank Zimbabwe | |
| Type: | Subsidiary |
| Foundation: | [1] |
| Location: | Harare, Zimbabwe |
| Key People: | Fortune Chisango(Chairman), Moses Kurenjekwa (Managing Director & CEO) |
| Assets: | US$120.2 million (June 2013) |
| Revenue: | Aftertax:US$1.2 million (H1:2013) |
| Industry: | Financial services |
| Products: | Loans, transaction accounts, Savings, Investments, Debit Cards |
| Parent: | Ecobank |
Ecobank Zimbabwe Limited (EZW), is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe and a subsidiary of Togo-based Ecobank.
Ecobank Zimbabwe is a small financial services provider in Zimbabwe, serving large corporate clients, upscale retail customers and medium to large business enterprises. The company’s services include personal banking, business banking, global banking and agricultural finance., the bank's shareholders' equity was estimated at US$42.8 million, and total assets were valued at US$120.2 million.[2]
The bank was established in 2002 as Premier Finance Group, a merchant bank.
In January 2011, Ecobank Transnational acquired majority shareholding in Premier Finance Group, at a price of US$10 million. Following the change in ownership, the institution rebranded to Ecobank Zimbabwe in May 2011. It also requested and was granted permission to change its merchant banking license to a commercial banking license.[3] The Reserve Bank of Zimbabwe granted EBZ a commercial banking license, effective 15 May 2012.[4]
Ecobank Zimbabwe is a subsidiary of Ecobank Transnational, the Pan African bank with headquarters in Lome, Togo and a presence in over 30 African countries.[5] Other shareholders in the Zimbabwean subsidiary are shown in the table below:[6]
| 1 | Ecobank Transnational | 62.00 |
| 2 | Consortium of Zimbabwean Investors | 38.00 |
| Total | 100.00 | |
As of June 2024, the bank maintains a network of 12 operational branches, at the following locations:[7]