MBCA Bank Limited
| Private | |
| Industry | Financial Services |
| Founded | 1956 |
| Headquarters | Harare, Zimbabwe |
|
Key people
|
V. Willard Zireva Chairman C.C.Jinya Managing Director |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Revenue |
 Aftertax:US$3.36 million (2011) |
| Total assets | US$180.7 million (2011) |
|
Number of employees
|
212 (2011) |
| Website | Homepage |
MBCA Bank, whose full name is MBCA Bank Limited, is a commercial bank in Zimbabwe. It is one of the licensed commercial banks in the country.
As of December 2011[update], the bank was a medium-sized financial services provider in Zimbabwe, with an asset base of nearly US$181 million and shareholders' equity of nearly US$19.7 million. The bank is a subsidiary of the Nedbank Group, a large financial services provider, headquartered in Johannesburg, South Africa, with total assets of almost US$80 billion (ZAR: 648+ billion), as of December 2011.
The bank was founded in 1956 by Rhodesia Selection Trust (RST) as the Merchant Bank of Central Africa. Following the issuance of a commercial banking license by the Reserve Bank of Zimbabwe, the national banking regulator, the bank rebranded to MBCA Bank Limited in 2004. Significant to the development of Southern Rhodesia and to the failing Central African Federation is at much the same time RST's competitor Anglo-American joined with Lazard Brothers of London to found Rhodesian Acceptances Limited (RAL). RAL, now known as RAL Merchant Bank (Zimbabwe) was part of Anglo-America until reorganisation/rationalisation, now in the Nedbank/Old Mutual Group.
The bank has 100% ownership in the following subsidiaries:
According to the website of MBCA Bank, the major shareholders in the of the bank include the following:
MBCA Bank maintains a network of branches at the following locations:
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Wikipedia