NMB Bank Limited
| Private | |
| Industry | Financial Services |
| Founded | 1992 |
| Headquarters | Harare, Zimbabwe |
|
Key people
|
Tendayi N. Mundawarara Chairman James Mushore Chief Executive Officer |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Revenue |
 Aftertax:US$7.57 million (2012) |
| Total assets | US$230+ million (2013) |
|
Number of employees
|
303 (2012) |
| Website | Homepage |
Not to be confused with NMB Bank Nepal, a commercial bank in Nepal
NMB Bank Limited, previously known as National Merchant Bank of Zimbabwe Limited, is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe, the central bank of that country and the national banking regulator.
The bank is a medium-sized financial services institution, that serves large corporations, small to medium enterprises (SMEs), as well as individuals. It maintains over a dozen offices in Zimbabwe. As of December 2012[update], the bank's total assets were valued at US$226.53 million, with shareholders' equity valued at US$30.94 million. The shareholders' equity had increased to US$45.74 million by April 2013, following the injection of US$14.8 in new equity investments by AfricInvest, Norfund and Netherlands Development Finance Company (FMO).
NMB Bank Limited was founded in 1992 by Zimbweans. At that time it was under the name National Merchant Bank of Zimbabwe. In June 1993, the bank was registered as an accepting house under the Banking Act. In 1997, the NMBZ Group was listed on the and simultaneously on the . In December 1999, NMB Bank was granted a commercial banking licence. It commenced commercial banking services in July 2000.
The bank is a 100% subsidiary of NMBZ, a Zimbabwean investment and holding company. NMB Bank Limited is the principal subsidiary of NMBZ. The of the holding company is listed on the and on the . During the first quarter of 2013, the bank admitted three new International investors, raising US$16 million in new capital, in order to meet new capital requirements as directed by the Reserve Bank of Zimbabwe. Following those developments, the five largest investors in the stock of the holding company include the following:
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