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:

Row Shareholders Ownership Percentage 1 Loita Finance Holdings Limited 60.00 2 Blisford Investments Private Limited 10.00 3 Crudge Investments Private Limited Private Limited) 10.00 4 Metropolitan Bank Trust 7.20 5 Rheinmead Investments Private Limited 6.40 6 Knopfler Investments Private Limited 2.80 7 Equestrian Trading Private Limited 2.80 8 Choi Pension Funds 0.80 Total 100.00

Branch Network

As of January 2021, Metbank has a branch network in the following locations:

1. Main Store: Metropolitan House, 3 Central Avenue, Harare
2. Bulawayo Branch Store: Meikles Building, Corner Jason Moyo/Leopold Takawira Bulawayo
3. Gweru Branch Store: Shop No. 1 & 2 Bahadaur Centre, Main Street, Gweru
4. Mutare Branch: No. 1 Zimre Center 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 general manager is Belmont Ndebele