Rudo Saungweme

In an effort to strengthen the Zimbabwean market into a regional hub, Barclays Bank of Zimbabwe Limited has branded to First Capital Bank Limited.

The Chief Executive Officer of First Capital Bank Limited in Zimbabwe, Samuel Matsekete said, “The name change will be cobranded with Barclays until October 2020. This move will affect all FMB capital Holdings banking operations across Botswana, Zimbabwe, Malawi and Zambia.”

 The move of the financial group was welcomed by its management which indicated that it has confidence with the new dispensation`s policies which are attracting the regional and international market at large.

Speaking at the launch, Group Managing Director of FMBcapital Holdings PLC Dheeraj Dikshit said, “The bank`s regional network is ideally suited to partner with clients as they expand their business into new markets. Our group comprises of a unified team offering integrated services across five markets. Now the single First Capital Bank name and brand will reflect this. Our regional reach not only means that clients can avail banking services and solutions across markets seamlessly, but also that their relationship with the bank extends into new markets.”

First Capital Bank was founded in 1995 in Malawi, where it was known as First Merchant Bank. Since then the bank has progressively grown to become a nimble regional banking group offering a comprehensive range of business and personal banking products. The Group currently employs over one thousand eight hundred employees who service a client base of nearly eight hundred and forty thousand.

Matsekete says that both Barclays Bank PLC and FMBcapital Holdings PLC are committed to ensuring a smooth and seamless transition. The transition comes at a time when Zimbabwe has opened up for business.