Anonymous

@Provocateur

we have to ask the question: who owns FBC?
If you know , you know... 

doug

A bank that was one of the first ever in the country in the 1890s decided to leave in 2023. The country now has one or two banks from South Africa and the rest are owned by local people.  Barclays, another bank whose history was more like the country's history left the country a few years ago.

@chibaby che zanu

standard

I thought there may be a change after elections but now it's worse....I'm leaving this teapot shaped country 

Tafman

Isu tnongoziva kut bond haisi Mari zvmwe zvese hatinei nazvo

Ishe

The few comments on this article really shows the financial illiteracy of Zimbabweans.

Kumbirai MutingwaI

so isu vaStandard tavakukwanisa kunotora nari kuFBC here?

Zimbabwe is a land where the sun shines everyday but the blue skies don't pay the bills, each time the economy falls and we all got poor and poorer...thats what recession is all about

moneyed pragmatist manyama

this deal is much ado about nothing because it's insignificant in the overall scheme of things and with the pariah status and loss of corresponding bank relationships between Zimbabwe and the rest of the world not much will come out of iti in terms of returns.The country,s political climate and investment risk means it's not really a Sealand the fact that the parent StanChart Bank pulled out of Zimbabwe makes us pragmatic investors avoid the contagion associated with it

You will see the money keyboard warriors, making comments about this. 

CHITEPO SCHOOL OF IDEOLOGY 

So many mergers, acquisitions and reconstructions happening lately 

The statement by the Reserve Bank of Zimbabwe (RBZ) on the acquisition of Standard Chartered Bank by FBC Holdings:
<blockquote>
The Bank wishes to advise the banking public that the Registrar of Banking Institutions approved FBC Holdings Limited’s acquisition of 100% shareholding (significant interest) in Standard Chartered Bank Zimbabwe Limited which also results in FBC Holdings Limited taking control of Standard Chartered Bank Zimbabwe Limited as defined in terms of the Banking Act [Chapter 24:20] 
The Bank also advises the public that approval has been granted by the Registrar of Banking Institutions for FBC Holdings Limited to be registered as a controlling company for Standard Chartered Bank Zimbabwe Limited.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

FBC Holdings Acquires Standard Chartered Bank

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FBC Holdings Acquires Standard Chartered Bank

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