Metbank
| Private | |
| Industry | Financial Services |
| Founded | 1999 |
| Headquarters | Harare, Zimbabwe |
Key people |
Wilson T. Manase[1] Chairman Belmont Ndebele Chief Executive Officer |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Revenue |
 Aftertax:US$1.585 million (2012) |
| Total assets | US$197.4 million (2012) |
| Website | Homepage |
Metbank, formerly known as Metropolitan Bank of Zimbabwe, is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.[2]
Overview
Metbank serves large corporations, small to medium enterprises (SMEs), as well as individuals. It maintains over twenty offices in Zimbabwe and a representative office in Kuala Lumpur, Malaysia. The bank partners with Mastercard to issue debit and credit cards. As of December 2012, Metbank was a medium-sized financial services provider, with an asset base of US$197.4 million, with shareholders' equity valued at US$44.5 million.[3]
Ownership
According to the website of Metbank, the major shareholders in the stock of the bank include the following:[4]
| Rank | Shareholder | Percentage Ownership |
|---|---|---|
| 1 | Loita Capital Partners International | 60.00 |
| 2 | Others | 40.00 |
| Total | 100.00 | |
Branch network
As of October 2013, Metbank maintains a network of branches at the following locations:[5]
- Main Branch - Metropolitan House, 3 Central Avenue, Harare
- Belgravia Branch - 8 Lanark Road, Belgravia, Harare
- Mbare Branch - 8 Roden Street, Magaba, Harare
- Harare Polytechnic Branch - Herbert Chitepo and West Avenue, Harare
- Sam Nujoma Branch - Old Mutual House, 18 Sam Nujoma Street, Harare
- Machipisa Branch - 1498 Tondori Building, Machipisa, Harare
- Kwame Nkrumah Branch - 25 Kwame Nkrumah Avenue, Harare
- Southerton Branch - Paisley Road at Highfield Road, Southerton, Harare
- Beitbridge Branch - 40/41 Living Waters Centre, Beitbridge
- Bulawayo Branch - 4 East End Building, Robert Mugabe Street at 9th Avenue, Bulawayo
- Bubi Branch - Bubi RDC Complex, Turk Mine, Bubi
- Chipinge Branch - Chipinge
- Zengeza Branch - 213646 Zengeza 2, Chitungwiza
- Hotsprings Branch - Hotsprings Resort, Chimanimani
- Gweru Branch - Gweru Polytechnic Campus, 137 Harare Road, Gweru
- Kwekwe Branch - Kwekwe Polytechnic, 1 Railway Road, Kwekwe
- Masvingo Branch - Masvingo Polytechnic, Beitbridge Road, Masvingo
- Mutoko Branch - Shop 1, BJ Mall, Stand 46/47, Oliver Newton Road, Mutoko
- Murewa Branch - 564 Murewa, Murewa
- Mutare Branch - Shop 1 Zimre Centre, Chitepo Street and 5th Street, Mutare