FBC gets US$10m change in StanChart Zim’s acquisition
The amount was based on the indicative net asset value of the bank using a “proforma completion balance sheet” computed as of March 31, 2023.
By Tatira Zwinoira
Oct. 18, 2024
FBC posts ZWL$1,1 trillion profit
Total income stood at ZWL$2,7 trillion, while inflation-adjusted total assets were ZWL$14,6 trillion.
By Mthandazo Nyoni
May. 21, 2024
Follett-Smith hails FBCH
FBCH are title sponsors in the country’s premier golf event for the third-year running and increased their sponsorship package from US$150 000 last year to US$200 000.
By Munyaradzi Madzokere
May. 3, 2024
FBC, StanChart deal by June
In April 2022, StanChart’s former British-based parent company, Standard Chartered PLC, announced plans to fully divest from its Angola, Cameroon, Gambia, Jordan, Lebanon,
By Business Reporter
Apr. 1, 2024
FBC Holdings scoops corporate governance awards
FBC Bank also won the Best Governance Practices first runner-up award.
By Belinda Chiroodza
Dec. 6, 2023
‘Mega banks deal complete by Dec’
Countries also targeted under the strategy include Lebanon, Angola, Cameroon, Gambia, Sierra Leone and Jordan.
By Tatira Zwinoira
Sep. 8, 2023
Inside FBC's StanChart acquisition deal
AENT is a stand-alone fund created by the StanChart Zim shareholders to house any other local investments than the investment in the bank
By Tatira Zwinoira
Sep. 8, 2023
FBC hedges against Zimdollar loss
FHL group chairperson Herbert Nkala said adopting a hedging strategy mitigated the impact of the exchange rate fluctuation and sustained the group’s balance sheet.
By Blessed Ndlovu and Belinda Chiroodza
Sep. 4, 2023
FBC Holdings acquires StanChart’s Zim unit
Stanchart announced last year that it was seeking to exit seven markets in Africa and the Middle East, including Zimbabwe.
By Online Reporter
Jun. 8, 2023
