headquarters gaborone botswana key people jan a claassen group chairman dr. blessing mudavanhu ag . ceo 1 products loans investments mortgages revenue aftertax us 34.512 million 2015 2 total assets us 1.81 billion 2015 2 number of employees 1 000 2011 parent atlas mara limited website homepage bancabc officially known as abc holdings limited is a pan african financial services provider headquartered in gaborone botswana . 3 contents 1 overview 2 history 3 member companies 4 ownership 5 see also 6 references 7 external links overview edit bancabc is a financial services provider in southern africa and eastern africa . as of december 2015 update the bank s group assets were valued at about us 1.81 billion with shareholders equity valued at us 115.75 million . 2 bancabc has subsidiaries in botswana mozambique tanzania zambia and zimbabwe . 4 with plans to expand into angola south sudan and uganda . 5 history edit the establishment of abc holdings limited commenced with a merger between first merchant bank fmb and heritage investment bank hib in 1997 . 6 abc holdings limited was registered and listed on the botswana stock exchange with a secondary listing on the zimbabwe stock exchange in 2000 . the certification committee of the botswana international financial services centre ifsc granted ifsc status to both abc holdings limited and african banking corporation international limited which is a 100 percent subsidiary of abc holdings limited . in april 2009 the bank re branded to bancabc . 7 on 31 march 2014 atlas mara co nvest limited announced its offer to acquire abc holdings limited . atlas mara made direct agreements with existing shareholders to acquire up to 88 % of the group and subsequently make a mandatory offer for the remaining 12 % stake in bancabc . 8 this acquisition deal was valued at approximately us 265 million . the acquisition was concluded on november 28 2014 and abc holdings limited s stock was delisted from the bse and zse . 9 member companies edit the companies that comprise bancabc include but are not limited to the following 10 bancabc botswana gaborone botswana 100 percent shareholding a commercial bank in botswana serving individuals and businesses . bancabc mozambique maputo mozambique 100 percent shareholding a commercial bank in mozambique serving individuals and businesses . bancabc tanzania dodoma tanzania 74 percent shareholding a commercial bank in tanzania serving individuals and businesses . bancabc zambia lusaka zambia 100 percent shareholding a commercial bank in zambia serving individuals and businesses . bancabc zimbabwe harare zimbabwe 100 percent shareholding a commercial bank in zimbabwe serving individuals and businesses . tanzania development finance company limited dar es salaam tanzania 68 percent shareholding a development finance company . icea lion tanzania dar es salaam tanzania 47 percent shareholding an insurance company underwriting general insurance business in tanzania . icea lion tanzania is a venture between kenyan based icea lion group and tanzania development finance company limited . 11 credit insurance zimbabwe limited harare zimbabwe 24 percent shareholding an insurance company underwriting general insurance business in zimbabwe . held through bancabc zimbabwe . pg industries botswana limited gaborone botswana 42 percent shareholding a manufacture of timber and wood products . the firm is also a supplier of general building materials in botswana . ownership edit abc holdings limited is a wholly owned subsidiary of atlas mara limited . during the third quarter of 2014 atlas mara completed the acquisition of bancabc and of african development corporation adc . following the transactions atlas mara owns 100 percent in bancabc ; 62.25 is direct shareholding and 37.75 percent is indirect shareholding through african development corporation adc . 12 in december 2014 a new board of directors and a new team of senior managers began taking over the company to reflect the new shareholding . 13 see also edit list of banks in botswana list of companies of botswana list of banks in africa list of companies in gaborone references edit bancabc 11 october 2016 . the board of directors of bancabc group . gaborone bancabc group . retrieved 11 october 2016 . a b c bancabc 15 april 2016 . 31 december 2015 annual report & audited financial statement . bancabc group . retrieved 11 october 2014 . abchl . abc holdings limited company profile pdf . abc holdings limited abchl . retrieved 11 december 2014 . zimbabwe independent 28 march 2013 . bancabc profits up . zimbabwe independent . retrieved 11 december 2014 . financial gazette reporter . 30 march 2012 . zimbabwe bancabc targets angola uganda south sudan . the financial gazette harare via allafrica.com . retrieved 11 december 2014 . abc holdings limited company profile pdf . abc holdings limited . retrieved 2014 12 14 . rbz . 2007 . profile & history of bancabc . reserve bank of zimbabwe rbz . retrieved 12 december 2014 . renee bonorchis mbongeni mguni and godfrey marawanyika 1 april 2014 . bob diamond s atlas mara buys bank in first africa purchase . bloomberg news . retrieved 12 december 2014 . amcnl . 28 november 2014 . atlas mara issue of shares and total voting rights . atlas mara co nvest limited amcnl . retrieved 12 december 2014 . abc holdings limited 2013 annual report pdf . abc holdings limited . december 31 2013 . retrieved december 14 2014 . icea lion tanzania shareholders and reinsurers . icea lion group . retrieved 7 october 2014 . rns 9 december 2014 . atlas mara co nvest limited total voting rights . london investis.com quoting regulatory news service rns . retrieved 11 october 2016 . business reporter 9 december 2014 . management shake up at bancabc . the herald zimbabwe . retrieved 12 december 2014 . external links edit micro finance africa article ipp media article retrieved from https en.wikipedia.org w index.php title bancabc & oldid 743878747 categories banks of gaboroneconglomerate companies of botswanabanks established in 1997hidden categories articles containing potentially dated statements from december 2015all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages setswana edit links this page was last modified on 11 october 2016 at 20 01 . text is available under the creative commons attribution sharealike license ; 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