private industry financial services founded 1980 headquarters harare zimbabwe key people r.v.wilde chairman j.p.mangudya chief executive officer 1 products loans savings checking investments debit cards credit cards mortgages revenue aftertax us 45 million 2012 total assets us 1.223 billion 2012 2 number of employees 1 319 2012 website www.cbzbank.co.zw cbz bank whose full name is cbz bank limited is a commercial bank in zimbabwe . it is one of the commercial banks licensed by the reserve bank of zimbabwe the national banking regulator . 3 contents 1 overview 2 history 3 ownership 4 see also 5 references 6 external links overview edit as of december 2012 update the bank was the largest financial services provider in zimbabwe ahead of fbc bank barclays bank zimbabwe stanbic bank zimbabwe and standard chartered zimbabwe . 4 5 at that time cbz bank s total assets were valued at over us 1.22 billion with shareholders equity of approximately us 160.7 million . 6 history edit the bank was founded in 1980 as the bank of credit and commerce zimbabwe limited bcczl . in 1991 bcczl ran into financial difficulty and faced liquidation . the government of zimbabwe acquired 100 % shareholding in the bank to avert closure of the institution . following takeover by the government the bank was renamed commercial bank of zimbabwe limited . in 2004 bank was re organized and renamed cbz bank limited . cbz bank limited became a subsidiary of cbz holdings limited whose shares are traded on the zimbabwe stock exchange . 7 ownership edit according to the website of cbz bank the major shareholders in the stock of the bank include the following as of december 2012 8 in august 2013 zimbabwean press reports indicated that cbz holdings limited was in the process of selling 10 % shareholdings to other entities to raise working capital . 9 shareholding in cbz bank limited 10 rank shareholder percentage ownership 1 cbz holdings limited 18.17 2 government of zimbabwe 16.08 3 libyan foreign bank 14.12 4 national social security of zimbabwe 10.78 5 african investment sub 2 limited 6.84 6 stanbic nominees limited 6.26 7 gun metal investments limited 2.09 8 datvest nominees limited 1.96 9 stanbic nominees limited nnr bank of new york 1.94 10 commercial bank of zimbabwe employees share trust 1.17 11 others 20.59 total 100.00 cbz bank maintains a network of branches of more than 60 locations 11 see also edit list of banks in zimbabwe reserve bank of zimbabwe economy of zimbabwe references edit key people at cbz bank limited audited december 2012 financial report list of licensed commercial banks in zimbabwe big banks get a lifeline cbz bank rules the roost december 2012 financial data history of cbz bank shareholding in cbz bank cbz finds new investors cbz top 50 shareholders branches of cbz bank external links edit official website website of reserve bank of zimbabwe retrieved from https en.wikipedia.org w index.php title cbz bank limited & oldid 726484401 categories banks of zimbabwecompanies of zimbabwebanks established in 1980companies established in 1980harare1980 establishments in zimbabwehidden categories engvarb from august 2014use dmy dates from august 2014articles containing potentially dated statements from december 2012all 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 add links this page was last modified on 22 june 2016 at 13 42 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view