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Standard Chartered Bank Zimbabwe changes name
04 Aug 2024 at 15:33hrs | Views
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities.
FBC Crown Bank will function semi-autonomously as a subsidiary of FBC Holdings, focusing on wholesale banking for large corporate clients and high-net-worth individuals.
The Reserve Bank of Zimbabwe's Registrar of Banking Institutions, Mr. Philip Madamombe, announced the name change in a public notice, stating that the bank will now operate under the name FBC Crown Bank Limited.
FBC Holdings plans to use the legacy of Standard Chartered as a foundation for a new wholesale banking product suite within FBC Crown Bank.
This development will enhance FBC Holdings' existing retail banking operations by integrating digitalization and robust risk management practices to offer a broader range of financial solutions.
FBC Crown Bank will function semi-autonomously as a subsidiary of FBC Holdings, focusing on wholesale banking for large corporate clients and high-net-worth individuals.
The Reserve Bank of Zimbabwe's Registrar of Banking Institutions, Mr. Philip Madamombe, announced the name change in a public notice, stating that the bank will now operate under the name FBC Crown Bank Limited.
FBC Holdings plans to use the legacy of Standard Chartered as a foundation for a new wholesale banking product suite within FBC Crown Bank.
This development will enhance FBC Holdings' existing retail banking operations by integrating digitalization and robust risk management practices to offer a broader range of financial solutions.
Source - The Chronicle
