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First Capital Bank axes 120 workers

FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120 workers as the economic crisis continues to take a toll on the beleaguered financial services sector, NewsDay can exclusively reveal.The workers were served with t…

Published: 05 Sep 2019 at 08:09hrs | 4 | by Staff reporter

Is there any need for Zimbabwean banks to be technologically updated?

If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What do you think about sticking to use of old techn…

Published: 03 Jul 2019 at 07:51hrs | | by Elvis Dvene

Barclays Zimbabwe name change comes into effect

BARCLAYS Bank of Zimbabwe Limited shareholders have approved the change of the name of the company to First Capital Bank Limited effective today, on the Zimbabwe Stock Exchange. The decision was endorsed at an extraordinary general meeting…

Published: 08 Oct 2018 at 06:22hrs | 3 | by Staff reporter

Barclays drags employee to court

A 43-year-old Barclays Bank employee appeared in court facing two counts of forgery and two counts of fraud after he allegedly transferred money from a client's account into his family's in order to convert it to personal use. The complain…

Published: 15 Aug 2018 at 06:43hrs | 3 | by Staff reporter

Guvamatanga quits Barclays

BARCLAYS Bank Zimbabwe managing director Mr George Guvamatanga has quit the organisation after 28 years of service.In a statement yesterday, chairman, Mr Antony Mandiwanza, said Mr Guvamatanga had retired from the bank with effect from Nov…

Published: 12 Dec 2017 at 05:21hrs | | by Staff reporter

Malawian Bank completes acquisition of majority stake in Barclays Zimbabwe

MALAWI Stock Exchange listed FMB Capital Holdings has completed the acquisition of a majority stake in Barclays Bank Zimbabwe after receiving approvals for all regulatory requirements. This gives FMBCH, which is registered in Mauritius, an…

Published: 16 Oct 2017 at 06:20hrs | 1 | by Staff reporter

'Barclays workers have right to challenge sale'

LEGAL experts have said Barclays Bank Zimbabwe's workers have a right to challenge the sale of the country's unit to First Merchant Bank of Malawi but admit the matter is "complex".The disposal of the local unit by Barclays Plc is part of …

Published: 20 Jun 2017 at 06:50hrs | | by Staff reporter

Barclays Zimbabwe managers lobby Mugabe govt to block bank sale

A GROUP of Barclays Bank low-level managers have petitioned the Government not to approve the takeover of Barclays Bank Zimbabwe by First Merchant Bank (FMB) of Malawi, alleging that the deal violated empowerment laws.The 63 managers have …

Published: 13 Jun 2017 at 06:49hrs | | by Staff reporter

RBZ will not reverse Barclays Zimbabwe sale

THE RESERVE Bank of Zimbabwe will not bow down to pressure from Zanu-PF and other campaigners seeking to have the sale of Barclays Zimbabwe to FMB reversed as the apex bank is merely a regulator.According to Fin24, Reserve Bank of Zimbabwe…

Published: 12 Jun 2017 at 16:54hrs | 3 | by Staff reporter

Malawian bank eyes Barclays Bank Zimbabwe

Malawian banking group First Merchant Bank (FMB) is in talks with Barclays PLC to buy its Zimbabwean unit.Last year, Barclays PLC downgraded Barclays Zimbabwe to its non-core division with an intention to dispose it in the future.Barclays …

Published: 29 Mar 2017 at 06:59hrs | | by Staff reporter

Excessive imports cause cash crisis: Barclays Zimbabwe

ZIMBABWE'S liquidity crisis is being primarily caused by excessive spending on imports, creating an unsustainable economic environment, a senior banker has said.According to data released by the Zimbabwe National Statistics Agency, Zimbabw…

Published: 09 May 2016 at 06:32hrs | | by Agencies

WhatsApp hoax targets Barclays Zimbabwe depositors

Banking group Barclays has lashed out at a hoax WhatsApp message that is advising Zimbabwe depositors to withdraw their money, Fin24.com reported."Those with their monies at Barclays Bank go and withdraw, it is closing for good on the 22nd…

Published: 15 Mar 2016 at 10:34hrs | 1 | by Staff reporter

Barclays Zimbabwe scramble to contain a potential run by depositors

Barclays Zimbabwe on Tuesday scrambled to contain a potential run by depositors, after its parent company Barclays announced it is moving out of the country while also disposing of its 62.3% stake in Barclays Africa Group, formerly Absa.&n…

Published: 01 Mar 2016 at 12:18hrs | | by Staff reporter

Barclays Africa hastens talks to buy Barclays Zimbabwe

Barclays Africa Group said talks to buy its parent company's operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays."Our ambition is to do the acquisition of both, and the management changes have co…

Published: 29 Jul 2015 at 13:10hrs | | by Agencies

Barclays Zimbabwe launches 'Cashsend Craze Campaign'

Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The "Cashsend Craze Campaign" that will run until the September 30 2014 is aimed at providing customers with another convenient cha…

Published: 21 Jul 2014 at 07:04hrs | 2 | by Staff reporter

Protests at Barclays Bank Zimbabwe

The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned the Barclays bank to refrain from the alleged refusal to negotiate in good faith with employees on working conditions.http://www.youtube.com/watch?v=O-s-8BXzJaIThe bank wo…

Published: 26 Sep 2013 at 16:16hrs | 1 | by Staff reporter

Zibawu protests against Barclays, NMB

The Zimbabwe Banks and Allied Workers Union says it will hold pickets against Barclays Bank while continuing with those against NMB Bank after negotiations for a salary increment for non-managerial workers in both banks reached a deadlock.…

Published: 09 Sep 2013 at 05:26hrs | 1 | by Business reporter

Barclays Zimbabwe launches card-less ATM

Barclays Bank Zimbabwe recently launched Cashsend, a simple money transfer solution that enables a Barclays customer with any Barclays debit card to send money to anyone in Zimbabwe. The recipient redeems their cash through a very simple c…

Published: 22 May 2013 at 03:56hrs | | by Business reporter

Barclays Zimbabwe launches state of the art ATMs

BARCLAYS Zimbabwe has launched state of the art, Automated Teller Machines (ATM) that provides customers with enhanced security and a pleasant transactional experience.The new Barclays ATMs are a part of a replacement programme that should…

Published: 09 Apr 2013 at 13:37hrs | | by Business reporter

Barclays Zimbabwe maintains conservative book

Barclays Chief Executive (CE) George Guvamatanga started his presentation last Thursday by emphasising that the bank considers itself a local bank. He drew parallels with foreigners who live in a country and after 5 years or so are automat…

Published: 02 Apr 2013 at 08:46hrs | | by Business reporter

Barclays Africa executive set to meet Saviour Kasukuwere

A SENIOR Barclays Africa executive is set to jet into the country next week to meet with Indigenisation minister Saviour Kasukuwere to chart the course on how the financial conglomerate's local operation - Barclays Zimbabwe - can meet indi…

Published: 23 Mar 2013 at 16:44hrs | | by Staff reporter

Barclays Zimbabwe reports improved results for 2011

Barclays Bank of Zimbabwe reported a profit of $1.4 million for 2011 after a loss the previous year, Chief Financial Officer Sam Matsekete said.The bank received $7.7 million in "special support" from main owner Barclays Bank Plc (BARC) du…

Published: 29 Feb 2012 at 14:52hrs | 2 | by Bloomberg

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