Ecobank Zimbabwe

Ecobank Zimbabwe Limited (EZL), is a commercial bank in Zimbabwe. It is one of the commercial banks licensed by the Reserve Bank of Zimbabwe and a subsidiary of Togo-based Ecobank.

Ecobank Zimbabwe is a small financial services provider in Zimbabwe, serving large corporate clients, upscale retail customers and medium to large business enterprises. The company’s services include personal banking, business banking, global banking and agricultural finance. , the bank's shareholders' equity was estimated at US$42.8 million, and total assets were valued at US$120.2 million.

History
The bank was established in 2002 as Premier Finance Group, a merchant bank.

In January 2011, Ecobank Transnational acquired majority shareholding in Premier Finance Group, at a price of US$10 million. Following the change in ownership, the institution rebranded to Ecobank Zimbabwe in May 2011. It also requested and was granted permission to change its merchant banking license to a commercial banking license. The Reserve Bank of Zimbabwe granted EBZ a commercial banking license, effective 15 May 2012.

Ownership
Ecobank Zimbabwe is a subsidiary of Ecobank Transnational, the Pan African bank with headquarters in Lome, Togo and a presence in over 30 African countries. Other shareholders in the Zimbabwean subsidiary are shown in the table below:

Branch network
As of January 2012, the bank maintains a network of 15 operational branches, at the following locations:


 * 1) Head Office - 2 Piers Road, Harare
 * 2) Borrowdale Branch - Block A, Sam Levy’s Office Park, 2 Piers Road, Borrowdale, Harare
 * 3) Bradfield Branch - Stand 16433, Shops 3&4, Zonkizizwe Shopping Centre, Hillside Road, Bradfield, Bulawayo
 * 4) Chiredzi Branch - Stand 360, Mopani Drive, Chiredzi
 * 5) Joina City Branch - Shop U14, Innez Terrace at Jason Moyo Avenue, Harare
 * 6) Mbare Branch - Shops 1&2, Stand 29629, Farmer's Market, Mbare, Harare
 * 7) Nelson Mandela Branch - 35 Nelson Mandela Avenue, Harare
 * 8) Parkade Centre Branch - 5 Parkade Centre, Fife Street at 9th Avenue, Bulawayo
 * 9) Samora Machel Branch - 137 Samora Machel Avenue, Harare
 * 10) Chitungwiza Branch - Chitungwiza
 * 11) Mutare Branch - 2A Fidelity Centre, Herbert Chitepo Street, Mutare
 * 12) Msasa Branch - Msasa, Harare
 * 13) Graniteside Branch - Graniteside, Harare
 * 14) Kweke Branch - Beverly house Robert Mugabe way Kwekwe
 * 15) Bindura Branch - Robert Mugabe way