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Business Reporter
STANBIC Bank Zimbabwe has relocated its Bulawayo private banking, business banking, client coverage, vehicle and asset finance (VAF) services from the city centre to Bradfield Shopping Complex in Hillside. The bank’s head of personal and business banking Mr Brian Ndadzungira told Business Chronicle the relocation was necessitated by the need to avail adequate parking space, ease of access and convenience to the bank’s customers.

“We have eight sets of core values that cover a full spectrum of our operations and service delivery inclusive of employees, shareholders and customers. Two such values are serving our customers and being proactive and with these in mind we saw it fit to provide better surroundings for our clients,” said Mr Ndadzungira.

Stanbic Bank Zimbabwe is a wholly owned subsidiary of Standard Bank Investment Corporation (SBIC), which in turn is owned by Standard Bank Africa and is listed on the Johannesburg Securities Exchange.

The bank offers a broad range of products such as Corporate and Investment Banking, Farming Finance, Vehicle and Asset Finance, Global Markets (Treasury), Investor Services, International Trade Finance, Personal Banking, Commercial and SME Banking and Transactional products and services.

Its parent company is the largest operating entity of Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of R1.98 trillion (about $128 billion) at 31 December 2015, while its market capitalisation was R184 billion (about $11.8 billion).

Recently, Standard Bank was recognised as Africa’s best bank for markets and Africa’s best bank for wealth management at the 2016 Euromoney Awards for Excellence, in London.