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Nokuthaba Brita Ncube, [email protected]

FBC Holdings newly acquired Standard Chartered has officially changed name to FBC Crown Bank, regulatory authorities have said.

FBC Crown Bank will operate semi-autonomously as a subsidiary of FBC Holdings.

It will focus on wholesale banking for large blue-chip corporate clients and high net worth individual clients.

In a public notice, Reserve Bank of Zimbabwe Registrar of Banking Institutions, Mr Philip Madamombe said “Notice is hereby given that Standard Chartered Bank Zimbabwe Limited has changed its name to FBC Crown Bank Limited and shall be known as such henceforth.”

Recently, FBC said the legacy Standard Chartered business will form the foundation of a new, semi-autonomous wholesale banking product suite within FBCH.

The development complements FBCH’s existing retail banking strengths, while leveraging digitalization and robust risk management practices to deliver a more comprehensive suite of financial solutions.