The Reserve Bank of Zimbabwe, through the Registrar of Banking Institutions, issued a public notice under the Banking Act confirming that the Minister of Finance, Economic Development and Investment Promotion has approved the merger of the operations of FBC Bank Limited and FBC Building Society. Under the restructuring agreement, FBC Building Society will transfer all assets and liabilities relating to its banking business and operations to FBC Bank Limited, and will transfer assets and liabilities relating to its property business and operations to FBC Properties (Private) Limited. FBC Bank is registered as a banking institution under the Banking Act, while FBC Building Society is registered under the Building Societies Act, and both are subsidiaries of FBC Holdings Limited; once the merger is finalised, FBC Building Society will cease to exist as an entity.
Reserve Bank of Zimbabwe 2025-12-12
Reserve Bank of Zimbabwe publishes notice confirming Ministerial approval for FBC Bank and FBC Building Society merger
The Reserve Bank of Zimbabwe announced the approval of a merger between FBC Bank Limited and FBC Building Society by the Minister of Finance, Economic Development and Investment Promotion. Under the agreement, FBC Building Society will transfer its banking assets and liabilities to FBC Bank Limited and its property assets to FBC Properties (Private) Limited. Following the merger, FBC Building Society will cease to exist as an entity.