The story
Barclays Bank Zimbabwe (BBZ) was established in 1912, and it operated continuously until 2018. As of October 2017, BBZ employed in excess of 700 permanent staff, in a commercial banking network of 26 branches in all large urban areas in the country. In October 2017, it was announced that First Merchant Bank Malawi had purchased a controlling interest in BBZ, for an undisclosed consideration. Under the terms of the sale, the bank was given permission to continue the use of the Barclays name for up to three years, before rebranding.
During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the bank.
In October 2018, the bank rebranded from Barclays Bank of Zimbabwe to First Capital Bank Zimbabwe Limited, to reflect its current shareholding.
In March 2019, the bank migrated from the Barclays banking system to a new IT banking system.
From Wikipedia’s article on First Capital Bank Zimbabwe Limited, shared under CC BY-SA 4.0.4