Online Reporter
Nqobile Bhebhe Zimpapers Business Hub
ALL former FBC Building Society banking customers have now been fully integrated into FBC Bank Limited following the successful implementation of a merger between the two entities, FBC Holdings Limited has said.
In a public notice, FBC Holdings said the merger between FBC Bank Limited and FBC Building Society has been successfully implemented and became operationally effective on December 30, 2025.
The Group said the consolidation was conducted in accordance with the Banking Act (Chapter 24:20) and followed all requisite regulatory approvals, including approval by the Minister of Finance, Economic Development and Investment Promotion, which was gazetted on December 12, 2025.
“The cancellation of the FBC Building Society licence is a normal and deliberate regulatory consequence of the approved merger and restructuring process. The cancellation reflects the fact that following the merger, FBC Building Society no longer exists as a standalone legal entity, having transferred its banking business to FBC Bank Limited and its property portfolio to FBC Properties (Private) Limited,” the Group said.
FBC Holdings assured customers and stakeholders that the integration process was completed smoothly, with no disruption to banking services.
“All former FBC Building Society banking customers are now fully integrated into FBC Bank Limited. Customer deposits, accounts and contractual obligations remain safe, intact and fully accessible.
“FBC Bank Limited continues to operate as a licensed, well-capitalised banking institution under the supervision of the Reserve Bank of Zimbabwe. There is no change to FBC Holdings Limited’s shareholding structure or financial stability,” the Group said.
The merger, according to FBC Holdings, was driven by a clear strategic rationale aimed at strengthening the Group’s operating model.
On the strategic benefits, the Group said the consolidation enhances operational efficiency and scale, streamlines regulatory compliance and improves service delivery to customers.
“This restructuring positions FBC Group for sustainable growth while maintaining the highest standards of governance and regulatory compliance,” the Group said, adding that it remains financially sound and strategically focused.
Sidumisile Mabena