People's Own Savings Bank (POSB) is a savings bank based in Zimbabwe, established in 1904 as the Post Office Savings Bank. It is one of the financial institutions licensed and supervised by the Reserve Bank of Zimbabwe[1]. Here are some key points about POSB: - Ownership: The bank is 95% owned by the Government of Zimbabwe[1]. - Branches and Operations: As of 2015, POSB had 34 brick and mortar branches, 220 agency branches through Zimpost, and 18 agency branches through Meikles Supermarkets[1]. It offers various financial services, including mortgages with a 12% annual interest rate and a maximum term of 10 years[1]. - Assets and Deposits: By the end of 2015, POSB had total assets valued at US$133.7 million and customer deposits of $63.81 million, with an after-tax profit of US$7.9 million for that year[1]. - Awards and Recognition: POSB was recognized as the Most Innovative Savings-Focused Banking Institution in Southern Africa for 2024 by Wealth & Finance International[5]. - SWIFT Code: The bank's SWIFT code is PWSBZWHXXXX, with its head office located in Harare, Zimbabwe[4].