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About POSB Zimbabwe
People's Own Savings Bank (POSB) Zimbabwe is a savings bank based in Harare, Zimbabwe. It was established in 1904 as the Post Office Savings Bank and is now a parastatal institution, primarily owned by the Government of Zimbabwe, with a 95% stake[1][3].
## Key Facts:
- Industry: Financial Services
- Headquarters: Harare, Zimbabwe
- Established: 1904
- Ownership: 95% owned by the Government of Zimbabwe
- Key People: Mathilda Dzumbunu, Chairperson[1]
- Branches: As of 2015, POSB had 34 brick and mortar branches, 220 agency branches through Zimpost, and 18 agency branches through Meikles Supermarkets[1].
## Financial Overview:
- Total Assets (2015): US$133.7 million
- Customer Deposits (2015): US$63.81 million
- After-tax Profit (2015): US$7.9 million[1].
## Services:
POSB offers various financial services, including savings accounts and mortgages. In 2015, it started offering mortgages with a 12% annual interest rate and a maximum term of 10 years[1].
For more detailed information about POSB Zimbabwe's management team, you can refer to platforms like CB Insights[2].
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