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POSB Zimbabwe

Banking
+263 4 793 831
3rd Street, Harare, Harare Province, Zimbabwe, Harare, Harare Province
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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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