FBC Holdings has officially renamed its recently acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities.
As a semi-autonomous subsidiary of FBC Holdings, FBC Crown Bank will concentrate on wholesale banking services for major corporate clients and high net worth individuals.
Philip Madamombe, Registrar of Banking Institutions at the Reserve Bank of Zimbabwe, announced in a public notice that “Standard Chartered Bank Zimbabwe Limited is now rebranded as FBC Crown Bank Limited and will be known by this name moving forward.”
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FBC Holdings has stated that the former Standard Chartered operations will form the basis for a new, semi-autonomous wholesale banking segment within the group.
This move is designed to enhance FBCH’s existing retail banking capabilities, integrating advanced digital solutions and strong risk management to offer a broader range of financial services.
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