NMB Bank

Name

NMB Bank

Legal name

NMB Bank Zimbabwe Limited

Website

https://nmbz.co.zw

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

NMB Bank Zimbabwe Limited is a Harare-based commercial bank offering retail, SME, agribusiness, and corporate banking through branches in seven cities, a 200+ agent ZIMPOST network, and digital platforms, serving Zimbabwean consumers and exporters with lending, payments, and correspondent banking services.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Agricultural financing
• Small business banking
• Digital banking platforms
• Trade finance services

Headquarters

HQ city

Harare

HQ country

Zimbabwe

HQ region

Africa

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including agricultural financing, SME loans, and mortgage financing
2. Transaction Banking: Fees from telegraphic transfers, bulk payments, and other transaction banking services
3. Trade Finance: Supporting exporters through trade finance facilities
4. Digital Banking Services: Fees from online banking services and digital platforms

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

NMB Bank Zimbabwe Limited is a commercial bank that provides retail banking, SME banking, agribusiness financing, digital banking (NMBConnect, Virtual Branch), Visa card services, international remittances (NMBRemit), telegraphic transfers, trade finance, bulk payments, correspondent banking, and insurance products (NMBSure). The bank distributes these services through physical branches, an extensive ZIMPOST agency banking network (over 200 agents), and digital platforms, serving individuals, SMEs, agricultural enterprises, and exporters across Zimbabwe.

Product overview

NMB Bank Zimbabwe operates as a traditional commercial bank offering a unified suite of banking products rather than a platform-based architecture. The core product portfolio centers on NMBConnect and NMBConnect Online digital banking platforms for account management and transactions, complemented by NMB Visa card services and Telegraphic Transfers for payment capabilities. Business offerings include Bulk Payments, Banking for SMEs, and specialized Agribusiness financing. The bank extends its reach through an extensive Agency Banking Network of ZIMPOST and third-party agents, Correspondent Banking services for international transactions, and digital services like Virtual Branch and NMBRemit. Additional offerings include NMBSure insurance products, supported by calculators for mortgage and vehicle insurance.

Differentiator

Problem solved

Functional benefit

Brands

• NMBConnect: Online and mobile banking platform for personal and business customers
• NMBRemit
• NMBSure
• NMB Visa

Products and services

• NMBConnect Digital online banking platform enabling customers to perform banking transactions, view account history, manage loans, and access e-statements.
• NMBConnect Online Online banking service for business customers providing comprehensive account management and transaction capabilities.
• NMB Visa Visa card product offering banking convenience with card payment acceptance worldwide.
• Telegraphic Transfers International wire transfer service enabling customers to send funds abroad through correspondent banking relationships.
• NMBSure Digital insurance product enabling customers to purchase insurance coverage on the go.
• Bulk Payments Customized service for business customers to process multiple payments in a single batch transaction.
• Banking for SMEs Tailored banking services and solutions designed to support the growth and operational needs of small and medium enterprises.
• Agribusiness Agricultural financing solutions supporting farmers and agricultural enterprises with production capabilities, machinery, and climate resilience investments.
• Virtual Branch 24/7 digital banking service allowing customers to access accounts, perform transactions, view e-statements, and pay bills remotely without visiting physical branches.
• NMBRemit Remittance service for transferring funds internationally to recipients abroad.
• Correspondent Banking International banking service providing USD, GBP, EUR, RMB, ZAR, and BWP correspondent banking relationships through Ecobank, FNB, Afreximbank, and Standard Bank for foreign receipt processing.
• Agency Banking Network Extensive agent network across Zimbabwe including ZIMPOST outlets, Access Forex, Champions Insurance, and other agents providing banking services in underserved areas.

Quantifiable outcome

• 70% of BII loan allocated to agricultural exporters for machinery and fertilizer financing
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• ZIMPOSTcoreChannel Partner/ Reseller/ DistributorAgency banking partnership through NMB ZIMPOST Agents providing financial services at post office locations across Zimbabwe. The partnership enables banking access in rural and underserved areas through over 200 agent locations covering Bindura, Bulawayo, Chinhoyi, Gweru, Harare, Kwekwe, Masvingo, Mutare, and Victoria Falls regions.
• Ecobank GroupecoreOthersCorrespondent banking relationship for USD, GBP, and EUR processing. SWIFT Code: ECOCFRPP. NMB Bank account at Ecobank for foreign currency receipts.
• First National Bank (FNB)coreOthersCorrespondent banking relationship through First Rand Bank for USD, GBP, EUR, and ZAR processing. SWIFT Code: FIRNZAJJ. Primary USD correspondent bank from July 2025.
• AFREXIMBANKcoreOthersCorrespondent banking relationship for USD processing. SWIFT Code: AFXMEGCA. NMB Bank account number at Afrexim: 200002101200001.
• Standard Bank South AfricasupportingOthersCorrespondent banking relationship for South African Rand (ZAR) processing. SWIFT Code: SBZAZAJJ.
• Bank of ChinasupportingOthersCorrespondent banking relationship for Chinese Yuan (CNY) processing. SWIFT Code: BKCHZAJJ.
• Lloyds Bank PlcsupportingOthersCorrespondent banking relationship for British Pound Sterling (GBP) processing through FNB Gateway. SWIFT Code: LOYDGB2L.
• FAO (Food and Agriculture Organization)supportingStrategic or Co-development PartnerNMB Bank participated in Zimbabwe's Fisheries and Aquaculture Investment Roundtable convened by FAO in partnership with ZAqVCC, Chinhoyi University of Technology, EU, and Germany's BMZ through FISH4ACP programme. The bank indicated readiness to co-design aquaculture-specific financing products for Zimbabwe's blue economy.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CBZ Bank: Largest commercial bank in Zimbabwe offering retail, SME, corporate, and agricultural lending; directly comparable to NMB in customer segments (consumers, SMEs, agribusiness) and branch-based distribution within the same regulatory jurisdiction.
• Stanbic Bank Zimbabwe: Subsidiary of Standard Bank Group operating in Zimbabwe with full retail, business, and corporate banking; competes directly with NMB in trade finance, FX services, agribusiness, and digital banking channels.
• ZB Financial Holdings: Zimbabwe-headquartered financial group providing commercial banking, microfinance, and insurance; directly overlaps with NMB's retail, SME, and corporate banking offerings in the same market.
• First Capital Bank Zimbabwe: Zimbabwe-registered commercial bank (successor to Barclays Bank Zimbabwe) offering retail, business, and wholesale banking with correspondent banking ties; directly comparable product set and customer base to NMB.
• BancABC Zimbabwe: Pan-African banking group subsidiary serving Zimbabwean retail, SME, and corporate customers; directly competes with NMB across digital banking, trade finance, and agribusiness lending.

Broad incumbents

• Ecobank: Pan-African banking incumbent providing correspondent, wholesale, and trade-finance services across 30+ countries; relevant as both a correspondent partner to NMB and a broader competitor for regional corporates.
• Standard Bank Group: Africa's largest banking group by assets, providing retail, corporate, and investment banking; parent of Stanbic Zimbabwe (NMB's direct competitor) and a correspondent bank for NMB's ZAR clearing.

Others

• African Export-Import Bank (Afreximbank): Continental trade-finance DFI serving as a $50M lender to NMB in 2025; comparable as an institutional provider of trade-finance and FX lines to African banks, anchoring NMB's capital base for cross-border activity.
• Old Mutual Zimbabwe: Long-standing Zimbabwe financial-services conglomerate offering banking (CABS), insurance, and asset management; comparable as a multi-product financial-services franchise operating in the same regulatory and macro context.
• ZIMPOST: State postal services operator that is NMB's channel partner for the 200+ agency banking network; included for ecosystem relevance given the agent network is a key NMB distribution asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/nmbbankzim
• YouTubeyoutube.com/channel/UCp-tkt-pwvZiTemiWl_lJkQ
• Facebookfacebook.com/nmbbankzim
• LinkedInlinkedin.com/company/nmbz-holdings-limited
• Instagraminstagram.com/nmbbankzim

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds8 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NMB Bank