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About Agribank

Business
The Agricultural Bank of Zimbabwe Limited(Agribank) is a  registered commercial bank in terms of the Banking Act (chapter 24:20).  The main business is the provision of agricultural finance, retail banking , treasury and corporate banking services.

Shareholders
The Bank is wholly owned by the Government of Zimbabwe. The shareholding structure is:
50% Ministry of Agriculture
50% Ministry of Finance.

Legal Mandate
AGRIBANK’s role is that of a development financial institution with both loan granting and deposit taking functions. Agribank is subject to the supervision of the RBZ and operates in terms of the Banking Act.


History
The Agricultural Bank of Zimbabwe, in its present state, has evolved in various forms over the past 82 years.  Its roots can be traced to 1924 when the Land and Agriculture Bank was founded to cater for the needs of the commercial farmers of the day.  In 1971 the Agriculture Finance Corporation (AFC) was conceived through an Act of Parliament, which amalgamated the Land and Agriculture Bank and the Agriculture Assistance Board.

 In 1996 the Bank was incorporated as the Agricultural Bank of Zimbabwe and was subsequently granted a commercial banking license in June 1999.  The Bank began its operations on 10 January 2000 and remains focused on agricultural lending to farmers, augmented by Corporate,Treasury and retail banking operations, in all parts of Zimbabwe through its wide branch network.
 
Agribank currently has more than 50 branches throughout all the provinces of Zimbabwe.


 
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