Agribank
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 Agricultural Bank was found to cater for the needs of commercial farmers of the day. In 1971 the Agriculture Finance Corporation (AFC) was conceived through an act of Parliament, which amalgamated the Land and Agricultural Bank and the Agricultural Assistance Board.
In 1996, the Bank was incorporated as the Agricultural Bank of Zimbabwe and was subsequently granted a commercial licence 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 throughout its wide branch network. Agribank currently has more than 40 branches throughout all the provinces of Zimbabwe.
The Terms of Reference:
The Terms of Reference outline the legal framework under which the Bank was established. The Bank was established by an Act of Parliament, The Agricultural Finance Act Amendment 14 of 1999 and shall be responsible for:
Providing sustainable agricultural development finance and banking services to contribute towards the attainment of economic growth and development and prosperity in Zimbabwe.
Contributing towards national agricultural development, food security, increased output and productivity and the generation of foreign currency, particularly for the farming and rural communities.
Providing banking services to the unbanked rural and urban population that has no access to formal financial services.
Vision
Our vision is to be a leading provider of financial services for agriculture development and growth of the economy in Zimbabwe.
Mission
Our mission is to provide competitive agriculture development financing and broader financial services for the prosperity of the bank, customers and all stakeholders through a committed, motivated and well-resourced work-force.
Services
- Retail Banking
- Micro Finance
- Corporate Banking
- International
- Treasury
- AgriInsure
- Electronic Banking
- AgriGold
