CFX Bank Limited

Description

CFX Bank Limited provides retail banking, treasury banking, corporate banking, leasing, and international banking services. Its retail banking services include personal banking, executive banking, company accounts, and Cybercash services; and treasury banking services comprise fixed deposits, negotiable certificates of deposit, bonds, discountable instruments and derivatives, and treasury bills. The companys corporate banking services include loans and overdrafts, bankers acceptance, guarantees and bonds, cash management services, current accounts, call accounts, and short and long-term deposits; and international banking services comprise foreign currency buying and selling, letters of credit, offshore finance, foreign currency accounts, CD1 and CD3 forms, and telegraphic transfer services. It also provides agricultural banking services; short term and medium/long term leasing services; and small to medium enterprises banking services, including loans and overdrafts, current accounts, call accounts, and fixed deposits. In addition, the company offers Internet and SMS banking, ATM, and point-of-sale devices services. It serves multinational companies, manufactures, farmers, and hospitality and horticulture industries, as well as mining, farming, manufacturing, tourism, and commercial sectors. CFX Bank Limited was formerly known as Century Bank Limited and changed its name to CFX Bank Limited in July 2004. As a result of acquisition of Century Bank by CFX Financial Services Limited, CFX Bank Limited's name was changed. The company is headquartered in Harare, Zimbabwe with branches in Harare, Bulawayo, Kariba, Masvingo, and Ngezi, Zimbabwe. As of July 1, 2004, CFX Bank Limited operates as a subsidiary of CFX Financial Services Limited.

Tags:

Credit Bank, Banking Finance, Banking and Corporate Finance, Banking Industry, Banking Sectors, Bank Loans, Personal Banking, Bank Management, Investment Banking Services, Banking Corporation, Banking Financial Services