Agribank

About Agribank

The Agricultural Bank of Zimbabwe, trading as Agribank, evolved from the Land and Agricultural Bank (LAB) of 1924 of the then Government of Southern Rhodesia and through the Agricultural Finance Corporation (AFC) which was established in 1971 by various Acts of Parliament

Agribank currently operates under a legal framework whereby the Government of Zimbabwe owns 100% of the Bank. The Ministries of Finance and Agriculture maintain 50% shareholding apiece in the institution. The Bank is a loan granting and deposit taking development financial institution, subject to the supervision of the Reserve Bank of Zimbabwe. The bank is registered and operates in terms of the Banking Act of Zimbabwe (Chapter 24:20).