Background

  • Since its establishment in 1999, Metbank has served primarily as a registered commercial bank
  • In 2013, the Bank was granted a Mortgage Licence by the RBZ
  • The Mortgage Licence positioned the Bank to expand its strategy and range of product offering from commercial banking to include mortgage financing and primary property development
  • The Bank owns significant land banks as part of its asset portfolio
  • In order to unlock this value, the Bank is developing it, in phases
  • The target market ranges from Zimbabwean beneficiaries to customers in the diaspora
  • This entry into property development is consistent with the Zimbabwe Asset pronouncement to provide housing solutions targeted at the significant backlog