Allied Bank Zimbabwe Limited

For Allied Bank, the Philippines, see Allied Banking Corporation. For Allied Bank, Pakistan, see Allied Bank Limited.

Allied Bank Zimbabwe Limited
Company typePrivate
IndustryFinancial services
Founded2005 (2005)
Defunct8 January 2015 (2015 -01-08)
Headquarters
Harare
,
Zimbabwe
Key people
Florence Gowora (Chief Executive Officer)
ProductsLoans, Transaction accounts, Savings, Investments, Debit Cards
Total assetsUS$40 million (H1:2012)
Number of employees
304 (2011)
Websitewww.zabg.co.zw

Allied Bank, was a commercial bank in Zimbabwe that closed in 2015.[1] The bank regulator cancelled its license on 8 January 2015 after determining that the bank was "no longer in a safe and sound condition, grossly undercapitalised and facing chronic liquidity challenges"[2]

The bank was a small financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. As of June 2012, its total asset valuation was quoted at US$40 million. At that time its shareholder's equity was estimated at US$18 million.[3]

  1. ^ List of Licensed Commercial Banks In Zimbabwe Archived 2012-04-17 at the Wayback Machine
  2. ^ "RBZ cancels Allied Bank licence". The Herald. 9 January 2015.
  3. ^ Bhebhe, Nqobile (24 August 2012). "Zimbabwe: ZABG Asset Base Grows to U.S.$40 Million". Zimbabwe Independent (Harare). Retrieved 6 September 2017.