institutional
Overview
AFC Commercial Bank Limited is incorporated under the Zimbabwe Companies
Act 9 Chapter 24:03 and is registered as a Commercial Bank in terms of the
Zimbabwe Banking Act (Chapter 24:20). The Bank’s main business is provision
of agricultural related loans, retail banking services ,discounting bills, treasury
services and provision of bridging finance.
The Bank evolved from the Land and Agricultural Bank(LAB) of 1924 of the then
Goverment of Southen Rhodesia, to the Agricultural Finance Cooperation (AFC)
which was established in 1971 to Agricultural Bank of Zimbabwe Limited, trading
as Agribank in 2000 by various Acts of Parliament. The Bank is registered as a
Commercial Bank and operates in terms of the Banking Act of Zimbabwe
(Chapter 24:20).