Eswatini Bank
Eswatini Bank, is a development finance institution, which doubles as a commercial bank in Eswatini. It is licensed and supervised by the Central Bank of Eswatini, the national banking regulator.[1] As of April 2019 Eswatini Bank was the only indigenous commercial bank in the country, with the other three having their headquarters in neighboring South Africa.[2]
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Type | Public |
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Industry | Finance |
Founded | 1965 (age 55–56) |
Headquarters | Mbabane, Eswatini |
Key people | Sibongile Mdluli Chairperson Zakhele Lukhele Managing Director |
Products | Banking |
Owner | Government of Eswatini |
Website | Homepage |
Location
The headquarters of Eswatini Bank are located in the Engungwini Building, on Gwamile Street, in Mbabane, the capital and largest city in Eswatini.[3]
History
The bank was established in 1965 by Sobhuza II, who reigned from 10 December 1899 until 21 August 1982, to finance development projects in the county.[4] In 2014, Eswatini Bank, in collaboration with MasterCard International, began issuing credit and debit card branded with the MasterCard logo.[5]
Ownership
Eswatini Bank is 100 percent owned by the Government of Eswatini.[4]
Branches
As of March 2018, the bank maintains branches at the following locations:[3]
- Main Branch: Engungwini Building, Gwamile Street, Mbabane
- Mbabane Commercial Branch: Umlunguzi Wendlovu Building, Mbabane
- Manzini Branch: Nkoseluhlaza Street, Manzini
- Matsapha Branch: Matsapha Shopping Complex, Matsapha
- Piggs Peak Branch: Evelyn Baring Avenue, Piggs Peak
- Nhlangano Branch: 5th Street, Nhlangano
- Siteki Branch: Jacaranda Avenue, Siteki
- Matata Branch: Matata Shopping Complex, Matata
- Simunye Branch: Simunye Shopping Complex, Simunye
- Siphofaneni Branch: Nokuphila Shopping Complex, Siphofaneni
- Gables Branch: The Gables Shopping Complex, Ezulwini Valley.
References
- Central Bank of Eswatini (14 June 2020). "List of Authorized Commercial Banks in Eswatini". Mbabane: Central Bank of Eswatini. Retrieved 14 June 2020.
- Forbes Africa (1 April 2019). "The Kingdom of Eswatini – Africa's Newest Country – Eswatini Bank" (PDF S. 16). Johannesburg: ABN Publishing. Retrieved 14 June 2020.
- Eswatini Bank (1 March 2019). "Eswatini Bank: Branch Contact Details". Mbabane: Eswatini Bank. Retrieved 14 June 2020.
- Eswatini Bank (1 March 2019). "Eswatini Bank: About Eswatini Bank". Mbabane: Eswatini Bank. Retrieved 14 June 2020.
- Press Release (2014). "SwaziBank to issue MasterCard debit cards and expand MasterCard acceptance network". Mastercard.com. Retrieved 20 March 2018.