Corporate Profile


FMBcapital Holdings plc is the Mauritius-based holding company of the FMBcapital Group. It is listed on the Malawi Stock Exchange and is licenced by the Mauritius Financial Services Commission (FSC) as a Global Business Company (GBC).

Through it’s banking and finance operations in five SADC countries, FMBcapital Holdings plc offers a comprehensive range of financial solutions, partnering with corporates, government bodies, institutions, businesses, and retail clients, establishing itself as a leading corporate transactional bank in the region.

With a solid track record of financial strength and stability, we aim to be a leading provider of financial services by:

  • Prioritizing customer service
  • Efficient relationship banking
  • Offering flexibility in products
  • Deploying advanced IT delivery platforms

FMBcapital Holdings plc is rated Long Term A+ and Short Term A1 by Global Credit Rating Co. – an independent international rating agency.

The Group’s strategic purpose is to build a formidable business that passes the test of time,  and this is underpinned by our strong values with the collective effort of all our employees.

Our Values

  • Our service is our pride.
  • We have a shared responsibility for our business.
  • We value time and deliver quickly.
  • We are open and honest, but respectful.
  • We find simpler ways of doing things.
  • Our Integrity and Reputation are our wealth


Our Subsidiaries

  • Botswana

    First Capital Bank

    First Capital Bank began commercial operations in Botswana in June 2008, and now has branches in Gaborone, Francistown, Mogoditshane and Broadhurst. The Bank provides a full range of services in all major currencies, and aims to achieve the highest standards of customer service. First Capital Bank is affiliated to FMBcapital Group, the Mauritius based holding Company, which has a 38.6% shareholding in First Capital Bank, with the remaining shares being held by local and international investors. The First Capital Bank also has banking operations in Malawi, Zambia and Mozambique. First Capital Bank is a member of the Electronic Clearing House (ECH), Real Time Gross Settlement (RTGS) system and Society for Worldwide Interbank Financial Telecommunication (SWIFT).

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  • Malawi

    First Capital Bank

    First Capital Bank is wholly owned by FMBcapital Group. It is a full-service commercial bank offering financial products and services to the corporate, retail and personal markets.

    With its diverse product offering, First Capital Bank caters to the needs of all segments of the Malawi market and has one of the most extensive branches and agency distribution networks in the country.

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  • Mozambique

    First Capital Bank

    First Capital Bank S.A. began operations in Mozambique in July 2013 when it took over the operations of International Commercial Bank. First Capital Bank S.A. is jointly owned by FMBcapital Group and other international shareholders. With a flexible and innovative customer-focused approach, our growing network of branches offers a full range of cross-border and traditional banking services to retail, commercial and corporate banking clients.

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  • Zambia

    First Capital Bank

    First Capital Bank, formerly known as International Commercial Bank Zambia Limited, commenced banking operations in June 2010. In July 2013, the bank was acquired by a group of investors led by FMBcapital Group and rechristened as First Capital Bank. FCB is part of the by FMBcapital Group which has banking operations in Malawi, Mozambique, Botswana and Zimbabwe. With a flexible and innovative customer-focused approach, FCB’s growing network of branches offers a full range of cross-border and traditional banking services to retail, commercial and corporate banking clients

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  • Zimbabwe

    First Capital Bank

    In October 2017 FMBcapital Group acquired a 62% shareholding in Barclays, Zimbabwe. Now trading as First Capital Bank in association with Barclays, the bank is one of the leading banks in Zimbabwe and has operated in the country since 1912 and is listed on the Zimbabwe Stock Exchange. The bank’s head office is in Harare, the capital city of Zimbabwe. The bank has a major commercial banking network throughout the country with 38 branches in all large commercial centres. First Capital Bank currently has the largest ATM network in Zimbabwe with 48 ATMs spread across the country. The bank employs 633 permanent staff members.

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