First Capital Bank

First Capital Bank is a commercial banking group serving individuals, businesses, and corporate and institutional clients across Southern Africa, operating under its own brand in Zimbabwe, Malawi, Botswana, Mozambique, and Zambia.

Key capabilities include:

• Personal and retail banking, including current and savings accounts, personal loans, mortgages, overdrafts, and diaspora banking options
• Business and corporate banking, covering trade finance (letters of credit, guarantees, collection bills), working capital and asset finance, leasing, and cash management
• Digital banking and payments through internet banking, mobile apps, cardless withdrawals, RTGS/EFT transfers, payroll processing, and bill payments
• Cards and forex services, including Visa debit and business cards, contactless payments, and foreign currency accounts and trading

Available on Web, with mobile app support on Android and iOS, and internet banking for desktop users; specific products and app availability vary by country.

The group traces its roots to First Merchant Bank, founded in Malawi in 1995 as the country's first private bank, and expanded regionally into Botswana (2008), Zambia (2010), and Mozambique (2013) before acquiring a majority stake in Barclays Zimbabwe (operating since 1912) in 2017 and rebranding it under the same First Capital Bank name. The group's holding company, FMBCapital Holdings, is listed on the Malawi Stock Exchange and reports roughly $2.5 billion in group assets. In 2026, FMBCapital secured in-principle approval from the Bank of Mauritius to launch a new bank there as a joint venture with Rogers Global Financial Holdings, though it has not yet been authorized to operate.