New Commercial Bank eneters the Zimbabwe financial services sector

TN Bank is the latest name in Zimbabwe’s financial services sector. The bank is jointly owned by TN Financial Holdings Limited (TNFHL) and Trust Holdings Limited (THL). The bank was scheduled to open to the public this month but has now pushed it’s opening to October.

The bank public opening has been pushed to October because of it’s delayed capital raising initiative. TNFHL Group CEO, Tawanda Nyambirai confirmed to the Standard newspaper the bank’s delayed opening to the public saying they were tying up loose ends.

“We will be opening in October. We have secured a branch in Harare, Bulawayo and Gweru while we are negotiating for a branch in Mutare and another branch in Harare,” Mr Nyambirai said.

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