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NMB Bank Limited (formerly National Merchant Bank of Zimbabwe Limited) was established in October 1992 by a group of Zimbabwean entrepreneurs who had previously held senior positions in international financial institutions such as the World Bank and the International Finance Corporation.
Barclays Bank of Zimbabwe and National Merchant Bank of Zimbabwe Holdings enjoy the largest market share in that country, but like other banks have been affected badly by sustained stagflationary conditions, i.
PMC also has stakes in several African financial institutions merchant banks, including Ghana's CAL Merchant Bank, the National Merchant Bank of Zimbabwe and Securities Discount Co.