The Origin of Time Bank
Time Bank was founded in 1997 by Mr Christopher Takura W. Tande, who is its Managing Director and main shareholder.
Later on, other professional bankers joined the Bank as shareholders, directors, managers and staff members.
Time Bank originated from Zimbabwe, but it is now an international bank with its holding company in Botswana and banking operations in Zimbabwe.
Ownership of Time Bank
The shareholders of the Bank are as follows:
Name of Shareholder | Country of Incorporation | Type of Business |
Christa Capital (Pty) Ltd | Botswana | Financial Services Company which is licensed under the Botswana International Financial Services Centre (IFSC) |
TBIC Investments (Pvt) Ltd (formerly Time Bank Investment Company) | Zimbabwe | Investment and Property Development Company |
Local Authorities Pension Fund | Zimbabwe | Pension Fund |