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STEWARD BANK

Union Building, 2nd Floor 101 Kwame Nkurumah Avenue
Harare
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About Steward Bank

Econet Wireless Zimbabwe Limited aquired 100% shareholding in Steward Bank in January 2013 and the Bank is now poised to become one of the leading banks in Zimbabwe. Although Econet Wireless Zimbabwe Ltd, (EWZL) is a public listed company, on the Zimbabwe Stock Exchange, it is a subsidiary of a privately held international group called Econet Wireless Global, which is registered in Mauritius. Econet Wireless Global has operations, and business interests, in more than 17 countries around the world, including Zimbabwe. More information about EWG may be obtained on its website (www.econetwireless.com), or its South African head office. Econet Wireless Zimbabwe Ltd, operates only in Zimbabwe, and has no businesses, operations or investments, outside Zimbabwe. Steward Bank is the first bank in the country to have convergence with telecommunications and together with its technology focus the bank is set to change the way Zimbabweans view banking. The future prospects of Steward Bank are very promising, with a total capital base which stood at $75 million on 28 Feb 2013, which is well in excess of the Reserve Bank of Zimbabwes requirement of $50 million by June 2013. In addition to this the liquidity ratio has seen remarkable improvement from 5% at 31 December 2011 to 25% at 28 February 2013. In terms of the external credit rating, Steward Banks GCR Company rating has improved from a BB rating in October 2010 to BB+ in October 2012. All very positive indicators of a bright and prosperous future for the bank and its clients. Steward Bank understands that the future of Africa depends on building a successful savings culture and entrepreneurship foundation. The bank has also embarked on rebranding and repositioning exercises that will take place over the next twelve months. Together with the implementation of a new concept of banking based on technological innovation, Steward Bank is set to deliver new innovative products and services to the Zimbabwean market. The bank will be guided by its core values which are integrity, excellence, innovation, hunhu/ubuntu and professionalism.