Eswatini Bank
TypePublic
IndustryFinance
Founded1965 (age 57–58)
HeadquartersMbabane, Eswatini
Key people
Sibongile Mdluli
Chairperson
Zakhele Lukhele
Managing Director
ProductsBanking
OwnerGovernment of Eswatini
WebsiteHomepage

Eswatini Bank, also known as Eswatini Development & Savings Bank (EDSP),[1] is a development finance institution, which doubles as a commercial bank in Eswatini. It is licensed and supervised by the Central Bank of Eswatini, the national banking regulator.[2] As of April 2019 Eswatini Bank was the only indigenous commercial bank in the country, with the other three having their headquarters in neighboring South Africa.[3]

Location

The headquarters of Eswatini Bank are located in the Engungwini Building, on Gwamile Street, in Mbabane, the capital and largest city in Eswatini.[4]

History

The bank was established in 1965 by Sobhuza II, who reigned from 10 December 1899 until 21 August 1982, to finance development projects in the county.[5] In 2014, Eswatini Bank, in collaboration with MasterCard International, began issuing credit and debit card branded with the MasterCard logo.[6]

Ownership

Eswatini Bank is 100 percent owned by the Government of Eswatini.[5]

Branches

As of March 2018, the bank maintains branches at the following locations:[4]

  1. Main Branch: Engungwini Building, Gwamile Street, Mbabane
  2. Mbabane Commercial Branch: Umlunguzi Wendlovu Building, Mbabane
  3. Manzini Branch: Nkoseluhlaza Street, Manzini
  4. Matsapha Branch: Matsapha Shopping Complex, Matsapha
  5. Piggs Peak Branch: Evelyn Baring Avenue, Piggs Peak
  6. Nhlangano Branch: 5th Street, Nhlangano
  7. Siteki Branch: Jacaranda Avenue, Siteki
  8. Matata Branch: Matata Shopping Complex, Matata
  9. Simunye Branch: Simunye Shopping Complex, Simunye
  10. Siphofaneni Branch: Nokuphila Shopping Complex, Siphofaneni
  11. Gables Branch: The Gables Shopping Complex, Ezulwini Valley.

See also

References

  1. ↑ Eswatini Bank (2020). "Bank Profile". Mbabane: Eswatini Bank. Retrieved 13 September 2022.
  2. ↑ Central Bank of Eswatini (14 June 2020). "List of Authorized Commercial Banks in Eswatini". Mbabane: Central Bank of Eswatini. Retrieved 14 June 2020.
  3. ↑ Forbes Africa (1 April 2019). "The Kingdom of Eswatini – Africa's Newest Country – Eswatini Bank" (PDF S. 16). Johannesburg: ABN Publishing. Retrieved 14 June 2020.
  4. 1 2 Eswatini Bank (1 March 2019). "Eswatini Bank: Branch Contact Details". Mbabane: Eswatini Bank. Retrieved 14 June 2020.
  5. 1 2 Eswatini Bank (1 March 2019). "Eswatini Bank: About Eswatini Bank". Mbabane: Eswatini Bank. Retrieved 14 June 2020.
  6. ↑ Press Release (2014). "SwaziBank to issue MasterCard debit cards and expand MasterCard acceptance network". Mastercard.com. Retrieved 20 March 2018.


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