CABS

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Services

Harare, Zimbabwe

We are a world class provider of secure, innovative and profitable financial services delivered by motivated staff for delighted clients'. CABS is an established and strong brand name in the financial retail market in Zimbabwe. The Society offers a diverse range of financial products and services that includes transaction and savings accounts, mobile banking, mortgage loans, money market investments, term deposits and pay-roll loans. These are delivered through the largest branch network in the country which is linked to CABS on-line real time banking system.

CABS is a subsidiary of Old Mutual Zimbabwe, Zimbabwe's largest life assurance organization. Old Mutual Zimbabwe is in turn a subsidiary of Old Mutual PLC - an international financial services conglomerate.

CABS is committed to the practice and maintenance of the highest standards of corporate governance. To this end CABS works within the framework of the Combined Code on Corporate Governance and Best Practice implemented through the offices of the Board of Directors. The Board, consisting of both executive and non-executive directors, monitors financial and operational performance through regular meetings.

Through the disciplined implementation of internal controls and systems, CABS ensures accountability and accuracy in the preparation and presentation of its financial statements. In addition, internal and external committees meet regularly to monitor and report on a number of issues deemed to be in the interests of sound corporate governance. These include, an Independent Board Audit Committee, a Board Loans Review Committee, Board Credit Committee, a Board Risk & Compliance Committee, an Executive Committee (EXCO), an Asset & Liability Committee and a Management Credit Committee.

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