The People's Own Savings Bank was established on the 1st of January 1905 and has a proud history of achievement and service to every Zimbabwean. The former Post and Telecommunications (PTC) unbundled into three separate entities namely; The People's Own Savings Bank replacing the Post Office Savings Bank, Zimpost replacing the former Post Office and Telone and NetOne replacing Telecoms. The People's Own Savings Bank was created through an Act of Parliament on 1 April 2001 and is wholly owned by the Government of Zimbabwe. The Bank is supervised by the Reserve Bank of Zimbabwe and the Ministry of Finance. 

Established in 1980, the Bank of Credit and Commerce Zimbabwe Limited (BCCZ) was a joint venture between the Government of Zimbabwe and the Bank of Credit and Commerce International Holdings Limited (BCCIH). Turnaround In 1991, the government of Zimbabwe saved the BCCIH from collapse by acquiring total shareholding in the Bank. BCCIH acquired a new identity as Commercial Bank of Zimbabwe (CBZ). The Bank's new identity was augmented by the appointment of a new team of management whose mandate was to steer CBZ to growth and success. The first major turnaround move occurred in May 1995 when a decision was taken to remove non performing loans from the normal portfolio of advances. These were placed under the separate entity, Commercial Bank of Zimbabwe Nominees Limited (CBZN). This strategy allowed the more efficient mobilisation of financial resources and enabled greater focus on critical issues of banking business and rehabilitation of all delinquent advances. Diversification CBZ's diversification drive started in 1997 when the Zimbabwean Government sold its shareholding in the Bank in a bid to adequately capitalise it. An agreement was reached with the Amalgamated Banks of South Africa (ABSA) to become the Bank's technical partner. ABSA took up 25% in shareholding. Apart from ABSA, the International Finance Corporation, an arm of the Word Bank, acquired a further 15% of equity. Nonetheless, the greater part of CBZ shares (55%) were issued to the public when the Bank fully privatised and was listed on Zimbabwe Stock Exchange on 29 June 1998. By then the Bank had become the third largest in Zimbabwe in terms of deposits. It has also diversified its financial services range with the most significant addition being the establishment of the Microfinance Unit to support small to medium sized business enterprises. Growth Through Diversification In 2004 a new vision was adopted. This refocus propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments with a one-stop shopping experience for financial services. When CBZ Holdings Limited was operationalised in June 2005, period of intense growth through diversification began. The Bank became a subsidiary of the holding company and was renamed CBZ Bank Limited.

FNB can trace its origins back to the Eastern Province Bank, which was formed in Grahamstown, South Africa in 1838. By 1874, the bank had four 4 branches - Grahamstown, Middelburg, Cradock and Queenstown. Due to a recession, the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial difficulties being experienced in India, the OBC decided to withdraw from South Africa. The Bank of Africa was subsequently formed in 1879 to take over OBC's business in South Africa. During the same period, the government of the Republic of the Transvaal wanted to create a local commercial bank to deal with the financial demands created by the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank with the task of focussing primarily on financial agricultural development through a concession agreement. The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened its doors for business on 5 April of the same year. After the Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited. Due to another recession, the Bank of Africa was bought out by the National Bank in 1912. Another bank, the National Bank of the Orange River Colony, had already been bought out by the same group in 1910. The Natal Bank, which was founded in 1854 to fund the Natal Colony's sugar industry, also suffered financial difficulties and was added to the list of banks acquired by the National Bank, in 1914. The National Bank was now one of the strongest banks in South Africa.

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As part of the financial sector reform, Tanzania Postal Bank was established by the Tanzania Postal Bank in 1991 as amended by Act No.11 of 1992. The bank became operational as a separate entity from the then Tanzania Posts and Telecommunications Corporation (TP&TC) from 1st March 1992 with its own Board of Directors and Management. It was established as a successor to the Tanganyika Post office Savings which was established by the Post Office Savings Bank Ordinance of 1925 and became operational in 1927. The creation of the bank took the Government's cognition of the bank's strengths and particularly the advantage of canvassing the masses both in rural and urban areas. In arriving at this decision, the following problems had been identified:- Placing TPOSB as a department under the Tanzania Posts and Telecommunications was detrimental to the former as the two have different missions and hence their culture. Limited investment opportunities allowed by law, i.e., Government Papers was the only opportunity for TPOSB by law. Consequently, since 1983, TPOSB was operating on losses mainly due to the mismatch between the interest payable to customers and yield on government stocks whereby the later was lower than the former. The bank lacked its own capital and hence resulting in the cumulative losses. Inadequate sufficiently trained and experienced manpower to run banking business.Poor management information system Thus the Presidential Commission of Enquiry into Monetary and Banking System, the German Association for Technical Co-operation, the German Savings Banks and Giro Association, as well as an interministerial Committee under the Ministry of Finance made recommendations which include, among others:-  The Postal Bank Legislation be enacted and the bank be restructured to operate as a financial institution answerable to the Minister of Finance and subject to banking supervision by the Bank of Tanzania; The legislation and restructuring provide for adequate recapitalization of the bank, and for equity participation by the Government, TP & TC and others; The restructured bank have a suitable management structure which will ensure its functioning effectively as a business entity.To expand and diversify the bank's investment portfolio and hold besides Government Securities, types of investments which will give it reasonably high returns with safety of funds invested; The bank be allowed to expand its operations by accepting other types of deposits as well as loans; The bank to begin making loans to clients either individually or in groups.  The bank equips itself to offer Giro services as soon as possible NUMBER OF BRANCHES 28 Branches 1 Western Union Customer Service Centre located at the ground floor of Extelecoms Annex Building. 2 Dedicated locations for Western Union Money Transfers, one in Mwanza and one in Dar Es Salaam (YWCA Building) AGENCY NETWORK 115 Post offices throughout the country 5 Networked Post Offices to TPB banking system (Temeke, Bagamoyo, Mpanda, Usa River and AICC) SUB AGENT NETWORK (Western Union Money Transfer)