Real estate investor ZB Building Society (ZBBS) has been placed under liquidation in terms of the Insolvency Act [ Chapter 6:07], after voluntary surrender of its licence, the Deposit Protection Corporation (DPC) said.
The liquidation – with effect from 4 June 2026 – forms part of ZBBS’ parent ZB Financial Holdings’ broader restructuring strategy to streamline its banking operations by merging the building society with banking unit, ZB Bank.
“…the DPC was appointed liquidator and Bulisa Mbano of Grant Thornton (Zimbabwe) was appointed liquidator agent of the company effectively from the 4th of June 2026…,” said the corporation – an independent statutory body established by the government to protect bank depositors against the loss of their funds in the event of a financial institution’s insolvency.
The DPC said the first meeting of ZBSS creditors will be held on 29 July 2026.
ZBBS voluntarily surrendered its licence to the Reserve Bank of Zimbabwe and requested for its cancellation in terms of section 14 (3) of the Building Societies Act.