FBC Holdings, a financial services group, agreed to acquire the Zimbabwean business of Standard Chartered, a diversified financial services provider. Financial terms were not disclosed. “We are pleased to sign this agreement today and to have been selected by Standard Chartered Bank as the preferred buyer. Standard Chartered is a leading regional and international bank with more than 150 years of experience globally. The bank has been present in Zimbabwe for more than 130 years. Equally, FBCH is a leading financial services group in Zimbabwe and the region, with interests in commercial banking, insurance, re-insurance, micro-finance, stock-broking and mortgage finance. The combined strengths of the two institutions will enable us to better respond to the everchanging requirements of our clients," John Mushayavanhu, FBC Holdings CEO.