Eswatini Bank Explained

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] 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

, 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
   1. Matsapha Branch: Matsapha Shopping Complex, Matsapha Piggs Peak Branch: Evelyn Baring Avenue, Piggs Peak
4. Nhlangano Branch: 5th Street, Nhlangano
5. Siteki Branch: Jacaranda Avenue, Siteki
6. Matata Branch: Matata Shopping Complex, Matata
   1. Simunye Branch: Simunye Shopping Complex, Simunye Siphofaneni Branch: Nokuphila Shopping Complex, Siphofaneni
7. Gables Branch: The Gables Shopping Complex, Ezulwini Valley.

See also

• List of banks in Eswatini
• List of banks in South Africa

External links

• Webpage of Eswatini Bank

Notes and References

1. Web site: 13 September 2022 . Bank Profile . 2020 . Eswatini Bank . Eswatini Bank . Mbabane.
2. Web site: 14 June 2020 . List of Authorized Commercial Banks in Eswatini . 14 June 2020 . . Central Bank of Eswatini. Mbabane.
3. Web site: 2020-06-14 . The Kingdom of Eswatini – Africa's Newest Country – Eswatini Bank . PDF S. 16 . 2019-04-01 . ABN Publishing . Johannesburg . Forbes Africa.
4. Web site: 2019-03-01 . Eswatini Bank: Branch Contact Details. Eswatini Bank . Eswatini Bank . Mbabane . 2020-06-14.
5. Web site: 2019-03-01 . Eswatini Bank: About Eswatini Bank . Eswatini Bank . Eswatini Bank . Mbabane . 2020-06-14.
6. Web site: 20 March 2018 . SwaziBank to issue MasterCard debit cards and expand MasterCard acceptance network . Press Release . . 2014.