Company type | Public |
---|---|
Industry | Finance |
Founded | 1965 (age 58–59) |
Headquarters | Mbabane, Eswatini |
Key people | Sibongile Mdluli Chairperson Zakhele Lukhele Managing Director |
Products | Banking |
Owner | Government of Eswatini |
Website | Homepage |
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] As of April 2019 [update] Eswatini Bank was the only indigenous commercial bank in the country, with the other three having their headquarters in neighboring South Africa. [3]
The headquarters of Eswatini Bank are located in the Engungwini Building, on Gwamile Street, in Mbabane, the capital and largest city in Eswatini. [4]
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]
Eswatini Bank is 100 percent owned by the Government of Eswatini. [5]
As of March 2018 [update], the bank maintains branches at the following locations: [4]