What determines whether banks are operating effectively? This study focused on critically analyzing organizational effectiveness between banks in Zimbabwe. Empirical findings from emerging economies show that foreign-owned banks are more profitable when compared to their locally-owned counterparts (Berger et al., 2009; Demirguc-Kunt and Huizinga, 2002). The studies pointed out that the locally-owned banks are relatively less efficient and less profitable as a result of the following reasons: low market share, scarcity of financial resources, poor market capabilities, and poor access to capital markets. Studies in developed economies indicate less profitability and efficiency among foreign-owned banks as compared to locally-owned banks (Berger et al., 2000; Claessens et al., 2001). This study considers organizational effectiveness in terms of profitability, growth and long-term sustainability. The two sampled banks were primarily examined using information from Bankscope database. The Bankscope database was used because the database is considered one of “the most comprehensive global database for banks’ financial statements, ratings and intelligence” (Bureau van Dijk, 2016). The study found that there are no significant differences between the financial performance of banks in Zimbabwe. The banks in Zimbabwe are also adopting the models, frameworks, and methodologies of determining organizational effectiveness.