Breaking News

14 banks have met first level of capital requirements

by Business reporter
01 February 2013 | 3963 Views
The Reserve Bank of Zimbabwe governor Gideon Gono has said 14 out of 22 banks had met the first level of minimum requirements by December 31 last year.

5 other banks had made "significant" progress towards complying while 2 others needed to come up with more "credible" recapitalisation plans.

Banks that have complied are CBZ Bank, Standard Bank, Stanbic, BancABC, Barclays, ZB Bank and Kingdom. Others are Ecobank, FBC Bank, MBCA Bank, TN, CABS, Tetrad and NMB Bank. Agribank, FBC Building Society, Trust Bank, Metbank and ZB Building Society Banks have made significant progress.

Gono said adding that the other 2, ZABG Bank and Capital Bank, still need to come up with credible recapitalisation plans. ZABG Bank was negotiating for a $40 million facility with the National Indigenisation and Economic Empowerment Fund. Interfin remains under curatorship.

Gono said the RBZ is working closely with the Ministry of Youth Development, Indigenisation and Empowerment to ensure that all banks observed the laws of the land and complied in an orderly manner.

"The process to indigenise the banks should, however, take cognisance of the sensitivities around the operation of the banks to restore confidence, trust and stability in the sector. Any pronouncements that encroach into the financial sector will remain pronouncements until they know who to consult."




Governor Gono also said the RBZ is in the process of coming up with credit bureaus, with the completion of the framework targeted for March 2013.

The credit bureaus provides information to subscribers about individuals and corporate or any other institutions' creditworthiness.

Banks

Source: Byo24News

Are housemaids an evil lot?

Yes
26.92%
No
64.37%
Not sure
8.7%
494

Comments

News Updates

Email:

Latest News

Hooker rapes teen boy at knife point

by Staff Reporter | 22 December 2014 | 1157 Views

HIV-related illnesses leading causes of deaths in Harare

by Staff Reporter | 22 December 2014 | 811 Views

VP Mnangagwa not guaranteed presidency says Jonathan Moyo

by Staff Reporter | 22 December 2014 | 1778 Views

'Tsvangirai continues with his undemocratic tendencies'

by Staff Reporter | 22 December 2014 | 1253 Views

Bosso coaches to re-apply for their jobs - SWEEPING changes are loomin...

by Fungai Muderere | 22 December 2014 | 699 Views

Pungwe hydro-power station to be operational next year - PUNGWE B's 15...

by Staff Reporter | 22 December 2014 | 776 Views

Old lady (74) burnt to death trying to retrieve belongings - A 74-YEAR...

by Sukulwenkosi Dube | 22 December 2014 | 930 Views

Drama as dead man's lip disappears

by Gibson Mhaka | 22 December 2014 | 3023 Views

Acting President Mnangagwa apologises

by Staff Reporter | 22 December 2014 | 4726 Views

Beitbridge Alert: Arrivals heighten

by Thupeyo Muleya | 22 December 2014 | 2036 Views

Holland questions govt's commitment to national healing

by Staff Reporter | 22 December 2014 | 948 Views

Counterfeit notes hit Bulawayo

by Mbongeni Msimanga | 22 December 2014 | 2149 Views

Prophet drugs, rapes, impregnates woman - A PUMULA South woman is four...

by Thubelihle Mabhena | 22 December 2014 | 1799 Views

Chronicle warns of fake seed being sold at Renkini - FAKE maize seed ...

by Factmore Dzobo | 22 December 2014 | 662 Views

Senior Zanu PF official implicated in fraudulent vehicle registration ...

by Staff Reporter | 22 December 2014 | 1411 Views

Bond coins, signs Zim dollar might return

by Staff Reporter | 22 December 2014 | 1481 Views

Highlanders seniors sent packing

by Staff Reporter | 22 December 2014 | 2241 Views

New deadline for DZP - Zimbabweans living and working in South Africa ...

by Lovemore Mataire | 22 December 2014 | 1464 Views

New Highlanders coach be unveiled tomorrow - BONGANI Mafu is set to be...

by Sports Reporter | 22 December 2014 | 1134 Views

Teachers' association warns of a strike over bonus - ZIMBABWE Teacher...

by Staff Reporter | 22 December 2014 | 897 Views

Was Gugurahundi really a Western conspiracy V.P. P Mphoko? - In his ex...

by Nteletsha we Kezi | 22 December 2014 | 1091 Views

Come back to the BIG TENT Hon W Ncube, Hon T Biti and the whole Team -...

by Prof Richard M Simango | 21 December 2014 | 4281 Views

Central bank monitoring suspicious transactions

by Business Reporter | 21 December 2014 | 3604 Views

We are not mortgaging minerals says Chinamasa

by Staff Reporter | 21 December 2014 | 1623 Views

Cde Dabengwa, how can you not speak against Gugurahundi architectures ...

by Nomazulu Thata | 21 December 2014 | 4597 Views

Pakistan executes four more militants -  Lahore - Pakistan on Sun...

by Staff Reporter | 21 December 2014 | 1353 Views

US to review North Korea terror status - Washington - The United State...

by Staff Reporter | 21 December 2014 | 1023 Views

Nine companies prosecuted for selling contaminated fuel

by Staff Reporter | 21 December 2014 | 2622 Views

Entertainment

Mafikizolo delivers in Harare

by Staff Reporter | 22 December 2014 | 677 Views

Visually impaired singer gets early Christmas present

by Staff Reporter | 19 December 2014 | 2207 Views

Tuku fails to secure seat on Air Zimbabwe

by Staff Reporter | 19 December 2014 | 3604 Views

Mafikizolo jets into Zimbabwe today

by Brenda Phiri | 19 December 2014 | 1911 Views

Sony cancels US release of movie about plot to kill North Korean leader

by Staff Reporter | 18 December 2014 | 2233 Views

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 3450 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 3309 Views

Kunonga releases fourth album, Kwedu - AFRO-JAZZ singer Victor Kunong...

by Staff Reporter | 18 December 2014 | 1120 Views
iBlog

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago