Breaking News

14 banks have met first level of capital requirements

by Business reporter
01 February 2013 | 4020 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

Does Prophet Magaya's anointing oil work?

Yes
17.25%
No
71.25%
Spiritual matters
11.5%
400

Comments

News Updates

Email:

Latest News

Bare breasted Mujuru wanted to kill me says Mugabe

by Staff Reporter | 28 February 2015 | 980 Views

Zimra to conduct a blitz on smuggled cars - The Zimbabwe Revenue Autho...

by Staff reporter | 28 February 2015 | 730 Views

'I will never forget Mugabe's killing machine,' says 95-yr-old Gukurah...

by Staff Reporter | 28 February 2015 | 1127 Views

Mugabe birthday cakes - Photos

by Staff Reporter | 28 February 2015 | 1752 Views

Mnangagwa, Mphoko may not be Mugabe's successors - PRESIDENT Robert Mu...

by Staff reporter | 28 February 2015 | 988 Views

Mudenda saves Mutasa and Mliswa at-least for now - EXPELLED former Zan...

by Staff reporter | 28 February 2015 | 1003 Views

Jive for Gushungo - IT'S here.The long-awaited 91st birthday party for...

by Staff reporter | 28 February 2015 | 607 Views

Dying in the Diaspora - Often we hear people proclaiming that we are b...

by Fanuel Kangondo | 28 February 2015 | 617 Views

Man dies after fight with 'invisible baboon' - A BULILIMA man died mys...

by Sukulwenkosi Dube | 28 February 2015 | 693 Views

Andrew Langa booted out - SPORT, Arts and Culture Minister Andrew Lang...

by Mashudu Netsianda | 28 February 2015 | 917 Views

Death looks so stubbornly uninterested in Mugabe - President Mugabe is...

by Nathaniel Manheru | 28 February 2015 | 846 Views

Kombi driver rapes lover after being refused unprotected sex - A COMMU...

by Nokusa Masuku | 28 February 2015 | 839 Views

Drug abuse drives teen to suicide - THE family of a Form Two pupil fro...

by Staff reporter | 28 February 2015 | 504 Views

Small house caught pants down, approaches court for protection - A BUL...

by Thubelihle Mabhena | 28 February 2015 | 910 Views

Man acquitted on charges of raping a prostitute - FOUNTAIN Christian C...

by Thandeka Moyo | 28 February 2015 | 609 Views

Bosso SG vows not to sign Shona players - HIGHLANDERS FC secretary-gen...

by Ricky Zililo | 28 February 2015 | 1151 Views

Woman stabs hubby over food - A 33-YEAR-OLD woman from Bulawayo's Lobe...

by Nokusa Masuku | 28 February 2015 | 435 Views

Zimbabweans blast Mugabe jamboree - Zimbabweans have described Preside...

by Staff reporter | 28 February 2015 | 532 Views

Mugabe takes unusual step - President Robert Mugabe was on Thursday fo...

by Staff reporter | 28 February 2015 | 1002 Views

Man fights cops in Bulawayo CBD

by Concerned Citizen | 28 February 2015 | 2074 Views

Bus overturns at Mbalabala heading for Mugabe bash - One person died w...

by Staff Reporter | 28 February 2015 | 2491 Views

Mugabe's birthday bash - Update from Vic Falls

by Staff Reporter | 28 February 2015 | 2309 Views

'Baba Jukwa' in fouth bid for freedom

by Tendai Rupapa | 28 February 2015 | 1728 Views

Magistrate reverses sentence for illegal ivory dealers

by Leonard Ncube | 28 February 2015 | 1186 Views

Financing Africa's massive projects - Innovative bankrolling gains pop...

by Kingsley Ighobor and Busani Bafana | 28 February 2015 | 805 Views

Fake Zesa officials jailed 52 years for armed robbery - TWO men who ma...

by Staff Reporter | 28 February 2015 | 1264 Views

Breaking: Chaos at Mugabe's birthday bash - Chaos is reigning supreme...

by Staff Reporter | 28 February 2015 | 6602 Views

Prophet Uebert Angel's lawyer refuses to testify

by Tendai Rupapa | 28 February 2015 | 1189 Views

Mugabe interview at 91 - Video

by Staff Reporter | 28 February 2015 | 1728 Views

Mugabe reveals secret to long life - 91-year-old President Robert Muga...

by Staff Reporter | 28 February 2015 | 1552 Views

Entertainment

Popular Zim dancehall chanter arrested for fraud

by Liberty Dube | 27 February 2015 | 2174 Views

Group pens song for Mugabe - A 7-member group from Acturus has release...

by Staff reporter | 21 February 2015 | 1648 Views

Mathias Mhere saga takes new twist - Gift Mahlupeka, who allegedly che...

by Staff reporter | 20 February 2015 | 9690 Views

Mlambos Express Band flies Matabeleland Flag - Mlambos Express Band po...

by Entertainment Reporter | 20 February 2015 | 3086 Views

Will Smith's marriage is pretty much dead - For the past 18 years, Wil...

by BlackAmericaWeb | 19 February 2015 | 6617 Views

Bulawayo musician urges artists to work together

by Staff Reporter | 19 February 2015 | 2454 Views
iBlog

Four In 10 Americans Face Regular Online Fraud Attacks

Microsoft offers four primary tips to help protect users from identity theft:• be selfish and defensive with personal information by not sharing sensitive details in emails, and instant and text messages• create, use and keep secret so-called “... Read More
SecNews 24 October 2014 ago

Rules Or Relationship

The dog does not need a lead to go for a walk. its owner can just speak a word and the dog responds. now, we are not comparing ourselves to dogs, we are comparing performance-based christian living to relationship-based christian living. big, big ... Read More
LindaDiokpa 30 December 2014 ago