Category: Finance

Corporates bank balances worry RBZ

ABOUT 50 percent of the ZW$34,5 billion total bank deposits belongs to corporates, which makes liquidity management critical to keep inflationary pressures under check. Reserve Bank of Zimbabwe (RBZ) Governor,… Read more »

Stanbic to close two branches

STANBIC Bank Zimbabwe says it will close its Beitbridge and Chitungwiza branches next month as it adopts a digitisation strategy, which allows clients to conduct transactions and other services online…. Read more »

Ecobank Zim granted ISO certification

ECOBANK Zimbabwe Limited has been granted the prestigious International Organisation for Standardisation (ISO) certificate by the British Standards Institution, which gives the banking institution a competitive advantage and demonstrates compliance… Read more »

RBZ eyes on cash oligarchs

THE Reserve Bank of Zimbabwe (RBZ) says it will use various open market operation tools to deal with uneven distribution of money in the economy amid indications 50 percent of… Read more »

De-dollarisation on track: RBZ

Zimbabwe is making progress towards enforcing the use of the Zimbabwe dollar as the sole legal tender, after 189 million transactions valued at $459,6 billion were completed using local currency… Read more »