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Reserve Bank confirms that NMB Bank is safe and sound
23 Feb 2016 at 14:32hrs | Views
The Reserve Bank of Zimbabwe has confirmed that NMB Bank is in a safe and sound financial position. It says the bank is not facing any liquidity challenges and is not threatened with curatorship, as alleged in a message being circulated on social media.
"We have learnt with concern that there is a message being maliciously circulated on social media advising NMB account holders to withdraw their money from the bank and alleging that the bank is faced with the threat of liquidation," the regulator said in a statement issued today (Tuesday).
"The Reserve Bank wishes to reassure the public that NMB Bank is not facing any liquidity challenges and there is no threat of curatorship or liquidation as alleged.
"Members of the public are therefore advised to ignore any misleading statements from unauthorised and uninformed persons on the status of banking institutions or the banking sector," the Reserve Bank said.
The statement pointed out that in its Monetary Statement last month the central bank had communicated that the banking sector is safe and sound, as evidenced by positive financial sector indicators.
"The Reserve Bank is the sole superintendent of the banking sector in Zimbabwe, and any information on the condition of banks, other than that published by the banking institution itself, should come from the Reserve Bank of Zimbabwe.
"In order to keep themselves informed on the status of the banking sector, members of the public are advised to access reports published by the Reserve Bank on a quarterly basis or phone the Reserve Bank for information," the bank said, adding that Reserve Bank of Zimbabwe reports are available on its website, www.rbz.co.zw, or through its offices.
"We have learnt with concern that there is a message being maliciously circulated on social media advising NMB account holders to withdraw their money from the bank and alleging that the bank is faced with the threat of liquidation," the regulator said in a statement issued today (Tuesday).
"The Reserve Bank wishes to reassure the public that NMB Bank is not facing any liquidity challenges and there is no threat of curatorship or liquidation as alleged.
"Members of the public are therefore advised to ignore any misleading statements from unauthorised and uninformed persons on the status of banking institutions or the banking sector," the Reserve Bank said.
The statement pointed out that in its Monetary Statement last month the central bank had communicated that the banking sector is safe and sound, as evidenced by positive financial sector indicators.
"The Reserve Bank is the sole superintendent of the banking sector in Zimbabwe, and any information on the condition of banks, other than that published by the banking institution itself, should come from the Reserve Bank of Zimbabwe.
"In order to keep themselves informed on the status of the banking sector, members of the public are advised to access reports published by the Reserve Bank on a quarterly basis or phone the Reserve Bank for information," the bank said, adding that Reserve Bank of Zimbabwe reports are available on its website, www.rbz.co.zw, or through its offices.
Source - Agencies
