Breaking News

Banks to submit recapitalisation plans to RBZ

by Staff reporter
18 September 2012 | 3644 Views
Banks are expected to submit their recapitalisation plans to the Reserve Bank of Zimbabwe by the end of this month paving the way for the full implementation of a $100 million capital threshold for the financial sector.

According to the Bankers Association of Zimbabwe, some financial sector institutions  whose paid up capital  might not comply with the latest regulations  have come up with policies to raise funds including  searching for investors, amalgamating  existing strategic business units as well as considering raising  additional funds from shareholders.

Zimbabwe National Chamber of Commerce (ZNCC) Chief Economist, Kipson Gundani says while the financial sector is showing commitment to comply with the capital regulations , regulatory authorities must ensure that proposed capital raising plans will protect depositors.




"What we expect is nothing other than the proposed measures to restore depositor confidence," he said.

In terms of the new $100 million capital requirements, the financial sector is expected to be 25% compliant by December this year in a phased recapitalisation strategy that will result in the financial industry being fully capitalised by June 2014.

recapitalisation RBZ Banks

Source: Zbc

Is Itai Dzamara eyeing the US Green Card?

Yes
16.67%
No
78.03%
Not sure
5.3%
264

Comments

News Updates

Email:

Latest News

Zimbabwe govt urged to give youths land - The National Political Commi...

by Staff Reporter | 31 March 2015 | 579 Views

Open apology to King Goodwill Zwelithini

by Kingston Mazabane | 31 March 2015 | 2555 Views

Dethroned Mujuru is to blame for her political downfall - Reading arti...

by John Mukumbo | 31 March 2015 | 1538 Views

Shingi Munyeza leaves African Sun - The African Sun Group Chief Execut...

by Stephen Jakes | 31 March 2015 | 1591 Views

Zimbo locked up in Botswana for falsehoods - A Zimbabwean refugee app...

by Stephen Jakes | 31 March 2015 | 1770 Views

Hubby invites granny for all night sex party caught red-handed by wife...

by Staff Reporter | 31 March 2015 | 4742 Views

Why MDC will not participate in By-elections - THE MDC reiterates its ...

by Ellen Shiriyedenga, MDC Director of Elections | 31 March 2015 | 1859 Views

Thieves smash Charamba's car, steal cash and mobile phones - Harare t...

by Staff Reporter | 31 March 2015 | 3868 Views

'Boko Haram has killed 7 300 people' - The UN says Boko Haram militant...

by Staff Reporter | 31 March 2015 | 1659 Views

Is democracy Africa's share? - For the people By the people  With...

by Wangu-Mine | 31 March 2015 | 967 Views

Zimbabwe political crisis reaches tipping point

by Obert Chaurura Gutu, MDC-T National Spokesperson | 31 March 2015 | 3278 Views

POSB supports ZIMASSET

by Thobekile Zhou | 31 March 2015 | 1334 Views

Bye bye! - Southern Eye says to its readers

by Thobekile Zhou | 31 March 2015 | 2629 Views

Photos of 'unwell' Grace Mugabe emerges

by Staff reporter | 31 March 2015 | 14233 Views

'Big snake swallows two goats' - 9:07am, Mar 31 - ‪+263 7* *** ****...

by Silobela Villagers | 31 March 2015 | 6407 Views

Jonathan Moyo attacks 'foolish' NewsDay

by Thobekile Zhou | 31 March 2015 | 3728 Views

Fifa presidential candidate in Harare, courts Cuthbert Dube - Aspiring...

by Thobekile Zhou | 31 March 2015 | 2197 Views

Ray Kaukonde donation shakes Marondera council - Marondera Central MP ...

by Staff reporter | 31 March 2015 | 5571 Views

'Shut up,' Zanu-PF tells Jabulani Sibanda - Faction riddled has hit ba...

by Staff reporter | 31 March 2015 | 4324 Views

Bhasikiti exposes corrupt ministers - In a stunning revelation, former...

by Staff reporter | 31 March 2015 | 4453 Views

Panic over Grace Mugabe illness - A deadly cocktail of uncertainty pan...

by Staff reporter | 31 March 2015 | 6416 Views

Grace and Robert Mugabe illness 'collapses' Zanu-PF - BULAWAYO SOUTH M...

by Staff reporter | 31 March 2015 | 4898 Views

'Chicken thief dies in action'

by Concerned Citizen | 31 March 2015 | 5825 Views

MDC-Renewal members can contest by-elections as independents - MDC-Ren...

by Staff reporter | 31 March 2015 | 1652 Views

Mugabe under attack over calls for diasporans cash - President Robert ...

by Stephen Jakes | 31 March 2015 | 2783 Views

'High Court has no jurisdiction over Mutasa, Gumbo expulsion case,' sa...

by Staff reporter | 31 March 2015 | 2075 Views

Zanu PF officials in stampede for seats in Bulawayo - ZANU PF's Bulawa...

by Thobekile Zhou | 31 March 2015 | 1496 Views

Milton Junior School parents angry at Mugabe - Parents at Milton Juni...

by Thobekile Zhou | 31 March 2015 | 3624 Views

Batoka power station construction set to start in January 2016

by Stephen Jakes | 31 March 2015 | 939 Views

Entertainment

Big Nuz date Bulawayo fans - DURBAN's finest kwaito group, Big Nuz ar...

by Kusile Madlela | 31 March 2015 | 1242 Views

Bev, Zoey videos go viral - Videos included - THE raunchy videos of ...

by Rest Mutore | 31 March 2015 | 6229 Views

Comedian BRINGS new life to Cotton Country Inn

by Kadoma Directory | 28 March 2015 | 1731 Views

Buju Banton released early and deported, rumors untrue

by Staff Reporter | 27 March 2015 | 5247 Views

Mutodi praises Mnangagwa in new song - Flamboyant sungura musician-cu...

by Staff reporter | 26 March 2015 | 2438 Views

Tuku teams up with Bra Hugh for Cape Town Jazz Festival - The 16th Cap...

by Arts reporter | 26 March 2015 | 1047 Views

ZimOnline Radio sponsoring the ZimCup Clash trophies - ZimOnline Radio...

by Staff Reporter | 25 March 2015 | 1351 Views

Kwaito legend dies

by Staff reporter | 25 March 2015 | 8760 Views
iBlog

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

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago