Breaking News

Banks to submit recapitalisation plans to RBZ

by Staff reporter
18 September 2012 | 3542 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

Are housemaids an evil lot?

Yes
26.97%
No
64.32%
Not sure
8.71%
482

Comments

News Updates

Email:

Latest News

Chinamasa clueless

by Staff Reporter | 20 December 2014 | 145 Views

Zimbabwe defends sale of elephants - ZIMBABWE has defended the sale of...

by Staff Reporter | 20 December 2014 | 148 Views

Court protects self-confessed prostitute from pimp boyfriend

by Staff Reporter | 20 December 2014 | 209 Views

Dr Debangwa to join Mujuru 'to prevent' Zanu PF dictatorship he said -...

by Wilbert Mukori | 20 December 2014 | 479 Views

Mugabe, A Sometimes Necessary Demon!!!

by Ryton Dzimiri | 20 December 2014 | 675 Views

Outrage over Zimondi's 18-year jail sentence - The imposition of an 1...

by Court Reporter | 20 December 2014 | 2740 Views

Dabengwa calls Obert Mpofu bare-faced liar

by Staff Reporter | 19 December 2014 | 3650 Views

Mnangagwa threatens merciless crackdown on Mujuru/allies - ACTING Pres...

by Staff Reporter | 19 December 2014 | 3822 Views

Dabengwa joins forces with Mujuru - ZAPU leader Dr Dumiso Dabengwa has...

by Staff Reporter | 19 December 2014 | 5088 Views

Gukurahundi Western Conspiracy, VP P. Mphoko responds

by Vice President Phelekezela Mphoko | 19 December 2014 | 3365 Views

'Zanu-PF won't survive without Mujuru'

by Staff Reporter | 19 December 2014 | 2623 Views

Chinotimba wins human rights award

by Staff Reporter | 19 December 2014 | 1106 Views

Bellevue Spar Operating an illigal extortionous Grocery Credit Scheem

by Byo Resident | 19 December 2014 | 1413 Views

'Tshova Mubaiwa, a welcome gesture in Pumula South' - Please note that...

by Bulawayo Resident | 19 December 2014 | 1340 Views

Uhuru Kenyatta signs controversial anti-terror bill

by Staff Reporter | 19 December 2014 | 880 Views

Mugabe promotes 32 army officers - President Robert Mugabe has promote...

by Staff Reporter | 19 December 2014 | 2662 Views

Chicken slice apology

by Staff Reporter | 19 December 2014 | 2649 Views

Zanu-PF fraudsters in court

by Staff Reporter | 19 December 2014 | 1578 Views

VP Mphoko, Sir: Please - please fill in the gaps! - Thank you for putt...

by Casper Dube | 19 December 2014 | 1731 Views

Newborn baby girl dumped in rubbish bin, 'eaten alive' by ants

by Staff Reporter | 19 December 2014 | 2628 Views

Road to unity, not a one day event says VP Mphoko - Newly appointed Vi...

by Staff Reporter | 19 December 2014 | 1463 Views

Four people killed in a gas explosion in Matobo - Four people, all mem...

by Staff Reporter | 19 December 2014 | 2535 Views

Snake 'jumps' out of parked car

by Ndou Paul | 19 December 2014 | 5970 Views

Floods displace five families

by Staff Reporter | 19 December 2014 | 1634 Views

Cimas introduces air ambulance service - Cimas Medical Aid Society has...

by Staff Reporter | 19 December 2014 | 1432 Views

Robert Mugabe: An African Head of State and the State of an African He...

by Dinizulu Mbikokayise Macaphulana | 19 December 2014 | 2626 Views

Entertainment

Visually impaired singer gets early Christmas present

by Staff Reporter | 19 December 2014 | 797 Views

Tuku fails to secure seat on Air Zimbabwe

by Staff Reporter | 19 December 2014 | 2106 Views

Mafikizolo jets into Zimbabwe today

by Brenda Phiri | 19 December 2014 | 1185 Views

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

by Staff Reporter | 18 December 2014 | 1717 Views

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 2249 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 2076 Views

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

by Staff Reporter | 18 December 2014 | 711 Views

Ibumba roars into life with Tuku expected to headline the event - THE ...

by Simbarashe Mutizwa | 16 December 2014 | 1269 Views
iBlog

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago