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Royal Bank of Zimbabwe Reopens Six Years After Being Closed

by Byo24News
22 Feb 2011 at 05:39hrs | Views
Royal Bank of Zimbabwe Ltd. reopened yesterday after a six-year closure, Newsday reported, citing Chief Executive Officer Jeff Mzwimbi.
The closely held lender was closed by Zimbabwe's central bank after failing to meet minimum capital requirements amid Zimbabwe's decade-long economic crisis, the Harare-based newspaper said. Royal now plans to lend primarily to farmers, Newsday reported.

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Source - Byo24News
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