Business / Companies
Royal Bank of Zimbabwe Reopens Six Years After Being Closed
22 Feb 2011 at 00:39hrs | 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.
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.
Source - Byo24News
