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The impact of business credit on long term success
Business credit is inevitable for most startups who possibly require financial aid; and business establishments looking to expand and grow their companies potentially. Business credit may be interpret...Published: 06 Oct 2021 at 12:38hrs | 28 | by Staff Writer
RBZ establishes collateral registry
THE Reserve Bank of Zimbabwe (RBZ) is working with BSystems Limited of Ghana to operationalise the collateral registry system by year end, after the apex bank awarded the company the tender for the da...Published: 24 Aug 2021 at 06:27hrs | | by Staff reporter
Zimbabwe banks defy headwinds
ZIMBABWE'S banking sector posted a combined ZW$15,1 billion (US$176,2 million) net profit during the first half of the year, after riding out headwinds posed by the deadly Covid-19 pandemic, Reserve B...Published: 06 Aug 2021 at 07:53hrs | | by Staff reporter
Zamco debt recovery at 23%
A SPECIAL purpose vehicle set to take up banks' accrued debts, the Zimbabwe Asset Management Company (Zamco), has so far recovered only 23,2% of the $1,13 billion toxic money, the minister of Finance ...Published: 05 Aug 2019 at 07:37hrs | | by Staff reporter
Zimbabwe banking sector stable, but assets quality deteriorates
ZIMBABWE'S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the increase in the average n...Published: 22 Feb 2019 at 09:01hrs | 8 | by Staff reporter
Banking sector profits jump 61%
ZIMBABWE's banking sector has recorded a 61 percent jump in aggregate profits to $390 million for the year ended 31 December 2018 when compared to $242 million in 2017, according to the Reserve Bank o...Published: 21 Feb 2019 at 22:34hrs | 915 | by Staff repprter
Zimbabwe commercial bank deposits surge 25% to $8 billion
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review o...Published: 30 Jan 2019 at 08:05hrs | | by Staff reporter
Banking sector deposits maintain upward trajectory
Finance Minister Patrick Chinamasa has said the banking sector deposits has maintained an upward trajectory, increasing by 17.1%, from US$6.51 billion as at end December 2016, to US$7.62 billion as at...Published: 07 Dec 2017 at 15:30hrs | | by Stephen Jakes
Zimbabwe's credit bureau takes shape
THE Reserve Bank of Zimbabwe's efforts to set up the Credit Reference Bureau (CRB) has received a major boost after banks submitted information on 90% of their loans to the registry as the central ban...Published: 09 Jul 2017 at 08:05hrs | | by Staff reporter
Zimbabwe's Credit Reference Bureau to go live on Monday
The Credit Reference Bureau, a system which contains credit history report of a prospective borrower before granting credit is anticipated to go live on Monday, Reserve Bank of Zimbabwe John Mangudya ...Published: 05 May 2017 at 07:07hrs | 607 | by Staff reporter
Zimbabwe Credit Reference Bureau system to go live end of August
THE long awaited Credit Reference Bureau (CRB) system is due to kick off by end of August, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.A credit registry is an institutio...Published: 17 Aug 2016 at 09:01hrs | | by Staff reporter
Zimbabwe Monetary Policy Statement – January 2012
The Reserve Bank of Zimbabwe (RBZ) yesterday released the January 2012 Monetary Policy Statement. The RBZ notes that despite the lack of a lender of last resort, illiquidity in the market, limited lin...Published: 01 Feb 2012 at 08:31hrs | | by Business reporter
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