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Gono may extend banks’ recapitalisation deadline

HARARE – Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says he might extend an “olive branch” to struggling financial institutions that fail to meet the December 31, 2012 recapitalisation deadline. Although most banks such as CBZ Bank, FBC Bank and Kingdom Bank among others had by September 30, either submitted plans for recapitalisation or…

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