Site icon DailyNews

RBZ to extend banks’ capitalisation deadline

HARARE – Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has hinted that he may extend the June 30 deadline for financial institutions to meet the $50 million minimum capital requirements to a later date. Gono cited the ongoing liquidity challenges and low economic growth as contributing factors to the central bank’s decision. “We are…

To access this content, please purchase a subscription by clicking the button below and select a package of your choice!
Subscriptions
Exit mobile version