banks in zimbabwe

Zimbabwean financial institutions are rejecting 99-year lease agreements as collateral for issuing of loans to farmers, with Senators calling on government to make the instruments bankable.
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Zimbabwean banks face insolvency due to a growing portfolio of Treasury bills (T-bills) and electronic funds transfers unsupported by cash reserves, the International Monetary Fund (IMF) has warned.
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Zimbabwe's banks posted a startling 42 percent surge in profits that buttressed economists and investors’ belief that “unacceptable charges” and “extortionist fees” were reinvigorating the long-struggling financial sector.
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By Helen Kadirire A woman died over the weekend after enduring long hours in a queue to withdraw $40 from a bank at Joina City in the Harare central business district. She was in the company of her minor child and had come from…
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By Phillimon Mhlanga Banks in Zimbabwe have taken advantage of the prevailing cash shortages by hiking their transaction costs by as much as 570 percent, leaving the bulk of depositors who are already living on the margins of poverty…
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HARARE - Two more indigenous banks face collapse due to the persisting liquidity crisis’ systemic risk inherent in the financial sector, a report released last week indicated.
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Since the turn of the new millennium, Zimbabwe's economy has been on a downward trajectory, characterised by hyperinflation, chronic unemployment and soaring national debt levels.
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Mobile payments are seeing slow uptake among Zimbabwean banks, indicating a need for higher levels of integration.
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