bank charges

Government has admitted that local banks are charging exorbitant charges but it does not have the power to introduce and cap the charges and protect the ordinary citizens of Zimbabwe.
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The Reserve Bank of Zimbabwe has directed all banking institutions to set lending interest rates at 12 percent or below. The central bank also said banking institutions are required to cap bank charges at 3 percent. The RBZ said the…
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The Reserve Bank of Zimbabwe (RBZ) yesterday slashed bank cash withdrawal charges following an outcry from members of the public that were being short-changed by some unscrupulous financial institutions, it has been learnt. The new…
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By Conrad Mwanawashe Some commercial banks and micro-finance institutions have been penalised by the Reserve Bank of Zimbabwe for continuing to charge exorbitant transaction fees and interest rates above the stipulated levels.…
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By Tatenda Dewa | Harare Bureau | The Reserve Bank of Zimbabwe (RBZ) has reduced charges on electronic transactions as part of its measures to promote non-banking hall services amid a biting cash crunch. The central bank announced…
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