Ecobank Zimbabwe

ECOBANK Zimbabwe has said authorities have cleared it of any wrongdoing for issuing $15 000 to a client but investigations are now centred on establishing if the money was used for its intended purpose.
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Ecobank Zimbabwe managed to secure over $100 million in lines of credit from group associates last year for onlending towards the importation of fuel, fertilisers, mining equipment and edible oils raw materials, a senior official has said.
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TETRAD Investment Bank mired by a negative core capital to the tune of US$38 million, is facing collapse due to non-performing loans accounting for 99 percent of the loan book, the bulk of which were made to related parties with no…
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Harare - The Zimbabwe unit of UK-based Standard Chartered is owed nearly $28 million (R300m) by the country’s central bank, which accessed foreign currency accounts held on deposit with the British bank by its customers.
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