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After 130 years in the country, Standard Chartered is leaving Zimbabwe. The group has announced it is exiting a number of operations around the world, including Zimbabwe, to cut costs.
Standard Chartered Bank Zimbabwe has been criticised for its plans to unilaterally recover from customers uncollected transaction taxes, dating back two years, in just three months.
Standard Chartered Bank, one of the country’s biggest and oldest financial institutions, has said it will close its Gweru branch next month and transfer the city’s accounts to Bulawayo.
Standard Chartered Bank, a British multinational banking and financial services group, has said it is waiting for approval by the British government to give the autocratic Zanu PF government a $262 million bailout loan. The British domiciled bank confirmed it had been asked by regional banks to consider a financing deal, following Zimbabwe’s commitment to […]
By John Kachembere HARARE – Standard Chartered Bank Zimbabwe has denied externalisation claims laid by its former workers saying the financial institution was committed to reviving the country’s ailing economy by sourcing cheap external loans. This comes as the bank’s former workers last week petitioned the British Embassy in Harare to act on the Standard […]
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.