Gono opposing unstructured indigenisation of foreign banks

Gono opposing unstructured indigenisation of foreign banks
Published: 09 August 2013
RBZ governor Gideon Gono is standing firm in opposing unstructured indigenisation of foreign banks, saying he will not allow the process to be done "recklessly".

Speaking on the sidelines of a press conference in Bulawayo this week, Gono said the banking sector was sensitive and he would not allow a rushed indigenisation of foreign- owned banks.

His comments come in the wake of threats by former Justice minister Patrick Chinamasa the Zanu-PF government would go after foreign banks.

"There will not be any unstructured or chaotic forced interventions in the banking sector outside the technical agreements and legal ways of doing things which we will agree on as chief advisors to government," said Gono.

- businessdigest

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